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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Go deeper on emerging topics, as well as key firms and thought leaders
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
March 01, 2005 at 07:00 PM
NU Online News Service, March 1, 2005, 6:03 p.m. EST
KNBT Bancorp Inc. has agreed to acquire Caruso Benefits Group Inc.[@@]
The Harrisburg, Pa., bank says it is buying the Bethlehem, Pa., benefits manager to improve the services it offers its commercial customers.
Caruso was founded in 1971 and serves several thousand employers in Eastern Pennsylvania, KNBT says.
KNBT will pay $20 million for Caruso when the deal closes and $8 million more over the next 3 years if the firm meets profitability goals.
KNBT hopes to complete the deal by June 30.
The firm will continue to operate as Caruso Benefits Group Inc., KNBT says.
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