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Hartford selling Federal Trust unit to CenterState

Hartford Financial Services Group Inc. said on Monday that it will sell Federal Trust Corp., a thrift holding company with 11 offices in Florida, to CenterState Banks Inc.

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HARTFORD, Conn. (AP) — Hartford Financial Services Group Inc. said on Monday that it will sell Federal Trust Corp., a thrift holding company with 11 offices in Florida, to CenterState Banks Inc.

Financial terms of the transaction were not disclosed.

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