Towne Insurance Announces Acquisition of Spartanburg Independent Agency

News Release
For more information contact:
Joel Rubin, Rubin Communications Group, 757-456-5212

TOWNE INSURANCE ANNOUNCES ACQUISITION OF
SPARTANBURG INDEPENDENT AGENCY

Spartanburg, SC (05/24/21) - Towne Insurance Agency announced the acquisition of George Johnson Insurance Agency, a full-service, independent agency in Spartanburg, SC.

“George Johnson Insurance was founded on a philosophy of offering personal, professional, and dedicated service,” said J. Grier Bomar, president of George Johnson Insurance. “We are eager to continue that proud tradition as part of the Towne Insurance organization and look forward to providing our clients with an even greater roster of services and resources.”

“We are thrilled to welcome George Johnson Insurance to the Towne family. Our combined access to the top insurance providers in the nation will bring an unparalleled level of service and expertise to a greater number of individuals, families, and businesses in the Spartanburg community,” said Jim Clement, Towne Insurance president of North and South Carolina.

As a top 50 insurance broker in the country, Towne Insurance strategically partners with select firms that carry strong reputations in their local markets and share a similar commitment to exquisite service. A fixture in the Spartanburg community since 1953, George Johnson Insurance serves individuals and businesses throughout the Southeast.

“Our clients will continue to receive the excellent service they know and trust from our local team, with the added benefit of the increased resources of the Towne organization, ” said Kyle Milner, vice president at George Johnson. “Towne’s tradition of personalized, local service and their culture of caring will be an asset to both our clients and our community.”

"Grier, Kyle, and the team at George Johnson have fostered strong relationships with carriers and clients alike. We are delighted to partner with them and expand our presence in South Carolina,” said Doug Russell, President & CEO of Towne Insurance.

Since entering the Carolinas in the fall of 2011, Towne Insurance has completed eight acquisitions in the region. George Johnson will continue operating under its present name and at its present location for the immediate future.

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Towne Insurance, a wholly-owned subsidiary of TowneBank, is a premier insurance agency providing comprehensive solutions and risk management programs to businesses of all sizes, including property and casualty insurance, workers’ compensation, bonding, employee benefits and more. Additionally, personal lines agents specialize in home, auto, umbrella and flood insurance. Headquartered in Hampton Roads in southeastern Virginia, and serving communities across Virginia, North Carolina, and South Carolina, Towne’s over 400 experienced insurance professionals work with the nation’s top-rated insurance companies to find members the right coverage at a competitive price. For more information, visit www.TowneInsurance.com.

As one of the top community banks in Virginia and North Carolina, TowneBank operates 42 banking offices serving Chesapeake, Chesterfield County, Glen Allen, Hampton, James City County, Mechanicsville, Newport News, Norfolk, Portsmouth, Richmond, Suffolk, Virginia Beach, Williamsburg, and York County in Virginia, along with Raleigh, Cary, Charlotte, Greensboro, Greenville, Moyock, Grandy, Camden County, Southern Shores, Corolla, Duck and Nags Head in North Carolina. TowneBank also offers a full range of financial services through its controlled divisions and subsidiaries that include Towne Investment Group, Towne Wealth Management, Towne Insurance Agency, Towne Benefits, TowneBank Mortgage, TowneBank Commercial Mortgage, Berkshire Hathaway HomeServices Towne Realty, Towne 1031 Exchange, LLC, and Towne Vacations. Local decision-making is a hallmark of its local banking strategy that is delivered through the leadership of each group’s President and Board of Directors.

With total assets of $14.63 billion as of December 31, 2020, TowneBank is one of the largest banks headquartered in Virginia.


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