Wachovia has acquired Cameron M. Harris & Co., the largest privately owned insurance brokerage in North Carolina.

• Position: Regional Report - Brief Article

Wachovia has acquired Cameron M. Harris & Co., the largest privately owned insurance brokerage in North Carolina. Terms weren't disclosed, though David Holton, president of Wachovia Insurance Services, says the acquisition will add $27 million a year to Wachovia's $155 million in insurance sales. The deal follows a pattern set by Winston-Salem-based BB&T, which has acquired more than 150 small insurance agencies since the late '80s. Cameron...