Wells Fargo Insurance Services Inc., a subsidiary of Wells Fargo & Co., announced that it had signed a definitive agreement to buy Rogers & Belding Insurance Agency Inc., a single-office agency in El Paso, and its subsidiaries.
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Rogers & Belding, founded in 1933, offers business and personal insurance, employee benefits, and risk management services. The price of the deal, which is expected to close this year, will not be disclosed, Wells said on Monday.
Wells Fargo Insurance Services, formerly Acordia Inc., is the fifth-largest insurance brokerage and the largest bank-owned insurance brokerage in the United States, with more than 150 offices in 38 states.
