Community Banks Inc. reported that it reached definitive agreement to acquire Wiley Insurance Agency Inc., located in Mt. Joy, Pennsylvania. Pending necessary approvals, the transaction is expected to be consummated in the second quarter of 2006.
Pursuant to the agreement, Wiley will become a part of CommunityBanks Insurance Services LLC, and will continue to operate as Wiley Insurance Agency. Upon consummation of the acquisition, Michael Hotchkiss, president of Wiley, will become the chief operating officer of CommunityBanks Insurance Services.
Community Banks Inc. is the parent company of CommunityBanks, which operates 72 banking offices throughout central and eastern Pennsylvania, and northern Maryland. In addition to banking services, CommunityBanks offers complete insurance, investment, trust & asset management and title & settlement services.
Was this article valuable?
Here are more articles you may enjoy.
10,000 Travelers Employees Get AI Assistants Via Anthropic Partnership 
LA Fire Survivors Got a Rude Surprise That Could Hit More Americans 
Florida Lawmakers Ready for Another Shot at Litigation Funding Limits 
DoorDash, Uber Cost Drivers $550 Million in Tips, NYC Says 
