Texas Regional Bank in Harlingen, Texas, has entered into insurance brokerage after buying an agency.
The $2.5 billion-asset bank said in a press release that it bought Mission Duncan Insurance in Mission, Texas, on Dec. 2. The price wasn’t disclosed.
Ryan Newman, who joined the bank in June to form an insurance division, will run the rebranded TRB Insurance.
“We couldn’t have asked for a better partner,” said Keith Padilla, CEO of Mission Duncan.