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Bucs Financial Corp. is selling its insurance brokerage subsidiary to Russell Insurance Group in Carroll County.
Five-year-old Armor Insurance Group has grown steadily since its inception, officials said, which was part of the decision to sell. Bucs' primary business is subsidiary Bucs Federal Bank, and officials did not want to draw time and resources from the bank to support the growing brokerage.
"The insurance subsidiary, while productive, was going to require additional resources and energies," Bucs Financial Chief Financial Officer Matt...