TAMPA, Fla.–GTE Financial said it has acquired Blue Star Insurance Group Inc., a local and regional agency focusing on auto, home, business, life, and health insurance. The acquisition will help it to expand its insurance offerings into Tampa's Hispanic market, according to GTE Financial.
"The acquisition of Blue Star Insurance Group aligns with our ongoing mission to positively support our Hispanic community," Jeffrey Williams, VP of CUSOs, wealth, and private bank at GTE Financial, said in a statement. "With 18.5% of our total membership being Hispanic and 36% of our total employees, we have the right talent and resources to assist with Blue Star's customer base."
GTE Financial said the acquisition of Blue Star positions it to help other credit unions offer services to their members.
“The credit union hopes this will develop the credit union community by providing opportunities for other organizations to deepen their service offering for members,” the $2-billion GTE Financial said.
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