ING acquires Sharebuilder

ING Direct to Acquire Sharebuilder

ING Direct will spend $220 million in cash to buy Sharebuilder, a unique Bellevue, WA-based discount brokerage, with upwards of 2 million accounts across 660,000 customers ....

Many (most??) of Sharebuilder's accounts have come through co-branded programs with 40 banks and 140 credit unions including National City Bank and Boeing Employees Credit Union. It's biggest brand name partner is Wells Fargo, which not coincidentally, is also an investor in the company.

Comment: Wow! Sharebuilder is a great service!