Larry M. Wood Executive Vice President – Financial Institutions Group The KeyState Companies LWood@Key-State.com subsidiaries and building portfolios of general-market munis, which make up 96% of all municipal bond issuance. With this greater supply, general-market munis offer meaningfully higher yields compared to bank-qualified munis. KeyState works with community and regional banks to structure and manage investment subsidiary structures, allowing them to access the general-market municipal bond market, earn higher yields and reduce their TEFRA costs. Serving over 140 community banks across the country, KeyState helps banks implement and manage investment subsidiaries, solar tax credit investments and captive insurance companies. These innovative structures provide our community-bank customers with meaningful increases to their annual earnings. KeyState is not a tax advisor. Please consult your bank’s tax advisor before proceeding with any strategy. Larry oversees KeyState’s Investment Advisory and Bank Investment Subsidiary group with over $21 billion in assets under management. Founded in 1991, KeyState manages tax-advantaged investment and insurance structures for over 140 financial institutions across the country. KeyState Captive Management LLC’s bank captive program is endorsed by the Indiana Bankers Association. While the KeyState bank-owned investment subsidiary model is not endorsed by the IBA, we believe it is a valid opportunity for consideration. MAY/JUNE 2025 25 7x4.625 Gain a competitive edge and make data-driven decisions that drive business growth with S&P Global Capital IQ Pro. The S&P Capital IQ Pro platform provides the essential data, insights, and workflow tools to help commercial banking professionals succeed. Whether you need comprehensive financial data and analysis on public or private companies, valuation models, robust interest rate datasets, or customizable reports, Capital IQ Pro has got you covered with a single trusted source of public and private financial, company, and industry data. S&P Capital IQ Pro – News and Research – Real-Time Market Intelligence – Comprehensive Models/Templates – Data Visualization Tools – Market & CRA Analysis – Peer Benchmarking – Board and Regulatory Reporting – Advanced Credit Analysis – M&A and Valuation
RkJQdWJsaXNoZXIy MTg3NDExNQ==