Insurance broker Arthur J. Gallagher has sold its Springfield, Mo., office to BancorpSouth Insurance Services Inc. Terms of the deal were not released.
Purchase of the office, a part of Gallagher's Risk Management Services Inc., was announced by BancorpSouth Insurance, a subsidiary of BancorpSouth Bank, headquartered in Tupelo, Miss. The transaction was effective Dec. 31.
BancorpSouth said the agency will operate as the Southwest Missouri Insurance Group, a division of BancorpSouth Insurance, at its current location in Springfield. The existing staff is expected to remain.
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