SWBC said Monday it has bought three specialty risk managementfirms in a move the San Antonio-based company said emphasizes itscommitment to the small and mid-market credit union industry.

They are insurance tracking and compliance specialists FICOR ofLenexa, Kan., and NINPRO Data and NINPRO of Portland, Ore.

Terms were not disclosed. The acquisition adds nearly 300financial institutions to the client list for SWBC, a provider ofinsurance, mortgage and investment services, and will expand itsmarket share in the Midwest and Pacific Northwest, the companysaid.

“The FICOR and NINPRO culture is an excellent fit for the smalland mid-market financial institution as they place a significantamount of focus on consistent, visible and high touch service,”said Mark Hein, CEO of SWBC's Financial Institution Group.

“Our strategic plan is to introduce many of our clients to theirservice environment and overlay a few of the technologies that wehave deployed to further lower those organizations' cost structure,Hein said

SWBC said Ken Schweitzer, CEO of FICOR, and Jerry Snider, CEOof NINPRO, will remain in place as both businesses will continue tooperate under current management and operational structure.

“I have known (SWBC co-founders) Gary Dudley and Charlie Amatofor 20-plus years, and they have put together a great team thatwill complement our growth initiatives going forward,” Schweitzersaid.

Snider said, “We are already scoping out ways to integrate someof their tools … in order to deliver best practice processes to ourcustomer base.

SWBC said it now has a client list of just more than 1,200financial institutions, nearly 900 of them credit unions.