One Valley Bancorp of Charleston, W.Va., has agreed to acquire Carson Insurance Agency.One Valley will pay cash and stock for the agency, which is also in Charleston. Terms of the deal, which is expected to close in mid-January, were not disclosed. Beginning in the second quarter, One Valley will offer property and casualty insurance to its commercial customers by referring them to Carson agents, said Laurance G. Jones, executive vice president and chief financial officer of the $6.4 billion-asset bank holding company.

The company plans to eventually integrate group life insurance into its trust department offerings and sell property and casualty insurance in its branches, Mr. Jones said.

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