Tupelo, Miss.-based BancorpSouth Insurance Services Inc., a subsidiary of BancorpSouth Bank, said Monday it has signed a deal to buy JMG/IC Insurance Agency Inc., of Nacogdoches, Texas.
Terms of the deal were not disclosed.
Joe Max Green, chairman of JMG/IC Insurance Agency, said the agency will be able to expand its services to its customers and remain competitive.
JMG/IC was founded in 1962 and has written premiums of more than $100 million. The agency operates in Itasca, Ill.; and in Houston, Livingston, Tyler, Henderson and Athens in Texas.
The agency’s major lines of business include, commercial, group, personal, surety, life and health insurance products.
BancorpSouth Bank is a wholly owned subsidiary of BancorpSouth Inc. with $13.2 billion in assets. It is headquartered in Tupelo, Miss., with branches in Alabama, Arkansas, Florida, Louisiana, Missouri, Tennessee and Texas.
On the Net:
BancorpSouth, http://www.bancorpsouth.com
Was this article valuable?
Here are more articles you may enjoy.
Meta Loses Insurance for Defense in Major Social Media Addiction Litigation 
Georgia Insurance Law Is About to Get an Upgrade With Multiple Changes 
Travelers Stranded by War Learn Insurance Won’t Cover Flight Cancellations 
Zurich Insurance and Beazley Agree to $10.9B Cash Acquisition 
