The Penn Mutual Life Insurance Company Announces Close of Pennsylvania Trust Transaction

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The Penn Mutual Life Insurance Company today announced that the transaction to sell the Pennsylvania Trust Company to its executive officers has successfully closed. The transaction was announced in January. Pennsylvania Trust, which had been a wholly-owned wealth advisory subsidiary of Penn Mutual since 1991, was purchased by its executive officers.

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We thank Pennsylvania Trust and its associates for their contributions to Penn Mutual over the past 20 years, and we wish the firm continued success in its new structure.

The Penn Mutual Life Insurance Company today announced that the transaction to sell the Pennsylvania Trust Company to its executive officers has successfully closed. The transaction was announced in January. Pennsylvania Trust, which had been a wholly-owned wealth advisory subsidiary of Penn Mutual since 1991, was purchased by its executive officers.

Penn Mutual President & Chief Executive Officer Eileen C. McDonnell said, “We thank Pennsylvania Trust and its associates for their contributions to Penn Mutual over the past 20 years, and we wish the firm continued success in its new structure.”

About The Penn Mutual Life Insurance Company
Since 1847, Penn Mutual has been driven by our noble purpose to create a world of possibilities. At the heart of this purpose is the belief that life insurance is the most protective, responsible and rewarding action a person can take, and is central to a sound financial plan. The company is committed to helping families unlock life’s possibilities through life insurance and annuity solutions. This is accomplished through a national network of financial professionals, who help clients make great things possible. Penn Mutual supports its field representatives with brokerage services through Hornor, Townsend & Kent, Inc., Registered Investment Advisor and wholly owned subsidiary. Member FINRA/SIPC. Visit Penn Mutual on the Internet at http://www.pennmutual.com/.

2011 The Penn Mutual Life Insurance Company,
600 Dresher Road, Horsham, PA 19044
A1JC-0228-14

Contact:
Barb Parassio
Karma
(215) 790-7813
barbara(at)karmaverse(dot)com

Keith Bratz
Penn Mutual
(215) 956-7907
bratz.keith(at)pennmutual(dot)com

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