B of A Arizona Stops Using Spear Financial Services
Spear Financial Services Inc. in Glendale said it received $870,000 from Bank of America Arizona as part of the bank’s decision to stop using Spear’s services.
Spear’s James Mitchell & Co. subsidiary sold annuities and other insurance-related investments in the offices of the bank, which formerly was Security Pacific Bank Arizona before BankAmerica Corp. recently purchased it.
The bank previously announced that it plans to market the investments itself.
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