Industries Insurance

Towne Insurance acquires North Carolina agency

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Towne Insurance Agency, a division of Hampton Roads-based TowneBank, has acquired Clement Cos., a Greenville, N.C.-based insurance agency.

Company officials said the move continues Towne Insurance’s expansion into North Carolina.

Clement provides a variety of risk management and insurance products to customers from Eastern North Carolina to Raleigh.

TowneBank operates 26 banking offices in Virginia and North Carolina.

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