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Lincoln Investment to acquire certain assets of insurer in South Dakota

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Lincoln Investment to acquire certain assets of insurer in South Dakota

Lennox, S.D.-based Lincoln Investment Co. intends to acquire certain assets of Berens Insurance Agency Inc. in Parker, S.D.

According to an application letter to the Federal Reserve Bank of Minneapolis, Lincoln Investment has operated an insurance agency in Lennox since 1960 and wants to acquire a book of property and casualty insurance from Berens, the only independent insurance agency in Parker.

Details of the purchase agreement, including financial statements, are included in the confidential section of Lincoln's application.