Western Financial and Coast Capital complete sale of CCIS

Western Financial Group and Coast Capital Savings Credit Union announced today the closing of the sale of Coast Capital Insurance Services Ltd. (CCIS) that will see ownership of Coast Capital’s property, commercial and casualty insurance subsidiary transferred to Western.

Western and Coast Capital first announced the sale of CCIS in a joint news release on May 16, 2013.

Under the terms of the agreement between Western and Coast Capital, CCIS branches will continue to operate under the CCIS name for at least two years and Western will continue to employ all of CCIS’s 242 staff members. Coast Capital and Western will also work closely together to identify mutually beneficial business opportunities. Coast Capital will continue to offer life and disability insurance through its subsidiary, Coast Capital Financial Management Ltd.

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