Highland Bancorp to Merge With Jackson Federal Bank
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Highland Bancorp Inc., parent company of Highland Federal Bank, announced it has agreed to merge with Jackson Federal Bank. Jackson will acquire Highland for $25.45 cash per share of Highland stock.
Jackson Federal Bank in San Bernardino is a wholly owned subsidiary of Jackson National Life Insurance Company in Lansing, Mich., which is in turn a wholly owned subsidiary of Prudential of England.
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