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Rackley Insurance Agency Acquires Thompson Insurance

Steve Rackley and Mike Thompson jointly announced the sale of Thompson Insurance to Rackley Insurance Agency.

by Bainswest, Inc.

Wednesday, March 23, 2011

Steve Rackley and Mike Thompson jointly announced the sale of Thompson Insurance in Mountain Home, AR to Rackley Insurance Agency of Gainesville, MO. The transaction closed in January 2011. At the January Board and Shareholders meetings of Bainswest, the transaction was approved and Rackley was extended membership into Bainswest.

“We are thrilled to welcome Steve Rackley as a new member of Bainswest. We’re really pleased that we have been able to add a professional insurance agency as the Rackley Insurance Agency to our team,” said Mike Loftis, Bainswest’s president. “Steve Rackley’s involvement in the insurance industry and his community, as well as the quality of his operation made this an ideal fit for both of us.”

Thompson and partner Max Freeman will remain involved with the agency.

Rackley Insurance dates back to 1914, and was acquired by the Rackley family in 1964. The agency has been a part of the Gainesville area business community for 97 years. Steve Rackley is involved in the Missouri Independent Agents Association, Missouri School Boards Association, Ozark County and Gainesville community organizations and local church and school activities.

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