John Hancock Financial Services of Boston has formed a partnership with Compass Bancshares of Birmingham, Ala. to expand its bank distribution, John Hancock announced last week.

Compass, which has approximately $20 billion in assets, will sell John Hancock mutual funds, annuities and insurance products at its 340 banking offices throughout Alabama, Arizona, Colorado, Florida Nebraska, New Mexico and Texas, according to the company. John Hancock will provide accounting and support services for the products.

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