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United Heritage Financial Group, Inc., based in Meridian, Idaho, and Merced Property & Casualty Company, headquartered in Atwater, California, have announced that United Heritage Insurance has acquired over 94 percent of Merced’s stock issued pursuant to a sponsored demutualization. 

“United Heritage is looking forward to the synergy between Merced and the United Heritage organization,” stated United Heritage President and Chief Executive Officer Dennis L. Johnson. “We feel that Merced adds value to United Heritage and, that over time, will position us as a stronger insurance provider nationally.”

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