The Hilb Group LLC acquires NPB Insurance Services Inc.
Richmond-based The Hilb Group announced Thursday it has acquired NPB Insurance Services Inc. in Bristol. Financial terms of the deal, which were finalized July 1, were not disclosed.
NPB Insurance Services Inc. is a wholly-owned subsidiary of New Peoples Bank Inc., a bank that has offices in Southwest Virginia, West Virginia and Tennessee.
NPB Insurance Services Inc. sells personal, business, disability and life insurance to individual and commercial clients throughout Southwest Virginia, Northeast Tennessee and surrounding states.
As a part of the deal, current customers of NPB Insurance Services Inc. will be serviced by The Hilb Group. New Peoples Bank will refer future insurance customers to The Hilb Group’s Abingdon operations.