Bank Quintet Buys Half of Ohio Insurance Outfit

Four Ohio community banks and one in Indiana have teamed up to purchase 50% of an Ohio insurance company for $28 million.

Delaware County Bank and Trust, Eaton National Bank and Trust, Ohio Valley Bank, and Ohio Heritage Bank, along with Richmond, Ind.-based First Bank Richmond bought the property and casualty specialty lines group Century Surety Co. from Century Business Services Inc. of Cleveland.