Wesbanco Inc. has a deal to buy Hunter Insurance Agency, Fairmont, W.Va., for an undisclosed amount of stock.
The deal, slated to close in the second quarter, would mark the Wheeling, W.Va.-based banking company's entry into insurance sales. Hunter, which sells life, casualty, and commercial insurance, was founded in 1937.
"The addition of insurance products affords Wesbanco the opportunity to provide our customers with a full array of financial products and services," said Edward M. George, president and chief executive officer of $2.2 billion-asset Wesbanco.
Mr. George said all of Hunter's employees will be asked to continue after the sale. Bruce D. Martin, Hunter's president, will lead the agency after it becomes a Wesbanco subsidiary.