M&A Deal Summary

Northeast Bank Acquires Sargent Insurance Agency

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

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 2005-01-21
Target Sargent Insurance Agency
Sector Insurance
Buyer(s) Northeast Bank
Deal Type Add-on Acquisition

Target

Sargent Insurance Agency

Rangeley, Maine, United States
Sargent Insurance Agency is a provider of insurance brokerage services.

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Buyer(S) 1

Buyer

Northeast Bank

Portland, Maine, United States
Category Company
Founded 1872
Sector Financial Services
Employees182
Revenue 121M USD (2023)
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 STATS #
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
Mergr

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