Donegal to acquire stock of Conestoga Title Insurance

A subsidiary of Donegal Mutual Insurance Co. will acquire from Lancaster-based Conestoga Financial Corp. the outstanding capital stock of Conestoga Title Insurance Co. and its affiliates that provide title-insurance services.

The state commissioner of insurance and the shareholders of Conestoga Financial have approved the acquisition. The transaction is scheduled to close Wednesday. Terms of the deal were not disclosed.

Donegal Mutual is an East Donegal Township-based mutual fire-insurance and casualty-insurance company. The company is a subsidiary of Donegal Group Inc., an insurance-holding company in Lancaster County.

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