Sept 2, 2004 – First MainStreet acquires Value Quote Insurance
First MainStreet Acquires Value Quote Insurance
LONGMONT, Colo., Sept. 2 /PRNewswire/ — Today, First MainStreet, a northern Colorado
financial services organization offering banking, insurance, trust, investment and mortgage
products and services, announces that First MainStreet Insurance acquired Value Quote
Insurance, a Longmont-based insurance agency guiding individuals and businesses through
the health insurance purchase process, and providing administrative services for employee
benefit programs. Details about the transaction are undisclosed.
“We are excited about the opportunities this acquisition brings to us and our clients,” said Tom
Chapman, First MainStreet Insurance President and CEO. “Our mission has always been to
provide exceptional customer service, to prudently manage employee benefit dollars and to
custom design benefit programs that fit each employer’s specific needs. The philosophy and
business strategy at Value Quote are a perfect fit with us. Together we will be able to combine
our resources and expertise to provide new products and enhanced service to our clients.”
Although First MainStreet provides group health insurance and other employee benefits for
businesses, its primary focus is on property and casualty services for its clients. Therefore,
both First MainStreet and Value Quote customers will benefit from the combination of First
MainStreet’s expertise in property and casualty insurance and Value Quote’s expertise in group
Founded in 1986 by Kurt and Melanie Mann, Value Quote is one of the largest group health
care agencies in northern Colorado and is an Anthem Blue Cross Blue Shield and United Health
Platinum Agency. It also works with many other major health insurance providers including
Kaiser Permanente, Great West Life, MetLife, AFLAC, Humana and PacifiCare.
“We’re eager to join the First MainStreet Insurance group, and to combine to become a
stronger and growing insurance business,” said Kurt Mann, chairman and founder of Value
Quote Insurance. “Our customers will benefit from this union and have continued access to
Value Quote staff and expertise, as well as a broad range of new products from First
The majority of Value Quote’s business is in providing and administering group benefit
programs for local employers who want to offer their employees health, life and disability
insurance as well as 401(k) savings plans and other benefits. Value Quote also specializes in
health and life insurance for individuals and families. The Insurance agency brings a wealth of
expertise in serving individuals and businesses in the range of 3-300 employees with group
With a heritage of local decision-making and unsurpassed client service since 1871, First
MainStreet Financial Ltd. is headquartered in Longmont, Colorado, and is a $388 million bank
holding company. First MainStreet offers a full array of financial services including banking,
trust, investment, mortgage and insurance services in communities across northern Colorado
with branches in Longmont, Fort Collins, Lafayette and Loveland communities. For more
information, please visit http://www.firstmainstreet.com/.
About Value Quote
Value Quote is a Longmont-based insurance agency guiding individuals and businesses
through the health insurance purchase process, and providing administrative services for
employee benefit programs.
Mystic Capital Advisors Group, LLC provided deal advisory services to First MainStreet.
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