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First Bank Completes Sale of Adrian N. Baker & Company to AHM Corporation Holdings, Inc.

Publication: Business Wire
Publication Date: 09-OCT-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
ST. LOUIS -- First Bank, a subsidiary of First Banks, Inc. (NYSE: FBSPrA)("First Banks"), headquartered in St. Louis, Missouri, and AHM Corporation Holdings, Inc. ("AHM"), also headquartered in St. Louis, Missouri, jointly announce the completion of the sale of First Bank's wholly-owned subsidiary, Adrian N. Baker & Company ("Adrian Baker"), to AHM on September 30, 2009 under a Stock Purchase Agreement (the "Agreement"). Adrian Baker is an independent insurance brokerage company based in Clayton, Missouri that provides a comprehensive range of services to corporate and individual clients on a nationwide basis, including commercial, employee benefit and personal insurance services.

Under the terms of the Agreement, AHM acquired all of the capital stock of Adrian Baker. Adrian Baker had total revenues of $7.6 million for the year ended December 31,...

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