Waypoint acquires Owen Insurance Agency

December 5, 2000

Waypoint Financial, the parent company for Waypoint Bank has completed its acquisition of the Owen Insurance Agency, one of the area’s largest independent insurance agencies.

Owen offers a full range of property and casualty insurance, employee benefits and other insurance products to individuals and businesses from its offices in York and Camp Hill, Penn. The agency, which generates about $20 million in annual premium revenues, will continue to operate as Owen Insurance under the direction of A. Thomas Owen.

Waypoint currently has 90 licensed sales professionals who can offer life insurance, annuity or mutual funds products.

Waypoint Financial was formed in October of this year when Harris Financial, the holding company for Harris Savings Bank and York Financial, parent company of York Federal Savings and Loan were merged. Waypoint Bank, Waypoint Trust and Investment Services, Waypoint Brokerage and Waypoint Insurance are now joined by the Owen Insurance Agency as members of the Waypoint family. W.F.G. Capital Services is another affiliate that provides a full range of investment banking and consultation services for businesses.

Waypoint Bank has 58 branch locations in 5 counties insouthcentral Pennsylvania and 3 counties in northern Maryland. Waypoint Bank has $4.6 billion in assets and ranks second in deposit share within its Pennsylvania market area.

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