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Tag Archives: Rick D. Riley

Security Plan completes purchase of Magnolia Guaranty

RIDGELAND — Security Plan Life Insurance Company has completed the purchase of Magnolia Guaranty Life Insurance Company. On March 7, Citizens Inc. subsidiary Security Plan completed its acquisition of Magnolia of Ridgeland for $5.23 million. Security Plan paid cash in exchange for 409,553 shares of Magnolia capital stock outstanding. In response to receiving the Mississippi Department of Insurance order approving ...

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