Northeast Bank Insurance Group Inc. said it has acquired the Palmer Insurance Agency of Turner, Maine.
Opened in 1991, Palmer Insurance Agency offers complete lines of property-casualty insurance. Palmer has six employees and generated $4 million in gross premiums over the past year.
"We expect a smooth transition; our technology platforms are similar as are our cultures," said Craig Sargent, president of Northeast Bank Insurance. "Palmer is exactly the type of agency we were looking for, with a focus on the community delivering needs-based insurance programs."
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