F.A. Peabody Insurance Company expands to Calais

16 years ago

    `The F.A. Peabody Company officials have announced the acquisition of the Calais branch office of the J.C. Milliken Agency. Milliken’s Calais location has roots dating back to 1830, when local entrepreneur, Joseph A. Lee, first began writing insurance to serve the logging/lumbering, business and personal insurance needs of the Washington County territory. For over 90 years the insurance agency remained in the Lee family until Charles W. Fenderson purchased the business in 1920. The Fenderson Agency remained a third-generation family business until the early ‘90s when the Cross Agency of Bangor purchased the firm from David Fenderson.
    In 2003, times changed with Cross selling the firm to the Ellsworth-based, Milliken.
    FAPCO is a third-generation family-owned firm focused on the needs of the rural Maine market. Its Calais expansion represents a strategic fit with the company’s current management, business mix and community-focused approach to business development, officials said.
    “We are positive about the future of Calais and its unique position as key service center community for Downeast Maine. We look forward to becoming a partner in the community’s future development,” said FAPCO’s president, Christopher Anderson.
    Frank Allen Peabody founded the F. A. Peabody Co. in 1927, selling all lines of insurance to Aroostook County residents and businesses. Today, FAPCO employs over 90 people and writes insurance statewide using its 20 domestic and foreign insurers. FAPCO is the parent corporation to FAPCO Administrative Services, a third party administration company and delivers broadband wireless services to rural Maine with its wholly-owned subsidiary, Pioneer Broadband.