Towne Insurance Agency announced the acquisition of Lockhart Insurance, a full-service, independent agency located in Charlotte, NC. Lockhart Insurance has a long history of tailoring insurance policies to the needs of their clients – whether it be home, auto, or business insurance.
“Lockhart Insurance was launched by my family as the Charles W. Lockhart Agency on July 1, 1972,” said Gregg Lockhart, president of Lockhart Insurance. “For 50 years, we have been dedicated to serving the insurance needs of indivuduals, families, and businesses in Charlotte and we are so excited to take this next step forward in expanding services available to our clients through our partnership with Towne.”
“Lockhart Insurance shares in Towne’s philosophy of serving others and enriching lives,” said W. Douglas Russell, president and CEO of Towne Insurance. “They have been a fixture in the Charlotte community for decades and have served their neighbors well. We welcome the team at Lockhart to Towne and are excited to continue growing our presence in Charlotte.”
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.
“We are pleased to welcome Lockhart Insurance to the Towne family,” said Jim Clement, Towne Insurance president of North and South Carolina. “Lockhart clients will continue to receive the individualized, caring service they have come to expect from the Lockhart team with the addition of the expanded technology, carrier options, and services that Towne brings.” Since entering the Carolinas in the fall of 2011, Towne Insurance has completed ten acquisitions in the region. Lockhart will continue operating under its present name 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.
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