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First Federal of Northern Michigan Bancorp, Inc. Announces Sale of Insurance Agency Assets.

Publication: Insurance Weekly News
Publication Date: 20-MAR-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
First Federal of Northern Michigan Bancorp, Inc. (NASDAQ:FFNM) (the "Company") announced the sale of the health, life, property and casualty insurance operations of InsuranCenter of Alpena, the Company's insurance affiliate ("ICA"). As a result of the transaction, the Company will reduce its full-time employees by 14 positions, or 13%...

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