Ameriana Bancorp announced it has agreed to sell Ameriana Insurance Agency (AIA) to Pfenninger, Claxton and Estelle Insurance Group of New Castle, Ind.
The transaction value is $1,950,000 and is expected to close in the fourth quarter of 2015, subject to the satisfaction of various closing conditions.
Ameriana Bancorp is a bank holding company. In addition to Ameriana Insurance Agency, subsidiaries include Ameriana Bank and Ameriana Financial Services, which offers securities and insurance products through LPL Financial.
Source: Ameriana Bancorp
Was this article valuable?
Here are more articles you may enjoy.
Zurich Insurance’s Beazley Bid Sets the Stage for More Insurance Deals 
Maine Plane Crash Victims Worked for Luxury Travel Startup Led by Texas Lawyer 
Uber Jury Awards $8.5 Million Damages in Sexual Assault Case 
Trump’s Repeal of Climate Rule Opens a ‘New Front’ for Litigation 
