Stoneman-Schopf Agency, Inc., to Purchase Baylake Insurance
June 28, 2012 -- Baylake
Bank announced that an agreement has been reached for Stoneman-Schopf Agency,
Inc., to purchase its subsidiary, Baylake Insurance Agency, effective July 1,
2012. Both companies are independent insurance providers that have been serving
the personal and business insurance needs of the local community for many years.
“We are excited to have
found a Door County partner in Stoneman-Schopf Agency, Inc., with such a
successful history and a staff of experienced professionals who are committed to
customers,” said Robert J. Cera, President & CEO of Baylake Bank. “As Baylake
continues to refine strategic focus, this agreement with Stoneman-Schopf enables
us to meet the objectives of our organization, maximize shareholder value, and
most importantly, to ensure that Baylake Insurance Agency customers continue to
receive a high level of service and quality insurance choices.”
Inc. has been serving clients in Northeast Wisconsin since 1958 and is located
at 209 Green Bay Road in Sturgeon Bay. “We see the purchase as an opportunity to
combine resources, resulting in additional opportunities for all
our insurance customers,” said Peter Stoneman, co-owner and
agent for Stoneman-Schopf, Agency, Inc. “Baylake Insurance
policies will transfer automatically on July 1st, so there is
nothing customers will need to do at this time,” he added.
information about Stoneman-Schopf Agency, Inc. is available on their website
www.stonemanschopf.com or by calling (920) 743-6565.