Old National Bancorp in Evansville, Ind., announced Friday that it has agreed to buy J.W.F. Insurance Cos. Inc. of Indianapolis in a deal expected to close early this quarter. Its terms were not disclosed.
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J.W.F. Insurance is a risk management, insurance brokerage, and third-party administrator company whose acquisition would give Old National one of the largest insurance brokerage operations in the state.
ONB Insurance Group, a subsidiary of Old National, said it expects annual revenues to reach $43 million and the staff to number nearly 325 associates once the deal closes.
