Kish Insurance, a subsidiary of Kish Bank, has reached an agreement to purchase Sausman Insurance Agency, which is based in Mifflintown, Pennsylvania.
Financial terms of the transaction have not been revealed by the companies.
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Sausman Insurance Agency, which was founded in 1946, offers insurance coverage for the residents of Central Pennsylvania.
The agency offers auto, motorcycle, boat, home, fire and flood insurance policies under personal insurance.
For businesses, the insurer offers commercial auto, property, employment practices liability, workers’ compensation, professional liability, farm insurance and church insurance.
Sausman Insurance Agency will continue to operate from its office in Mifflintown under the same name following the completion of the deal. However, it will operate as a division of Kish Insurance.
Sausman Insurance Agency’s owner and principal Timothy Burris will continue to manage the daily operations of the office.
He will serve as a vice president of Kish Bank and will work closely with Kish Insurance CEO Jeff Wilson and the rest of the Kish Bank executive team.
The acquisition is slated to complete at the end of this month.
Kish Bank chairman and CEO and Kish Insurance chairman William Hayes said: “We are thrilled that Tim Burris and his team will be joining the Kish family.
“They have established a great reputation for service and client focus and have achieved and sustained a leading market share in Juniata County.
“The combined resources of our two agencies will significantly expand the solutions we can deliver to our individual and business insurance clients.
“We also look forward to introducing the full line of Kish’s banking, wealth, travel, and benefits consulting services to the businesses and families of Juniata County.”
