BancInsure Announces New Endorsed Partnership with Illinois League of Financial Institutions.OKLAHOMA CITY Oklahoma City (1990 pop. 444,719), state capital, and seat of Oklahoma co., central Okla., on the North Canadian River; inc. 1890. The state's largest city, it is an important livestock market, a wholesale, distribution, industrial, and financial center, and a farm -- BancInsure announces the establishment of an endorsed partnership agreement with the Illinois League of Financial Institutions (ILFI ILFI International Labour Film Institute (Britain) ). "We were made for times like these," says Rodney N. Sargent, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of BancInsure, Inc. "We look forward to developing our partnership with the Illinois League of Financial Institutions and offering superior products and services to Illinois's bankers." A leading provider of Financial Institution Bond and Extended Professional Liability, BancInsure is now an endorsed partner of the ILFI's service corporation subsidiary, offering a comprehensive insurance product portfolio to Illinois's savings and community banks. Risk management products offered by BancInsure include; Financial Institution Bond, Extended Professional Liability, Kidnap, Ransom ransom, price of redemption demanded by the captor of a person, vessel, or city. In ancient times cities frequently paid ransom to prevent their plundering by captors. The custom of ransoming was formerly sanctioned by law. and Extortion extortion, in law, unlawful demanding or receiving by an officer, in his official capacity, of any property or money not legally due to him. Examples include requesting and accepting fees in excess of those allowed to him by statute or arresting a person and, with , Excess Deposit Bond, Property & Casualty and Flood Insurance Flood insurance denotes the specific insurance coverage against property loss from flooding. To determine risk factors for specific properties, insurers will often refer to topographical maps that denote lowlands and floodplains that are susceptible to flooding. . "This partnership is a great example of our commitment to Illinois's banks," said Jay Stevenson, Treasurer of the ILFI Service Corporation. "As an industry leader, BancInsure's experience and products continue to be unmatched and we're excited to bring this opportunity to our membership." The ILFI represents 100 thrift thrift: see leadwort. and community banking institutions with assets of $23 billion. The association serves as the principal advocate for the thrift/banking industry in Illinois, providing products and services that bring benefits to its members. ILFI's purpose is to serve the Illinois' FDIC-insured financial institutions business and public interest by fostering thrift and homeownership and by sustaining and promoting the legislative, regulatory and business interests of its members and an array of other services designed to meet the needs of Illinois's banks and savings and loan savings and loan n. a banking and lending institution, chartered either by a state or the Federal government. Savings and loans only make loans secured by real property from deposits, upon which they pay interest slightly higher than that paid by most banks. institutions. Priorities include advocacy, education, information and member services designed to assist association members in competing and prospering in a rapidly changing business environment. For more information please contact Jay Stevenson with the Illinois League of Financial Institutions at 217.522.5575 or contact BancInsure at 800-682-1630 x731. As a full-line independent insurer specific to financial institutions, BancInsure's understanding of financial institutions and their intricate operations is unmatched in the marketplace. This translates to extraordinary value through complete risk mitigation and risk management solutions. Headquartered in Oklahoma City, BancInsure holds an A- (Excellent) A.M. Best rating and has proudly earned an industry leading 25% market share. The Company is endorsed by eighteen banking organizations and is licensed in 48 states. |
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