Security Pacific will sell services at Penney’s.
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The big Los Angeles bank said it will begin marketing personal loans, lines of credit, home equity loans and auto financing at banking centers at 17 J. C. Penney stores in San Francisco, Sacramento and San Jose. The bank also will offer mutual funds, certificates of deposit and retirement accounts at Penney’s through its Security Pacific Brokers subsidiary. Separately, Security Pacific announced that it has created a new California Commercial Group to consolidate its business lending in California.
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