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Ameriana Closes Purchase Of Chapin-Hayworth

Chapin-Hayworth’s Ruth Hayworth, Gail Byers and Chris Griggs were relocated to Ameriana Insurance office at Bundy Avenue

Ameriana Bancorp (ASBI), parent company for Ameriana Bank, has declared that its Ameriana Insurance Agency has purchased the book of business of the Chapin-Hayworth Insurance Agency. Chapin-Hayworth is a multi-line property and casualty insurance agency located in New Castle.

Chapin-Hayworth Insurance agents Ruth Hayworth and Gail Byers and customer service representative Chris Griggs have relocated to the Ameriana Insurance office on Bundy Avenue. They will serve their existing clients from new location.

Jerome Gassen, President and Chief Executive Officer, Ameriana Bancorp, said: “For the Company, this transaction sets the stage for enhanced growth opportunities in our insurance business. For customers, it combines the resources and capabilities of two of Henry County’s leading professional insurance agencies, which will work together to better serve our customers.”

The company said that as Chapin-Hayworth Insurance clients will still have the Chapin-Hayworth Insurance agents they are used to working with, customers will be unaffected by the purchase.