Ameriana Bancorp to Sell Ameriana Insurance Agency to Indiana Group
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
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