Wells Fargo Insurance Services, a bank-owned insurance brokerage and a subsidiary of Wells Fargo & Company, has acquired the assets of Herder-Tarricone Associates, a provider of a range of corporate coverages, employee benefits and financial services products.

Herder-Tarricone Associates has 680 team members serving banking, insurance and financial services customers in 40 communities across the US. Shareholders Peter Tarricone, Chris Tarricone, Karen Tarricone and their team will continue to be based in Hunterdon County, New Jersey. Terms of the transaction were not disclosed.

Gary Tully, head of Wells Fargo Insurance Services Northeast, said: We’re excited to offer expanded resources, services and support to Herder-Tarricone Associates’ customers. Their firm is well known and highly respected in the local business community and they’ll be a tremendous addition to our growing operations in New Jersey and across the Northeast.