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4/10/2013 NEWS: BancInsure parent sells firm for $1 and files bankruptcy. After struggling since the onset of the last financial crisis, BancInsure, an Oklahoma City-based company that insures banks and other financial institutions, has changed hands, and its former parent company has filed for bankruptcy. Oklahoma City-based BMSI Holdings Inc. filed for Chapter 7 bankruptcy. The holding company sold BancInsure, its primary remaining asset, for $1 to New York-based financial services company Foster Jennings Inc.

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