John Hancock Financial Services of Boston has formed a partnership with Compass Bancshares of Birmingham, Ala. to expand John Hancock’s bank distribution, John Hancock announced today.

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 announcement. John Hancock will provide accounting and support services for the products.

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