5/27/2014 10:30 AM | 1 Comments

FOR IMMEDIATE RELEASE

CONTACT:

Andrew Ravens
Eastern Bank
781-598-8528
James S. Smith
Smith Buckley & Hunt
508-586-5432

 

NATICK, April 24, 2014 - Eastern Insurance Group, LLC has acquired Smith Buckley & Hunt, a highly respected insurance agency based in Brockton.

The deal, which combines two independent insurance agencies with an unwavering commitment to their customers, colleagues and communities, will provide new Eastern Insurance customers with access to a broader range of insurance products and services, said Hope A. Aldrich, President and CEO of Eastern Insurance.

“We are excited to welcome Smith Buckley & Hunt and its customers to the Eastern Insurance family,” said Aldrich, President and CEO of Eastern Insurance.  “Smith Buckley & Hunt has an excellent reputation for superior customer service and products, making it a perfect cultural fit to our organization.”

Smith Buckley & Hunt was founded in 1875 and the Smith Family has owned the agency since 1922. The principles of the agency, MacKenzie Smith, James S. Smith and Christopher Sheppard, have built an outstanding agency, which is well-known for its superior service.   

Smith Buckley & Hunt’s office at 500 Forest Street in Brockton will remain open and rebranded as an Eastern Insurance location later this year. Upon completion of the transaction, Eastern Insurance will have 24 locations in New England.

“We are proud of what we have built in providing the best insurance protection for the people and businesses of Brockton and its surrounding cities and towns,” said James S. Smith, President of Smith Buckley & Hunt.  “We believe that the choice of Eastern Insurance will serve our clients and employees extremely well.”

Following the merger, Smith will remain with Eastern Insurance, serving as Senior Vice President of Commercial Insurance.  Sheppard will continue as a Senior Vice President of sales.

For Eastern Insurance, the acquisition increases its customer base south of Boston, where it already has 10 locations. The move also further strengthens Eastern Bank’s overall position in southeastern Massachusetts. In 2012, Eastern Bank acquired The Community Bank, which was headquartered in Brockton.

“Brockton is a natural extension of the markets that we now serve, so this was an attractive opportunity to partner with a successful agency with an excellent reputation in the Metro South Region,” said Aldrich.

Eastern Insurance is the largest insurance agency headquartered in Massachusetts and the 48th largest agency in the United States.

About Eastern Insurance Group

Eastern Insurance, headquartered in Natick, is a subsidiary of Eastern Bank, the largest independent, mutually owned bank in New England with branches stretching from Merrimack Valley to Cape Cod. Eastern Insurance serves more than 70,000 individuals and businesses and provides a full range of personal and commercial insurance products, surety, and employee benefits services.  Eastern Insurance is the largest insurance agency headquartered in Massachusetts and the 48th largest agency in the country.  Eastern Insurance has completed more than 34 insurance agency acquisitions since 1994.  For more information, visit www.easterninsurance.com.

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