FOR IMMEDIATE RELEASE
Contact: Chad Yoder, email@example.com
FIFS, LLC reaches agreement to purchase the insurance division
of Penn Community Bank
TELFORD, PA (January 7, 2020) – Franconia Insurance & Financial Services (FIFS) announces today that it has reached an agreement to purchase the insurance division assets of Penn Community Insurance, from Penn Community Bank.
The sale will be in the first quarter of 2020. All clients of Penn Community Insurance will become clients of FIFS, LLC.
“We are pleased to welcome the clients of Penn Community Insurance to the FIFS family,” said Co-Partner Kyle Zehr of FIFS. “Like Penn Community Bank, we are committed to developing long-term relationships that support our clients through all stages of life. As insurance industry experts and professionals, we look forward to developing those relationships with our newest clients.”
Since 1994 FIFS has provided services and built strong relationships with individuals, families, and businesses in Bucks and Montgomery counties. Serving these new clients is an opportunity to develop the relationship already established by Penn Community Insurance. Members of Penn Community Insurance will be joining FIFS, which will ensure a smooth transition for every client.
“We want to ensure that our insurance customers are in the best local and professional hands possible as the world of insurance continues to grow more competitive and complex,” said Jeane M. Vidoni, Penn Community Bank’s president and CEO. “Along with sharing our community values, FIFS offers the efficiencies and focus that a leading independent insurance agency can provide, and they share our commitment to delivering excellent customer service. As the region’s largest mutual bank, we will continue our mission of providing financial resources that help our business and personal customers thrive.”
Both FIFS and Penn Community Bank ensure a smooth transition for Penn Community Insurance customers.
About FIFS, LLC: FIFS, LLC, a Pennsylvania-based agency offering business and personal insurance; employee benefits; and financial services is a member of the Keystone Insurers Group, the third-largest agency partnership in the United States. This partnership provides FIFS clients with more comprehensive coverage options than most independent agencies and affordable solutions to meet their evolving needs.
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