Farmers and Traders Life Merges Into Columbian Mutual Life

Columbian Mutual Life Insurance Company and Farmers and Traders Life Insurance Company, Binghamton, N.Y., have announced the completion of the merger between the two mutual life insurance companies which essentially doubles the size of the two predecessor companies.

Effective on October 1, 2007, Farmers and Traders Life Insurance Company based in Syracuse, New York, merged into and became a part of Columbian Mutual Life Insurance Company of Binghamton, New York. Columbian Mutual, licensed in all 50 states is the parent company of the Columbian Financial Group of Companies. The combined organization now has assets in excess of $1 billion and a strong surplus position which exceeds $70 million.