Bank Insurance

Bank Insurance

A guarantee by a government or private company of all the deposits in a bank, at least up to a certain amount. Most bank insurance in the United States is provided by the Federal Deposit Insurance Corporation.
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'The bank insurance sales agents make false claims to their customers about doubling their investment in a period of 10 years, which can lead to financial disputes,' he added.
US-based financial services holding company First Bancorp's (NASDAQ: FBNC) First Bank Insurance Services Inc.
M2 EQUITYBITES-August 22, 2017-First Bank Insurance Services to Acquire North Carolina's Bear Insurance Service
Transom Consulting Group has published a white paper entitled "Winning in Bank Insurance" to explain the paradox between divestitures of bank agency operations and the redoubling of efforts by other banks to use insurance sales to boost non-interest income, the company said.
Global Banking News-December 18, 2015--First Bank Insurance Services and Bankingport to merge
Betty Moon, managing director, Bank Insurance and Securities Research Associates (BISRA), a collaborative effort between the Bank Insurance and Securities Association (BISA) and LIMRA.
Of the top-10 bank insurance brokerage fee holding companies, only Wells Fargo & Co.
-- Despite slight growth from acquisition and increased contingent income, issues relating to staffing efficiency led to weaker profits for bank insurance agencies, according to the latest Bank-Insurance Viability Index, a quarterly report compiled by MarshBerry and sponsored by the American Bankers Insurance Association.
Northeast Bank Insurance Group provides one that is part of its client interview process.
Bank Insurance and Securities Association: Annual Convention, March 10-13, Westin Diplomat Hotel, Hollywood, Fla., www.bisanet.org.
Therefore, from an operations standpoint, ILCs pose similar risks to the bank insurance fund as other types of insured depository institutions.
Subsequently, the Massachusetts Bankers Association and some of its member banks filed suit in Federal District Court challenging four provisions of the Massachusetts Bank Insurance Statute.