Jul 30, 2008 – SEFCU acquires Schoharie Valley Agency
SEFCU Insurance Buys Local Agency
July 30, 2008 — ALBANY, N.Y. — SEFCU subsidiary SEFCU Insurance Agency has recently
acquired the Schoharie Valley Agencies Inc.
SEFCU Insurance Agency is a full-service insurance agency offering a broad range of insurance
solutions, including personal and business products.
As part of this merger, SEFCU Insurance Agency will expand its reach within Schoharie County
and continue operations from existing office locations in Schoharie and Middleburgh. In
addition, all four Schoharie Valley Agencies Inc. employees will join SEFCU Insurance Agency.
“We are pleased to welcome Schoharie Valley Agencies Inc. employees and clients and look
forward to the opportunity to serve their needs. In addition, this growth will allow us to expand
our insurance services to current and future SEFCU members throughout our markets,” said
SEFCU President/CEO Michael J. Castellana.
Last fall SEFCU Insurance Agency merged with Colonial Insurance Agency making it the sixth
largest in the capital region.
Founded in 2001, Schoharie Valley Insurance Agency is a general independent insurance agency
with a broad range of commercial and personal products.
Mystic Capital Advisors Group, LLC provided transaction advisory services to SEFCU. For
more information on Mystic Capital, please contact Kevin P. Donoghue at 212-251-0972 or visit
www.mysticcapital.com.