Ascension Insurance Inc., a Kansas City, Mo.-based insuranceagency, announced the acquisition of Charlotte, N.C.-based FirstCharter Insurance Services Inc. from Fifth Third Bank Corp.Transaction terms were not released.
First Charter will be renamed Ascension Insurance Agency Inc., afull-service insurance agency offering property-casualty, employeebenefits services and personal lines insurance.
Ascension said First Charter is North Carolina's third largestdomiciled insurance agency with 90 employees and four offices, andis licensed in 25 states.
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