BB&T Insurance Services said it plans to expand its Florida operation with the acquisition of Wyman, Green & Blalock Inc. of Bradenton, Fla. Terms of the deal were not released.
Founded in 1908, Wyman, Green & Blalock is the oldest independent insurance agency in greater Bradenton. It specializes in personal and commercial property insurance, liability risk management and employee benefits. The firm employs 45 persons.
The transaction is expected to be completed in early December.
The agency will keep its staff and continue to operate from its offices in Bradenton and Lakewood Ranch, Fla., under the name BB&T-Wyman, Green & Blalock.
BB&T Insurance Services already operates Florida agencies BB&T-Landrum Yaeger in Tallahassee and BB&T-Iler, Wall & Shonter in St. Petersburg and Orlando.
Wyman, Green & Blalock President Greg Bustle and Vice President Corky Taylor will continue to manage business development and client relationships while Chief Operating Officer John Laurie will serve as agency manager.
BB&T Insurance Services is a wholly owned subsidiary of Branch Banking and Trust Company, the principal subsidiary of Winston-Salem N.C.-based BB&T Corporation.
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