Nevada company acquires S.L.-based First Continental

Nevada-based Millenium Holding Group Inc. said Wednesday it has acquired First Continental Life & Accidental Insurance Co.

Terms were not disclosed.

First Continental is a life, health and annuity insurance company based in Salt Lake City. A wholly owned subsidiary of Wasatch Crest Group Inc., a holding company for several insurance companies, First Continental has total assets of more than $4 million.

Millenium, an early-stage financial services company, said it is securing additional funding for complimentary acquisitions, working capital, branding/marketing efforts, management additions and other growth initiatives. Future acquisitions may include a national bank and/or broker dealer, it said.