Breaking News: Allstate to Exit Banking Business

Contact us | Subscribe | Send to a Friend

February 9, 2011 Breaking News Alert Allstate to Exit Banking Business The Allstate Corp., the nation's largest publicly held personal lines insurer, is getting out of the banking business. Discover Bank, a division of Discover Financial Services, is purchasing the $1.1 billion deposits of Allstate Bank and the two have entered into to a multi-year distribution and marketing agreement. Read the full story Send to a Friend Subscribe | Unsubscribe | Send to a Friend | Contact Us Insurance Journal 3570 Camino del Rio North, Suite 200 San Diego, CA 92108 (800) 897-9965 Copyright © 2011 by Wells Publishing, Inc.