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Accel Mortgage

Stephan Balino & Welton Kalani Found Guilty of Mortgage Fraud

Following a nine day trial, a jury found two Honolulu mortgage brokers guilty of offenses stemming from a mortgage fraud and money laundering ...

Washington Trust Provides $11.7 Million in Financing for Mixed-Use Commercial Property in Westport, CT

The two-story property was built in 1969 and is located on a 1.33 acre site at 180 Post Road in Westport. Featuring a total of 34,062 square-feet, the building is separated into five retail spaces ranging in size from 1,100 to 4,000 square-feet on the ground floor and ten office spaces ranging in size from 1,154 to 6,250 square-feet on the second floor. The property also includes a 100-space adjacent parking lot located one block from Main Street, one of the premiere retail locations in CT.

“Washington Trust was very pleased to begin a relationship with Accel International, financing their acquisition of this premier Westport asset,” said Julia Anne M. Slom, Senior Vice President & Team Leader of Washington Trust’s Commercial Real Estate Group. “With its proximity to the downtown shopping and commercial district of Westport, the property’s retail and office spaces are highly desirable.” 

“Washington Trust provided the best financial tools with great follow up and detail to make this investment opportunity a seamless acquisition,” said Jodi Oh, a principal of Accel International.

Iowa's Millhiser Smith Agency, The Accel Group to Merge

The merger is the culmination of years of strategic planning and diversification that was fueled by the growing demand for personalized risk management solutions, ranging from personal, business and agribusiness insurance solutions, to financial planning and employee benefits.

The new entity will continue to be run by the same experienced management groups that are in place at each respective company, and will retain their offices in Cedar Falls, Waverly and Cedar Rapids. Tim Gassman, president of Millhiser Smith, will serve as the CEO of the new entity, while Mike Byl, president of The Accel Group, will continue to serve in that capacity.

While each company has similar portfolios of business and personal insurance solutions, The Accel Group also offers agribusiness solutions, wealth management and employee benefits. In addition, Millhiser Smith has a robust risk management solutions division, powered by its proprietary DISCOVERisk process, that the unified company will now be able to leverage.