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IFMG To Support New York Bank

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A midsize New York state bank holding company is expanding its investment distribution relationship with Independent Financial Marketing Group Inc.[@@]

The bank holding company, Provident Bancorp Inc., Montebello, N.Y. has asked IFMG, Purchase, N.Y., to supply insurance and investment products and sales services to 9 branches acquired from another company in 2004.

Provident, which now has a total of 37 branches, has been working with IFMG and IFMG’s broker-dealer and insurance agency subsidiaries since 1998.

Provident has $2.5 billion in assets.

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


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