UCFC Completes Acquisition of James & Sons Insurance
YOUNGSTOWN, Ohio – United Community Financial Corp., holding company of The Home Savings and Loan Co., announced today that it completed its acquisition of James & Sons Insurance on Jan. 29.
Said Gary M. Small, president and CEO of Home Savings and UCFC, in a prepared statement, “I’d like to thank the management teams of Home Savings and James & Sons for all their efforts in closing the deal within a week of announcement. Again, we are very pleased to be partnering with the James & Sons organization. In the coming months, we will be working on integrating James & Sons with Home Savings in order to maximize this tremendous opportunity.”
This transaction marks the initial step in the formation of The Home Savings Insurance Group. Small said. Home Savings looks forward to expansion of the insurance business via organic growth coupled with a selective acquisition strategy, he explained.
James & Sons Insurance is a local insurance agency established in 1921. Operating independently, the company works with regional and national insurance companies offering coverage at the most competitive rates available. James & Sons offers a wide variety of insurance products for business and residential customers, which include, auto, homeowners, life-health, commercial, surety bonds, aviation and much more.
As a wholly-owned subsidiary of United Community Financial Corp., Home Savings operates 31 full-service banking offices located throughout Ohio and western Pennsylvania.
Copyright 2024 The Business Journal, Youngstown, Ohio.
