ITHACA, N.Y. — Tompkins Insurance Agencies, Inc., the insurance arm of Tompkins Financial Corp. (NYSE: TMP), announced it has acquired the Shepard, Maxwell & Hale Insurance agency based in Batavia. The acquisition became effective Jan. 1.
Tompkins Insurance has 30,000 personal insurance customers and 7,600 commercial insurance clients. The acquisition will add about 4,000 Shepard, Maxwell and Hale accounts to its customer base.
“This acquisition is consistent with the growth strategy we have for our company,” Steve Romaine, Tompkins Financial president and CEO, said in a news release. “It is a positive move that enhances our ability to further grow our business in Batavia and Western New York…”
(Sponsored)
Tips, Overtime and More: Are You Ready for the One Big Beautiful Bill?
Since officially becoming law on Independence Day 2025, the One Big Beautiful Bill Act (OBBBA) has led to significant changes in both individual and business taxes. For businesses with employees
Important Tax Law Changes To Be Aware Of
Effective planning for your construction business not only includes understanding the items that impact your operations but also the results that taxation on your profits will have on your net
Tompkins Insurance says that Daniel G. Hale and Stephen S. Maxwell have stayed on with the agency following the acquisition. “Most current employees will be retained in the merger and will continue to service accounts,” the firm adds.
The Batavia office of Shepard, Maxwell & Hale Insurance will close and move operations to the Tompkins Financial Center at 90 Main St. in that city on or about Feb 1, according to the release. The agency also has an office in the town of Hamlin — in northwest Monroe County — that will “continue to operate at its current location for the time being.”
Effective Feb. 1, clients of Shepard, Maxwell & Hale may receive service at any of the 28 Tompkins Insurance offices throughout New York and Pennsylvania, including the 16 locations in western New York, the release stated.
Shepard, Maxwell & Hale was founded in 1957 and has grown to a full-service agency serving Western New York and Upstate, according to its website. The firm says it was the largest independently owned insurance agency in Genesee County (Batavia area).
Ithaca–based Tompkins Financial is a financial-services firm with $5.5 billion in assets serving the Central, Western, and Hudson Valley regions of New York, and Southeastern Pennsylvania. It is the parent of Tompkins Trust Company, Tompkins Bank of Castile, Tompkins Mahopac Bank, Tompkins VIST Bank, Tompkins Insurance Agencies, and Tompkins Financial Advisors.
Contact Rombel at arombel@cnybj.com
