Sussex Bank Enters Title Insurance Business
16 Avril 2004 - 8:00PM
PR Newswire (US)
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/
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