Time for the almost daily “Wells Fargo (WFC) expands insurance operations” post.
Wells Fargo announced today that it has acquired the assets of Three Bridges, New Jersey’s Herder – Tarricone Associates. Already a major private employer in New Jersey, Wells Fargo has 680 team members serving banking, insurance and financial services customers in 40 communities across the state.
Herder – Tarricone Associates provides a range of corporate coverages, employee benefits and financial services products to both businesses and individual customers. Shareholders Peter Tarricone, Chris Tarricone, Karen Tarricone and their team will continue to be based in Hunterdon County, NJ. Terms of the transaction were not disclosed.
“We’re excited to offer expanded resources, services and support to Herder – Tarricone Associates’ customers,” said Gary J. Tully, head of Wells Fargo Insurance Services Northeast, Inc. “Their firm is well known and highly respected in the local business community and they’ll be a tremendous addition to our growing operations in New Jersey and across the Northeast.”
“We’re delighted to join such a well respected organization that lets us broaden and strengthen the products, services and solutions we deliver to our customers,” said Peter Tarricone. “Our customers will receive the same great local service from the same committed professionals, plus they’ll have access to a wider range of resources and services to help them succeed financially.”
“We’ve grown to become one of America’s largest insurance brokerage companies by combining our national resources with great local agencies like Herder – Tarricone Associates,” said Dave Zuercher, president, chairman and CEO of Wells Fargo Insurance Services. “We’ll continue to look for agency acquisitions that advance and strengthen our vision, values and geographic interests across the country.”
Disclosure (“none” means no position):Long WFC
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