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Article: BancFirst Corporation Announces Completion of the Sale of Century Life Assurance Company to American Underwriters Life Insurance Company.
- Article from:
- PR Newswire
- Article date:
- December 5, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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OKLAHOMA CITY, Dec. 5 /PRNewswire-FirstCall/ -- BancFirst Corporation and Pickard Limited Partnership, an affiliate of BancFirst Corporation, have completed the sale of Century Life Assurance Company, with ownership 75% and 25%, respectively, to American Underwriters Life Insurance Company. American Underwriters acquired all of the outstanding common stock of Century Life Assurance Company when the sale was completed on November 30, 2006. BancFirst will continue to offer Century Life insurance products through its banking offices. BancFirst Corporation reported the sale has resulted in an after-tax gain of $750,000, which is slightly higher than the estimated $400,000 - ...