BancInsure Continues to Offer Excess Deposit Guaranty Bonds.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 -- 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., announced today that BancInsure intends to continue offering Excess Deposit Guaranty Bonds to the nations community banks and financial institutions. "The vast majority of community banks in this country are run with discipline and diligence. We remain confident in the American banker American Banker is a daily newspaper covering the financial services industry. Founded in 1835 and based in New York, American Banker's 70 reporters and editors in six cities monitor developments and breaking news affecting banks. . This product protects banks and protects consumers and we will continue to offer it for the foreseeable future." says Rod Sargent, President and CEO of BancInsure, Inc. Excess Deposit Guaranty Bonds insures consumer deposits in excess of $100,000 dollars. The Federal Deposit Insurance Corporation Federal Deposit Insurance Corporation (FDIC), an independent U.S. federal executive agency designed to promote public confidence in banks and to provide insurance coverage for bank deposits up to $100,000. (FDIC FDIC See: Federal Deposit Insurance Corporation FDIC See Federal Deposit Insurance Corporation (FDIC). ) insures amounts up to $100,000 dollars per depositor. Private insurance, like that offered by BancInsure, is offered to cover amounts in excess of $100,000 dollars. "Access to private deposit insurance is critical to the operations of virtually every bank in Oklahoma," said Roger Beverage, President and CEO of the Oklahoma Bankers Association Founded in Oklahoma City, the Oklahoma Bankers Association is a type of bank company for residents of the U.S. state of Oklahoma. It has been running for over 100 years. External links
As the only full-line independent insurer focused on 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 with a stable outlook. The Company is endorsed by eighteen banking organizations and is licensed in 48 states. |
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