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Sussex Bank Enters Title Insurance Business
FRANKLIN, N.J., April 16 /PRNewswire-FirstCall/ -- Sussex Bancorp announced
that it has entered the title insurance business through an agency with First
American Title Insurance Company and Sussex Bank, the Company's commercial bank
subsidiary. The agency, called Sussex Settlement Services, L.P. is based in
Augusta, New Jersey and offers a full range of title insurance products and
services in Pennsylvania, New Jersey and New York.
Mr. Donald L. Kovach, Chairman and Chief Executive Officer of Sussex Bancorp,
stated: "Entry into the title insurance business permits us to offer our
customers one stop shopping while enhancing our efforts to develop non-interest
income. The opportunity to enter the title insurance business with a partner
such as First American Title Insurance Company, a Fortune 500 company and
industry leader, does not happen very often. Fortunately for our customers and
shareholders, we were able to take advantage of the opportunity, and we look
forward to the growth of this business."
Sussex Bancorp is the holding company for the Sussex Bank, a New Jersey
chartered commercial bank operating out of its main office in Franklin, New
Jersey and eight branch locations. It is also the parent of Tri State
Insurance Company, a full service insurance agency located in Augusta, New
Jersey.
DATASOURCE: Sussex Bancorp
CONTACT: Candace Leatham, Executive Vice President & Treasurer,
+1-973-827-2914
Web site: http://www.sussexbank.com/