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Stonybrook Capital Press Release | FUMI Company of AR to Affiliate with FUMI of ND

Stonybrook Capital, an affiliate of FINRA-member Weild & Co., was named advisor to Farmers Union Mutual Insurance Company of Arkansas and its affiliated agency Eagle Management in their transaction with Farmers Union Mutual Insurance Company of North Dakota. Farmers Union Mutual Insurance Company of Arkansas is a mutual insurance company that has been in operation since 1934. The Company has a highly-experienced management team with aggregate industry experience of 151 years and is one of the top mutual homeowners companies in Arkansas. Farmers Union Mutual Insurance Company of North Dakota has been providing property and casualty insurance to North Dakotans since 1944. “This transaction brings us a capital partner within our Farmers Union Mutual family. We think this was a proverbial ‘win-win’ for both companies and our policyholders,” said President of Farmers Union Mutual Insurance Company of Arkansas, Mike Bush. “Stonybrook was pivotal in negotiating, structuring and driving valuation in this transaction,” said Chairman of Farmers Union Mutual Insurance Company of Arkansas, Jeff Downing.

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