Banks nationally and in Western New York are gobbling up independent insurance agencies and building their own from scratch, in a bid to capitalize on another source of income while meeting a customer need.That's the case with Citigroup, Bank of America Corp., KeyCorp, Citizens Financial Group's Charter One Bank and HSBC Bank USA.Locally, First Niagara, M&T Bank Corp., and Evans have led the way, snapping up at least 19 insurance agencies between them from Buffalo to Albany since 1999.....
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Car Insurance News: Banks Getting Big in Insurance ; They're Buying Out Independent Agencies...Get an auto insurance quote!