Maine’s Hyler Agency is Northeast Bank’s 6th Acquisition Within Year

Maine’s Northeast Bank Insurance Group, Inc., a wholly-owned subsidiary of Lewiston-based Northeast Bank, continues to grow its footprint in Maine, this time in Thomaston, with the purchase of Hyler Agency.

The Hyler Agency, family-owned and located in Thomaston, joined Northeast Bank Insurance Group and represents $2.4 million in premiums, 2,700 customers and three employees, according to the firms.

Founded in 1963 by Raymond Pinkham, today the Hyler Agency is owned by Pinkham’s daughter and husband, Luann and Edwin “Buddy” Hyler.

Northeast Bank Insurance Group, Inc. has completed six agency
acquisitions in just over a year, most recently Spence & Mathews
Insurance in southern Maine and New Hampshire and Hartford Insurance Agency in Lewiston. The company now operates 14 insurance offices throughout western, central, mid-coastal and southern Maine in Anson, Auburn, Augusta, Bethel, Berwick, Jackman, Livermore Falls, Mexico, Rangeley, Scarborough, South Paris, Turner, and now in Thomaston; and in Rochester, N.H.

Source: Northeast Bank Insurance Group, Inc. and Northeast Bank
www.northeastbank.com

Topics Mergers & Acquisitions Maine