Wells Fargo Insurance Services has acquired American Med-Scan. The company said that the acquisition adds to its Indiana presence: 38 banking stores, 10 mortgage stores, 15 consumer finance stores, a regional commercial banking office and five insurance brokerage offices.

Company shareholder Fred Day and four American Med-Scan team members will continue their responsibilities with Wells Fargo Insurance Services, folding their existing operations into the Wells Fargo Indianapolis office. Terms of the transaction were not disclosed.

Dave Zuercher, president and CEO of Wells Fargo Insurance Services, said: We’ve grown to become one of America’s largest insurance brokerage companies by combining our national resources with great local agencies like American Med-Systems. We’ll continue to look for agency acquisitions that fit our vision, values and geographic needs.

Mr Day said: We’re pleased to join a well-respected organization that will enable us to expand the insurance and risk management solutions we deliver to our customers. Our customers will receive the same great service from the same team of committed professionals, but they’ll now have access to a broader range of resources and services to help them succeed financially.