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.
Florida Citizens Awards Commercial Clearinghouse Management to Bridge Specialty 
AIG Executive Chair and Former CEO Zaffino Set to Exit for Palantir 
Judge Throws Out Bulk of Economic Claims Over Baltimore Bridge Tragedy 
As AI Agents Go Rogue, Cyber Insurers Are Adapting Their Policies 
