Home Savings and Loan holding company acquires James & Sons Insurance

United Community Financial Corp. (Nasdaq: UCFC), holding company of The Home Savings and Loan Company, announced that it completed its acquisition of James & Sons Insurance on Jan. 29, 2016.

This transaction marks the initial step in the formation of The Home Savings Insurance Group. Representatives from Home Savings said the financial institution looks forward to expansion of the insurance business “via organic growth coupled with a selective acquisition strategy.”

James & Sons Insurance is a local insurance agency established in 1921. James & Sons offers a variety of insurance products for business and residential customers, which include, auto, homeowners, life-health, commercial, surety bonds, aviation and much more. For more information on the agency visit http://www.jamesandsonsins.com/

As a wholly-owned subsidiary of United Community Financial Corp., Home Savings operates 31 full-service banking offices located throughout Ohio and western Pennsylvania. Additional information on UCFC and Home Savings may be found at www.ucfconline.com.

“I’d like to thank the management teams of Home Savings and James & Sons for all their efforts in closing the deal within a week of announcement,” said Gary M. Small, president and CEO of Home Savings and UCFC. “Again, we are very pleased to be partnering with the James & Sons organization. In the coming months, we will be working on integrating James & Sons with Home Savings in order to maximize this tremendous opportunity.”

© 2016 Metro Monthly. All rights reserved.

 

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