Add-on Acquisition • Insurance

Northeast Bank Acquires Sargent Insurance Agency

On January 21, 2005, Northeast Bank acquired insurance company Sargent Insurance Agency

Acquisition Context

This is Northeast Bank’s 1st transaction in the Insurance sector.
This is Northeast Bank’s 1st transaction in the United States.
This is Northeast Bank’s 1st transaction in Maine.

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M&A Deal Summary
Date	January 21, 2005
Target	Sargent Insurance Agency
Sector	Insurance
Buyer(s)	Northeast Bank
Deal Type	Add-on Acquisition

Target Company

Sargent Insurance Agency

Rangeley, Maine, United States

Sargent Insurance Agency is a provider of insurance brokerage services.

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Buyer Overview 1

Buyer

Northeast Bank

Portland, Maine, United States

Category	Company
Founded	1872
Sector	Financial Services
Employees	182
Revenue	151M USD (2024)

DESCRIPTION

Northeast Bank is a provider of full-service community bank serving Western, Central, and Southern Maine. Northeast bank was founded in 1872 and is based in Portland, Maine.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Insurance	1 of 1
Type: Add-on Acquisition	1 of 1
State: Maine	1 of 1
Country: United States	1 of 1
Year: 2005	1 of 1

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