On the heels of the recently announced Palmer Insurance Agency acquisition, Northeast Bank Insurance Group, Inc., a wholly-owned subsidiary of Maine-based Northeast Bank, has acquired a second insurance agency in less than a week.
Closing the deal on December 1, Sturtevant and Ham Insurance located in Livermore Falls will now operate under the Northeast Bank Insurance Group, Inc. umbrella.
Sturtevant and Ham has three employees and generated close to $2 million in gross property casualty premiums over the past year.
Northeast Bank Insurance Group, Inc. now operates 10 insurance offices throughout western and central Maine including Anson, Auburn, Augusta, Bethel, Jackman, Mexico, Rangeley, South Paris, Turner and now Livermore Falls.
Source: Northeast Bank Insurance Group, Inc.
www.northeastbank.com
Topics Mergers & Acquisitions Maine
Was this article valuable?
Here are more articles you may enjoy.
Update: Beryl Rakes Mexico’s Yucatan With Hurricane Winds and Heavy Rain 
Commercial Lines Not at Top of Cycle; ‘Thieves’ Fuel Social Inflation: CEOs 
Progressive to Pay $48M to New York Drivers Over Underpaid Total Loss Claims 
NCCI Identifies ‘Big 3′ Workers’ Comp Issues to Watch 
