Offers current Philadelphia Area Bank suggest companies’ taste for insurance
It ’s not the kind of thing you buy from a window pane.
But New Jersey and Pennsylvania bankers believe they have found a product aimed at increasing profit margins: Business-insurance.
Yesterday, First Union Corp. announced that the purchase Wayne, NJ-based tribes Cos., an insurance business and workers and benefits Agency, which also sells policies in Pennsylvania and New York, at a price unknown.
It follows the summits Bancorp. ‘purchase of the January Meeker Sharkey Financial Group; PNC Bank in May announcement of a public sale Deal exchanged Hilb, Rogal and Hamilton; Mellon Bank in 1998, the purchase of Clair Odell Group, Commerce Bancorp and the acquisition of all other commercial brokerage Philadelphia apparently that was not nailed
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