Peoples Heritage to give the insurance business purchase
Peoples Heritage Financial Group Inc. (NASDAQ: PHBK) announced today that it has signed a declaration of intent to purchase Maine’s largest insurance agency, Morse, Payson & Noyes Insurance. Morse, Payson & Noyes, with $ 125 million in policy premiums and 145 employees, as a subsidiary of the bank, people Heritage Bank. The insurance company management team and sales staff is still in force.
Morse, Payson & Noyes in 1910, is one of the 60 largest private insurance agencies in the country and the largest insurance broker in Maine
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