A Maryland based financial services company said it has purchased two insurance agencies with the aim of growing its geographic scope and insurance revenue, and entering the wholesale insurance business.
Easton, Md.-based Shore Bancshares Inc. said its has acquired TSGIA Inc. & Subsidiaries of Salisbury, Md., and Jack Martin & Associates Inc. of Annapolis, Md. No financial terms were disclosed.
TSGIA is a 30 year-old regional wholesale agency with over $6.5 million in revenue and a staff of 40, Shore Bancshares said.
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