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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
November 11, 2002 at 07:00 PM
NU Online News Service, Nov. 11, 2:57 p.m. – Citizens Inc., Austin, Texas, has signed a definitive agreement to acquire First Alliance Corp., Lexington, Ky., through a stock swap with a current value of about $17 million, based on a price of $3.02 per share for First Alliance and $7.99 per share for Citizens.
Citizens hopes to complete the acquisition, which is subject to approval by First Alliance shareholders and regulators in Kentucky, Missouri and Arkansas, by mid-2003.
First Alliance is the parent of First Alliance Insurance Company, a life insurer. Citizens says it will keep the company’s current staff in its current offices after the deal is completed.
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