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Offshoot Of Portuguese Bank Turns To IFMG

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BcpBank N.A. has asked Independent Financial Marketing Group Inc. to run its investment program.[@@]

IFMG, Purchase, N.Y., says its broker-dealer and insurance agency units will be selling securities and insurance to customers of BcpBank, Newark, N.J., which is part of the North American operations of Banco Comercial Portugu?s S.A., Lisbon

BcpBank has 16 branches in Massachusetts, New Jersey and New York and $420 million in retail deposits.

IFMG is a unit of Sun Life Financial Inc., Toronto.

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