OVERLAND PARK, Kan. – No that headline does not contain a typo. Corporate Network Brokerage Services (CNBS) is going to keep the acronym but drop the words it stands for and officially change its name to CNBS. This comes on the heels of CNBS offering natural person CUs an investment opportunity in the firm as well as offering corporate CUs a chance to buy back their ownership stake in CNBS. With plans not to be owned by just corporates any more, the Corporate Network Brokerage Services name isn't as accurate as it once was. CNBS did not want to drop the name or the logo because of brand recognition CNBS offered its corporate CU owners the opportunity to buy back shares because they are becoming direct competitors with CNBS by offering broker/dealer services through partnership with U.S. Central's Investment Solutions Inc. subsidiary or by starting their own broker/dealer CUSO. Empire Corporate, SunCorp and Georgia Central CU are among the CNBS owners that plan to sell their stake in the firm.
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