Security National Acquires Arkansas Insurance Company.SALT LAKE CITY -- Security National Financial Corp. (Nasdaq: SNFCA) announced today the firm has acquired Memorial Insurance Co. of America, located in Blytheville, Ark. The announcement was made by Scott M. Quist, SNFC SNFC Sunday Night Film Club SNFC Secteur du Nord des Forces Canadiennes (Canada) SNFC Sacramento Natural Foods Co-op SNFC Scottish National Flying Club SNFC Standing Naval Force Channel president. Terms of the acquisition were not announced, but Memorial Insurance has $43 million in assets and has been in business for 50 years. The company will continue to operate the office in Blytheville. Quist said this acquisition makes a total of 25 offices in 12 states operated by Security National. Security National Financial Corp. and its wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. operate in three main business segments: life insurance, cemetery and mortuary mor·tu·ar·y n. A place, especially a funeral home, where dead bodies are kept before burial or cremation. , and mortgage loans. The life insurance segment is engaged in the business of selling and servicing selected lines of life insurance, annuity products, and accident and health insurance marketed primarily in the Intermountain West The Intermountain West is a region of North America lying between the Rocky Mountains to the east and the Cascades and Sierra Nevada to the west. It is also called the Intermountain Region. , California, Florida, Oklahoma and Texas. The cemetery and mortuary segment of the company consists of five cemeteries in Utah, one cemetery in California, eight mortuaries MORTUARIES, Eng. law. These are a sort of ecclesiastical heriots, being a customary gift claimed by and due to the minister, in many parishes, on the death of the parishioner. 2 Bl. Com. 425. in Utah and six mortuaries in Arizona. The mortgage loan segment is an approved governmental and conventional lender that originates and underwrites residential and commercial loans for new construction, existing homes and real estate projects primarily in the Intermountain West. |
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