Printer Friendly

MUTUAL FUNDS AND ANNUITIES NOW AVAILABLE AT NBD BRANCHES

 MUTUAL FUNDS AND ANNUITIES NOW AVAILABLE AT NBD BRANCHES
 DETROIT, Aug. 27 /PRNewswire/ -- At NBD Bancorp (NYSE: NBD) bank


offices in Michigan, Illinois and Ohio, customers can now invest in high quality annuities and mutual funds. Charterpoint Investment Centers provide tax-deferred annuities and an array of mutual funds, including the NBD-managed Woodward Funds, through the 396 NBD Bancorp bank locations in these states.
 Russell C. Browne, first vice president and director of retail investment and insurance for NBD, said, "Making Charterpoint available through our offices is an innovative response to our customers' desire for alternative investment products. It's one-stop shopping that allows our customers access to these types of investments from the convenience of their local NBD office.
 "Not only can a customer choose from a variety of securities, including bond funds, equity funds and money market funds, but Charterpoint makes available carefully selected tax-deferred annuities from creditworthy insurance carriers with high ratings and strong capital positions."
 Insurance products are offered through Charter Oak Insurance Agency of Michigan, Inc., a fully licensed insurance agency. Securities are offered through Essex National Securities, Inc., member NASD/SIPC. Neither Charter Oak Insurance Agency of Michigan, Inc., nor Essex National Securities, Inc., is affiliated with NBD Bancorp or any of its subsidiaries. These products are not FDIC-insured.
 -0- 8/27/92
 /NOTE: ILLINOIS EDITORS - NBD Bancorp is the parent company of 18 Metropolitan Chicago Banks with total assets of over $5 billion. OHIO EDITORS - NBD Bancorp is the parent company of NBD Bank with 21 branches in Columbus and Dayton, Ohio.
 CONTACT: M. Renee Ahee of NBD Bancorp, 313-225-2596/
 (NBD) CO: NBD Bancorp ST: Michigan, Ohio, Illinois IN: FIN SU: PDT


JG -- DE030 -- 4144 08/27/92 17:17 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Aug 27, 1992
Words:286
Previous Article:STANDARD & POOR'S STOCK PRICE INDEX -- CLOSING, THURSDAY, AUG. 27 /PRN/
Next Article:LOAN AMERICA TO REACH FULL CAPACITY FRIDAY
Topics:


Related Articles
NBD DECLARES DIVIDEND
NBD SHAREHOLDERS APPROVE PROPOSAL, ELECT BOARD AT 21ST ANNUAL MEETING
SHAWMUT NATIONAL AND IDS FINANCIAL TEAM UP TO PROVIDE FINANCIAL PLANNING TO SHAWMUT CUSTOMERS
Prudential Investments Absorbs Management of Non-Proprietary Mutual Funds and Annuities From Prudential Securities
BISYS and First Chicago NBD Extend Service Relationship
The Hartford Mutual Funds Hit $1 Billion Milestone To Become Nation's Fastest-Growing Fund Family
Annuity Marketing Alliance Formed.
BB&T Partners with Nationwide Financial to Offer Fixed and Variable Proprietary Annuities; New products developed concurrently.
Morningstar Enhances Variable Annuity Data to Create Most Complete Database In Industry.
Wachovia 2003 Leader in Brokerage Income.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters