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Western-Southern Joins Housing Bank

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A life insurance company will be doing more to invest in the Ohio economy.

Western-Southern Life Assurance Company, Cincinnati, a unit of Western & Southern Financial Group, has become a member of the Federal Home Loan Bank of Cincinnati, officials say.

The FHLBank, a regional wholesale bank, helps provide financing to support member financial institutions’ mortgage loans and small business loans.

Western-Southern can use advances from relatively low-cost FHLBank advances to back funding agreements, Western-Southern says.