Desjardins Group to acquire State Farm Canada

A move by one Quebec’s largest financial groups, Dejardins, will see 1.2 million customers transition to the company from State Farm Canada.

State Farm expects the transition to close by Januaray 2015. Upon closing, Dejardins will continue operations under the State Farm brand for period of time.

Dejardins will absorb State Farm’s 1,700 Canadian employees and 500 agents.