February 01, 2005
Central Bank Insurance Agency Inc. moves into property & casualty insurance with acquisition of Purdy & Cooke Agency.
Central Bank Insurance has added property and casualty insurance to its growing line of insurance products, with the acquisition of Purdy & Cooke Agency in Lexington. The joint announcement was made by Central Bank Insurance Chairman, Luther Deaton, Jr., and Purdy & Cooke President, Rusty Purdy. The agreement calls for Purdy & Cooke, currently located at 2300 Regency Road, to operate under its current name, as a division of Central Bank Insurance Agency.
Deaton stated, "We've been looking for the right insurance partner to add to our growing family of financial services." Purdy expressed similar sentiments, noting, "We share many of the same traditions and goals as the folks at Central Bank. We're going to have a bright future together, he added." "Rusty and I have known one another for a long time and have tremendous respect for one another, added Central Bank Insurance President Ross Barnette. "We are really looking forward to working together in the same family of financial services."
Purdy & Cooke has served Lexington for 58 years and provides the following insurance services:
Personal Lines: - Auto & home umbrella coverages
Business Insurance: - Property
- Professional liability
- Workers compensation
- Employee benefits: Group health and life, individual health and life, disability and long term care.
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