Member Savings offers banking services to LCBO employees
Aligned has $10B in assets and over 200 advisors
The U.S. firm specializes in fixed index annuities
The sale involves two branches and fewer than 75 employees
The transaction is designed to allay regulatory concerns about competition
The bank announced plans to buy Eaton Vance, an investment management firm, on Thursday
The transaction is expected to close within 30 days
Merger will facilitate growth through product development, tech advancements
Kevin Sullivan will support the revised terms and withdraw a slate of proposed directors
The transaction is expected to close within six to 12 months