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TowneBank acquires WT Chapin insurance agency

TowneBank has completed the acquisition of Virginia-based insurance agency W T Chapin.

Following this acquisition, WT Chapin will affiliate with TowneBank’s subsidiary Towne Insurance Agency.

Established in 1890, WT Chapin Insurance offers insurance and bonding services to a distinguished client list throughout Hampton Roads.

Towne Insurance Agency was formed in 2001 when Kellam, Eaton and Huey and the Chesapeake Agency joined together to lead the entry of TowneBank into the insurance business.

Since then, six other agencies have affiliated with Towne including the Taylor Johnson Group, TFA Benefits, the Brooks Agency, Johnson and West, Benefit Design Group and the Weber-Pyle Agency.

TowneBank chairman and CEO Robert Aston said that the quality and professionalism of the Chapin staff will allow TowneBank to expand the services available to bank and insurance clients while continuing the focus on providing exquisite service.