First Commonwealth Financial subsidiary First Commonwealth Insurance Agency (FCIA) has acquired Thompson/McLay Insurance Associates.
Based in Indiana, Pennsylvania, US, Thompson/McLay provides home, auto, commercial and specialty insurance services to various regional clients.
FCIA has acquired Thompson/McLay for undisclosed amount.
First Commonwealth Insurance Agency president Michael Bartolini said: "This partnership brings with it the addition of experienced sales and account management personnel, as well as a solid reputation among insurance carriers."
Thompson/McLay will continue to operate under the same name but as a division of FCIA.
The acquisition will allow FCIA to focus on three primary service categories — employee benefits consulting, personal and commercial property and casualty offerings, as well as client consultation on the Affordable Care Act for individuals and small firms.
Thompson/McLay founding partner Mike McLay said the transaction is a natural fit for both organizations.
"We care about our clients, and we are deeply rooted in our communities. First Commonwealth operates by these same principles while also providing an extensive selection of banking, mortgage and wealth management solutions," McLay added.
First Commonwealth Financial provides commercial banking, consumer banking, mortgage, wealth management and insurance products and services through its business units First Commonwealth Bank and First Commonwealth Insurance Agency.
Image: Thompson/McLay offers home, auto, commercial and specialty insurance services in US. Photo: courtesy of Vichaya Kiatying-Angsulee/ FreeDigitalPhotos.net.