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Fremont Michigan InsuraCorp Announces New $7 Million Business Loan Agreement

Press Release

Fremont Michigan InsuraCorp Announces New $7 Million Business Loan Agreement | Document Parties: FREMONT MICHIGAN INSURACORP INC | Fremont Insurance Company | Fremont Michigan InsuraCorp, Inc | Huntington National Bank You are currently viewing:
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FREMONT MICHIGAN INSURACORP INC | Fremont Insurance Company | Fremont Michigan InsuraCorp, Inc | Huntington National Bank

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Title: Fremont Michigan InsuraCorp Announces New $7 Million Business Loan Agreement
Date: 12/6/2010
Industry: Insurance (Prop. and Casualty)     Sector: Financial

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Exhibit 99.1

Company Contact:

Kevin Kaastra

Fremont Michigan InsuraCorp, Inc.

231-924-0300

 

  

Fremont Michigan InsuraCorp Announces

New $7 Million Business Loan Agreement

  

FREMONT, Mich., Dec. 6, 2010 — Fremont Michigan InsuraCorp, Inc. (OTC BB: FMMH), the holding company for Fremont Insurance Company, a Michigan-exclusive property and casualty insurance carrier, today announced the closing of a new $7 million unsecured line of credit with The Huntington National Bank.

“We are pleased with the new level of flexibility this credit agreement affords Fremont,” said Richard E. Dunning, President and Chief Executive Officer. “Although we do not see an immediate need to access the credit line, it provides an avenue for pursuing future growth initiatives or acquisitions, should the opportunity arise. Over the past year, we have received approvals to expand into our neighboring states of Wisconsin and Indiana and are constantly looking for ways to improve our products and operati


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