Towne Insurance Announces Acquisition of North Carolina Independent Agency
For more information contact:
Sara Jo Rubin, Rubin Communications Group, 757-456-5212
West End, NC (08/31/22) - Towne Insurance Agency announced the acquisition of Lee-Moore Insurance, a full-service, independent agency with locations in West End, Broadway, and Carrboro, NC. In addition to serving the insurance needs of businesses, families, and individuals, Lee-Moore has developed a specialty knowledge of insuring golf courses and the team is proud to serve many premier public and private golf course operations throughout the southeastern US.
“Lee-Moore Insurance was founded to serve the Sandhills community and beyond in 1976,” said Tyler Horney, president of Lee-Moore Insurance. “Our goal has always been to serve our clients to the best of our ability and we are excited to now offer the expanded resources that come with being a part of the Towne family.”
“When considering agencies to partner with, we not only look for knowledgeable, experienced, and reliable insurance professionals, but for those who value Towne’s mission to serve others and enrich lives,” said W. Douglas Russell, president and CEO of Towne Insurance. “Lee-Moore Insurance further expands our growing reach in North Carolina and brings a team of caring and trusted industry professionals to the Towne family to serve our members and communities.”
As the 5th-largest bank-owned agency in the nation, Towne Insurance strategically partners with select firms that carry strong reputations in their local markets and share a similar commitment to exquisite service.
“Lee-Moore clients will continue to receive the excellent service they have experienced from the exceptional Lee-Moore team,” said Jim Clement, North Carolina and South Carolina president of Towne Insurance. “We’re excited to welcome the Lee-Moore team to Towne.”
Since entering the Carolinas in the fall of 2011, Towne Insurance has completed nine acquisitions in the region. Lee-Moore will continue operating under its present name and at its present locations for the immediate future.
Towne Insurance, a wholly-owned subsidiary of TowneBank, is a premier insurance agency providing comprehensive solutions and risk management programs to businesses of all sizes, including property and casualty insurance, workers’ compensation, bonding, employee benefits, and more. Additionally, personal lines agents specialize in home, auto, umbrella, and flood insurance. Headquartered in Hampton Roads in southeastern Virginia, and serving communities across Virginia, North Carolina, and South Carolina, Towne’s over 400 experienced insurance professionals work with the nation’s top-rated insurance companies to find members the right coverage at a competitive price. For more information, visit www.TowneInsurance.com.
Founded in 1999, TowneBank is a company built on relationships, offering a full range of banking and other financial services, with a focus of serving others and enriching lives. Dedicated to a culture of caring, Towne values all employees and members by embracing their diverse talents, perspectives, and experiences.
Today, the bank operates over 40 banking offices throughout Hampton Roads and Central Virginia, as well as Northeastern and Central North Carolina – serving as a local leader in promoting the social, cultural, and economic growth in each community. Towne offers a competitive array of business and personal banking solutions, delivered with only the highest ethical standards. Experienced local bankers providing a higher level of expertise and personal attention with local decision-making are key to the TowneBank strategy. Towne has grown its capabilities beyond banking to provide expertise through its controlled divisions and subsidiaries that include Towne Wealth Management, Towne Insurance Agency, Towne Benefits, TowneBank Mortgage, TowneBank Commercial Mortgage, Berkshire Hathaway HomeServices Towne Realty, Towne 1031 Exchange, LLC, and Towne Vacations. With total assets of $16.86 billion as of June 30, 2022, TowneBank is one of the largest banks headquartered in Virginia.