Tompkins Insurance Expands in Batavia with Acquisition
06 Januar 2016 - 6:15PM
Business Wire
Tompkins Financial Corporation (NYSE MKT:TMP)
Tompkins Financial Corporation has announced the acquisition of
Shepard, Maxwell & Hale Insurance by Tompkins Insurance
Agencies, Inc., an affiliate of the financial corporation. The
acquisition was effective January 1, 2016.
“We are happy to continue to grow our business in Batavia and
serve our neighbors through this expansion,” said David S. Boyce,
President and CEO of Tompkins Insurance.
The change is a win-win for customers, said Boyce. “In addition
to continuing to receive personal attention from local insurance
professionals who place a high value on customer service, customers
will have “one stop shopping” access to the comprehensive array of
financial solutions offered by our affiliation with Tompkins Bank
of Castile and Tompkins Financial Advisors.”
According to Boyce, Daniel G. Hale and Stephen S. Maxwell, will
remain with the agency. Most current employees will be retained in
the merger and will continue to service accounts. The Batavia
location of Shepard, Maxell & Hale will close and move
operations to the Tompkins Financial Center at 90 Main Street on or
about February 1, 2016. The Hamlin office will continue to operate
at its current location for the time being. Effective February 1,
clients of Shepard, Maxell & Hale may receive service at any of
the 28 locations throughout New York and Pennsylvania, including
the 16 locations in western New York.
“This acquisition is consistent with the growth strategy we have
for our company,” said Steve Romaine, Tompkins Financial
Corporation president and CEO. “It is a positive move that enhances
our ability to further grow our business in Batavia and western New
York and offer the value-added products and services of the
Tompkins Financial family,” he said.
Tompkins Insurance serves 30,000 personal insurance customers
and 7,600 commercial insurance customers, making it the 3rd largest
commercial insurance firm in the Rochester area and the 82nd
largest agency in the country. The acquisition will add the
approximately 4,000 Shepard, Maxwell and Hale accounts to its
customer base.
Established in 1957, Shepard, Maxell & Hale has a long
history of serving western New York through its two offices in
Batavia and Hamlin. The merger with Tompkins Insurance makes sense
for customers, according to Hale. “Along with continuing to receive
top-notch service, our customers will see additional benefits like
access to 24/7 claims service 365 days a year, and more price and
product options offered through Tompkins’ relationship with 50+
leading insurance companies.“
About Tompkins Financial Corporation
Tompkins Financial Corporation is a financial services company
with $5.5 billion in assets serving the Central, Western and Hudson
Valley regions of New York and the Southeastern region of
Pennsylvania. Headquartered in Ithaca, NY, Tompkins Financial is
parent to Tompkins Trust Company, Tompkins Bank of Castile,
Tompkins Mahopac Bank, Tompkins VIST Bank, Tompkins Insurance
Agencies, Inc., and offers wealth management services through
Tompkins Financial Advisors. For more information on Tompkins
Financial, visit www.tompkinsfinancial.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160106006345/en/
Tompkins Financial CorporationStephen S. Romaine, (888)
503-5753President & CEO
Tompkins Financial (AMEX:TMP)
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