23 Hoosier Banker November 2014 KeyState’s Bank Captive Program has been endorsed by nine other state bank trade associations, including Illinois, Ohio, Wisconsin and Kentucky. KeyState will continue to expand this offering to banks throughout the country, further enhancing the risk distribution profile of the program. The multiple benefits of improved risk management, expanded coverage availability and potential tax benefits may make the formation *Banks interested in forming a captive should consult with legal and tax advisers familiar with captive insurance company structures. KeyState makes no representations as to the effectiveness of any particular captive insurance structure. KeyState does not offer legal or tax consulting services. NOTE:This insurance captive structure is a concept developed by Crowe Horwath LLP, working in cooperation with KeyState Captive Management LLC to manage the final product. KeyState Captive Management LLC and Crowe Horwath LLP are strategic partners in this venture; however, Crowe Horwath LLP is not included in this Preferred Service Provider endorsement. Home Bank, Martinsville, was featured in an article in the November/December issue of BizVoice, the magazine of the Indiana Chamber of Commerce. The article, “Home Sweet Home: Bank Strives for ‘More Than Just Making a Donation,’” is the first in a series of articles about community contributions of business organizations. One article highlight is the bank’s Bridges out of Poverty involvement, also featured on page 14 of this issue of Hoosier Banker. Jerry Gassen, chief executive officer of Ameriana Bancorp, New Castle, was featured in an interview published Oct. 6 in Benzinga.com, an online magazine. The article was titled, “Ameriana Bancorp CEO Talks Business.” Two bankers from member institutions of the Indiana Bankers Association received the Making the Difference Award from the National Foundation for Credit Counseling (NFCC). The award recognizes individuals who have made significant contributions to assisting consumers with financial literacy, awareness and education. Honorees: Kevin Rhein, senior executive vice president and chief information officer of Wells Fargo, San Francisco; Kerry H. Sullivan, president of the Bank of America Charitable Foundation, Bank of America, Charlotte, North Carolina. t HonorAble MentIons WWW.MORTGAGEHAZARD.COM Place coverage on uninsured commercial and residential properties within seconds. BLANKET MORTGAGE HAZARD Entire portfolio protection while eliminating insurance follow-up may be less expensive than you think. BLANKET MORTGAGE IMPAIRMENT Total portfolio protection that includes servicing errors and omissions while eliminating insurance follow-up for a low annual premium. OUTSOURCED INSURANCE TRACKING Let us handle your insurance mail, phone calls, send letters and place coverage when needed. FLOOD COVERAGE Protect residential, commercial, REO and mobile home properties located in mandatory Contact Paul Baker or Matt Washer at 888-685-8442 pbaker@leeandmason.com • mwasher@leeandmason.com www.leeandmason.com Are all your mortgage properties insured? LET US HELP YOU PROTECT THEM. PREFERRED SERVICE PROVIDER Lee & Mason Financial Services is the leading provider of mortgage protection programs nationwide. With access to multiple “A Rated” markets, we provide comprehensive and cost e ective solutions to mortgage lenders and services. of a small captive insurance company advantageous for your bank. If you have further interest in evaluating the formation of a small captive insurance company, please contact Travis Holdman with KeyState at 260-227-0265, tholdman@key-state. com; or myself, Rod Lasley, at 317387-9380, rlasley@indianabankers. org. We would be happy to schedule an introductory meeting to discuss the benefits of a captive.* t
RkJQdWJsaXNoZXIy MTg3NDExNQ==