Virginia Beach, VA – Towne Insurance, a wholly-owned subsidiary of TowneBank, announces the addition of Williamsburg-based Middle Peninsula Insurance Agency, Inc. Founded in 1908 and led by agency president Joe Harrow, Middle Peninsula Insurance has a long-standing local reputation for strong relationships with carriers and clients alike. Focused on client satisfaction, the agency provides personal and business insurance solutions to over 5,000 clients through their three offices located in Williamsburg, Deltaville, and Dillwyn, Virginia.
“As a part of the Towne Family, our clients will enjoy a relationship with one of the top insurance agencies based in Virginia, and will still be taken care of by the same people they have trusted for years,” said Joe Harrow, President of Middle Peninsula Insurance. “We are excited at the opportunity to expand our reach, offer more resources to our clients, and greater opportunity to our colleagues.”
Recently ranked 56th of the Top 100 Brokers by Business Insurance magazine, Towne Insurance strategically partners with select firms that carry strong reputations in their local markets and share a similar commitment to exquisite service. With this acquisition, Towne Insurance’s team will grow to more than 385 professionals, with 29 offices providing service throughout Virginia and North Carolina. Since 2001, Towne Insurance has completed 22 insurance agency acquisitions.
“We focus on partnering with agencies with strong management that demonstrates a dedication to growth and focus on building lasting relationships- we have found this with Middle Peninsula Insurance,” said F. Dudley Fulton, President and CEO of Towne Insurance. “We are very pleased to welcome Joe and his talented team to the Towne family.”
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Towne Insurance, a wholly owned subsidiary of TowneBank, is a premier insurance agency providing comprehensive solutions and risk management programs to businesses of all sizes, including property and casualty insurance, workers’ compensation, bonding, employee benefits and more. Additionally, personal lines agents specialize in home, auto, umbrella and flood insurance. Headquartered in Hampton Roads in southeastern Virginia, and serving communities from Northern Virginia, to Wilmington, North Carolina; Towne’s 380 experienced professionals work with the nation’s top-rated insurance companies to find members the right coverage at a competitive price. For more information, visit www.TowneInsurance.com.
As one of the top community banks in Virginia and North Carolina, TowneBank operates 40 banking offices serving Chesapeake, Chesterfield County, Glen Allen, Hampton, James City County, Mechanicsville, Newport News, Norfolk, Portsmouth, Richmond, Suffolk, Virginia Beach, Williamsburg, and York County in Virginia, along with Raleigh, Cary, Charlotte, Moyock, Grandy, Camden County, Southern Shores, Corolla and Nags Head in North Carolina. Towne also offers a full range of financial services through its controlled divisions and subsidiaries that include Towne Investment Group, Towne Wealth Management, Towne Insurance Agency, Towne Benefits, TowneBank Mortgage, TowneBank Commercial Mortgage, Berkshire Hathaway HomeServices Towne Realty, Towne 1031 Exchange, LLC, and Towne Vacations. Local decision-making is a hallmark of its hometown banking strategy that is delivered through the leadership of each group’s President and Board of Directors.
With total assets of $11.12 billion as of September 30, 2018, TowneBank is one of the largest banks headquartered in Virginia.
