First Insurance & Investments, a subsidiary of First Defiance Financial, has acquired the business of Ohio-based Payak-Dubbs Insurance, an independent property and casualty insurance agency with two office locations based in Maumee and Oregon, Ohio.
First Defiance Financial said the acquisition adds to the firm’s community financial services platform in northwest Ohio, southeast Michigan and northeast Indiana, which includes 33 First Federal Bank of the Midwest locations as well as the First Insurance & Investments offices in Defiance, Bowling Green, Bryan and Archbold.
First Defiance chairman, president and CEO William Small said Payak-Dubbs has a strong community presence in both Maumee and Oregon. It has a solid base of clients that will be a good complement to the company’s existing franchise.
First Insurance & Investments CEO Donald Hileman said most importantly, the existing agents and staff will remain in place in their current offices with the staff and clients of Payak-Dubbs for a seamless transition.
"John and Marty join the management team and assist in the development of the First Insurance brand in our market area," Hileman said.