Centennial Bank Announces Online Employee Benefit Insurance Service.Business Editors PORTLAND, Ore.--(BUSINESS WIRE)--Sept. 10, 2001 Centennial Bank (Nasdaq:CEBC CEBC Center for Ethical Business Cultures (University of St. Thomas) CEBC Consulting Engineers of British Columbia CEBC Centre d'Études Biologiques de Chize CEBC Conselho Empresarial Brasil-China CEBC Centre For Evidence-Based Conservation ) and locally based ConceroGroup have entered into an agreement to provide small business employers with brand name insurance products available through the bank's web site. Designed ideally for businesses with 2 to 50 employees, the "web" format reduces time and complexities to shop from leading vendors for these products. The new service starts September 17th. To access the service, small business employers go to the Centennial Bank web site, choose "Insurance Services" and complete the easy steps. Managed by ConceroGroup, an independently licensed insurance agency and administrator of online insurance products, the service enables an employer to obtain insurance quotes from multiple vendors in minutes. A wide selection of plans is available covering medical, dental, life, short-term disability and long-term disability employee insurance needs. In addition to purchasing products, customers can set up payment schedules, receive invoicing in·voice n. 1. A detailed list of goods shipped or services rendered, with an account of all costs; an itemized bill. 2. The goods or services itemized in an invoice. tr.v. and provide for plan participants Plan participants Employees or other beneficiaries who are eligible to receive benefits from a company's employee benefit plan. to make their own coverage changes -- all with 24/7 online accessibility. If needed, businesses can also contact "live" insurance personnel without leaving the Centennial Bank web site. "This new service alliance provides additional benefits to our business customers and the bank," said Ted R. Winnowski, President and Chief Executive Officer of Centennial Bancorp. "We see this initiative as part of a broader plan to become a more fully integrated financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. company going forward." Added Michael Paul Michael Paul may refer to:
"We are highly pleased that Centennial and ConceroGroup have formed this partnership," said Alan M. Shiffer, ConceroGroup Chief Executive Officer. "The service we provide to employers creates new opportunities for the bank to enhance existing and traditional business customer relationships as a source of continued growth." "The proliferation proliferation /pro·lif·er·a·tion/ (pro-lif?er-a´shun) the reproduction or multiplication of similar forms, especially of cells.prolif´erativeprolif´erous pro·lif·er·a·tion n. of business insurance vendors and products in recent years has posed a real challenge to small business owners," Mr. Shiffer continued. "Our capability to obtain and compare different insurance plan options at the same time customized to an owner's exact needs is a significant advantage." To kick-off the service between September 17, 2001 and October 26, 2001, Centennial Bank branches will feature a drawing for a $1,000 office supply gift certificate, redeemable Redeemable Eligible for redemption under the terms of an indenture. at any office supply store. A business employer is automatically entered into the drawing when he or she obtains an insurance quote using the new online service. Centennial Bank, with headquarters in Portland, operates 22 banking offices. Thirteen are in the Portland metropolitan area The Portland-Vancouver, Oregon-Washington, Metropolitan Statistical Area, also known as the Portland metropolitan area or Greater Portland, is an urban area in the U.S. states of Oregon and Washington centered around the city of Portland, Oregon. , which includes seven limited service retirement center branches; two are in Vancouver, Washington
Vancouver, Washington is a city on the north bank of the Columbia River, in the state of Washington, USA. It is the county seat of Clark County. ; one is in Salem; and six are in Lane County. As of June 30, 2001, assets of Centennial Bancorp, parent company of Centennial Bank, were $853 million. For more information, please contact Centennial Bancorp, One SW Columbia Street, Suite 900, Portland, OR 97258. Telephone, 503/973-5556. FAX, 503/973-5557. Web: www.centennialbank.com. This release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of the Private Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Act of 1995, including statements concerning the continued financial performance of the company and its plans and opportunities for future growth. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially than those expected. Specific risks include, but are not limited to, general business and economic conditions, as well as other factors listed from time to time in Centennial Bancorp's SEC reports. |
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