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Article: State Farm To Introduce Mutual Funds Nationwide.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- March 15, 2001
CopyrightCOPYRIGHT 2001 Knight-Ridder/Tribune Business News. 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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By Shannon Buggs, Houston Chronicle Knight Ridder/Tribune Business News
Mar. 15--State Farm today takes the final step toward becoming a full-fledged financial conglomerate when it introduces nationwide its proprietary family of mutual funds.
Over a year ago, the nation's largest auto and home insurance company started State Farm Bank, which offers checking and savings accounts, as well as mortgage and consumer loans, to its customers.
Now, State Farm is betting the policyholders who rely on its agents to sell them insurance for unexpected catastrophes also will trust those agents to suggest strategies for investing their savings.
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