Printer Friendly
The Free Library
14,380,416 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

M Benefit Solutions - Bank Strategies Welcomes Corrigan & Company as Newest Addition to Advisor Firm Lineup.


PORTLAND, Ore. -- M Benefit Solutions - Bank Strategies today announced the addition of Corrigan & Company to its lineup of Community Bank Advisor Firms. Corrigan & Company, a leading executive benefits firm based in Santa Barbara, California Santa Barbara is a city in California, United States. It is the county seat of Santa Barbara County, California. As of the 2000 census, the city had a total population of 92,325. , formerly known as BenmarkWest, solidifies the presence M Benefits Solutions - Bank Strategies maintains in the Western United States Noun 1. western United States - the region of the United States lying to the west of the Mississippi River
West

Santa Fe Trail - a trail that extends from Missouri to New Mexico; an important route for settlers moving west in the 19th century
.

M Benefit Solutions - Bank Strategies specializes in providing executive and director benefit planning services to community banks through Advisor Firms located in key markets across the country. The Advisor Firms, which are recognized leaders in the Bank Owned Life Insurance ("BOLI BOLI Bank-Owned Life Insurance
BOLI Bureau of Labor and Industries
") market, specialize in helping banks attract, retain, and reward key executives and directors through the design, implementation, and administration of benefit programs that maximize the use of a bank's financial resources. M Benefit Solutions - Bank Strategies is the Independent Community Bankers of America's ("ICBA ICBA Independent Community Bankers of America
ICBA International Center for Biosaline Agriculture
ICBA Instituto Cultural Brasil Alemanha
ICBA Independent Community Bankers Association
ICBA International Conference on Biometric Authentication
") Preferred Service Provider for executive and director benefits.

BOLI remains an excellent tool for offsetting the costs of employee benefits, including medical, group life, and other ERISA See Employee Retirement Income Security Act.

ERISA

See Employee Retirement Income Security Act (ERISA).
 benefits, as well as qualified retirement plan benefits. In addition, BOLI can be used to recover costs associated with the implementation of nonqualified benefit plans, which are often used to attract and retain key executives, and can serve as an efficient asset/liability management Asset/Liability Management

A technique companies employ in coordinating the management of assets and liabilities so that an adequate return may be earned. Also known as "surplus management.
 tool, bringing balance sheet advantages that can ultimately enhance earnings per share.

Donald H. Friedman, president and chief executive officer of M Benefit Solutions, said: "We are excited to welcome Corrigan & Company as our newest Advisor Firm. The firm maintains strong relationships in the community bank arena and has diverse benefits expertise, both of which will bring tremendous value to our company and, most importantly Adv. 1. most importantly - above and beyond all other consideration; "above all, you must be independent"
above all, most especially
, to the clients we serve. Corrigan & Company's geographic location is also of tremendous value as it extends our reach into a strategically important part of the country. We look forward to building a mutually beneficial Adj. 1. mutually beneficial - mutually dependent
interdependent, mutualist

dependent - relying on or requiring a person or thing for support, supply, or what is needed; "dependent children"; "dependent on moisture"
 relationship with the Corrigan team."

Corrigan & Company is led by Michael E. Corrigan, the company's founder and chairman. After entering the securities business in 1978 with Merrill Lynch, Pierce, Fenner and Smith, Michael has held sales, investment, and senior management positions with several regional and national financial institutions. He has also held senior executive positions in a large Savings and Loan Association savings and loan association, type of financial institution that was originally created to accept savings from private investors and to provide home mortgage services for the public.

The first U.S. savings and loan association was founded in 1831.
 and was the 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 a regional securities broker-dealer. Michael's insurance experience includes senior management positions at two large life insurance companies where, in successive roles, he was responsible for acquisitions, investments, product design, sales and general administration.

Michael E. Corrigan, commented: "Over the past decade, Corrigan & Company has been the largest producing firm with Benmark, building a client roster of over 90 financial institutions and a dominant presence in the Western United States. We knew what we wanted in a partner and we did extensive due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired.  before selecting M Benefit Solutions. As an Advisor Firm of M Benefit Solutions - Bank Strategies, we will bring to our clients leading edge technology and administration systems, with access to every product we can sell presently and several additional BOLI products that are available only through our joint venture relationship with M Benefit Solutions or through other M Financial Member Firms. This combination of great service capabilities and superior products will allow us to provide our existing clients with the things they have come to expect from an intermediary in this rapidly evolving market."

About M Benefit Solutions - Bank Strategies:

M Benefit Solutions - Bank Strategies, based in Portland, Oregon, is a division of M Benefit Solutions, a Member Firm of M Financial Group, and is a recognized leader in the community bank executive and director benefits and BOLI marketplace. Through a network of firms located in key markets across the country, M Benefit Solutions - Bank Strategies helps banks attract, retain and reward key executives and directors through the design, implementation and administration of benefit programs that maximize the use of a bank's financial resources. For more information, please visit www.mben.com/bank.
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Jan 8, 2007
Words:651
Previous Article:Temple-Inland Inc. to Release Fourth Quarter and Full Year 2006 Results on February 5, 2007.
Next Article:Network Appliance Rises to Number Six on Fortune Magazine's "Best Companies to Work For" List.
Topics:



Related Articles
Consumers responding to reduced minimum downpayment, says CMHC. (Canada Mortgage and Housing Corporation) (Construction Report)
CORRIGAN SHARES IDEAS FOR CSUN.(SPORTS)
C&W expands alliance program. (Cushman and Wakefield).(Brief Article)
C&W expands alliance. (Cushman and Wakefield).(Brief Article)
Greg A. Reed Appointed President and Chief Executive Officer of Dundee Wealth Bank.
Bill VanDeWeghe Joins Private Investment Bank RA Capital Advisors; VanDeWeghe Leading Defense Industry Team at One of the West Coast's Preeminent...
Lincoln Property Company and Corrigan Properties, Inc. Announce 445,000 Square Foot Development in Dallas; Texas Capital Bank to Relocate Corporate...
Withers Bergman LLP, The Bank of New York and Foundation Source To Hold Philanthropy Forum in New Haven, CT.
Wiesner Media Financial Group Debuts New Bank Advisor Magazine.
Deutsche Bank Expands Hedge Fund Capital Group in North America.

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles