HARRISBURG, Pa. - Waypoint Financial, the parent of Waypoint Bank, has closed its purchase of the Owen Insurance Agency, the company said this week.
Owen Insurance offers a full range of property and casualty insurance, employee benefits, and other insurance products to individuals and businesses; it has offices in York and Camp Hill, Pa. The agency generates about $20 million of premium revenue a year and will continue to operate as Owen Insurance under the direction of A. Thomas Owen.
Waypoint has 90 licensed sales professionals who can offer life insurance, annuity, or mutual fund products in its branches. Robert W. Pullo, co-chairman of Waypoint, said in a statement Monday that the deal for the property-casualty agency complements these other offerings.
The banking company was formed in October when Harris Financial, the holding company for Harris Savings Bank, and York Financial, parent of York Federal Savings and Loan, merged. Waypoint Bank, Waypoint Trust and Investment Services, Waypoint Brokerage, and Waypoint Insurance are its subsidiaries.
Waypoint Bank has 58 branches in five counties of south-central Pennsylvania and three counties of northern Maryland. It has $4.6 billion of assets and ranks second in deposit share within its Pennsylvania market area.