Piedmont Insurance Agency will offer a full range of auto, home and small business insurance products to its customers through this joint venture
— David P. Barksdale, Federal Director General of Piedmont
EAST WINDSOR, CT, USA, March 16, 2022 /EINPresswire.com/ — Piedmont Federal Savings Bank launches insurance agency with Insuritas, a full-service digital insurance agency platform, by through a joint venture with Community Insurance Services LLC, a subsidiary of the North Carolina Bankers Association. The agency is designed to offer a full range of home, auto and small business insurance products to its clients.
“Piedmont Federal is always looking for opportunities to benefit our customers,” said David P. Barksdale, CEO of Piedmont Federal. “Partnering with Community Insurance Services and Insuritas gives those looking for insurance a convenient and secure way to find the right coverage at the right price. We are excited to offer this service as a tool to help our clients personally and professionally achieve their short and long term financial goals.
The insurance agency will offer more than 40 carrier partners and will offer products such as auto, home, business, pets, travel and more. “We are delighted to announce our relationship with the Piedmont Federal Savings Bank and are proud to have had the opportunity to build, launch and manage a full-service digital insurance agency for the bank and its customers” , said the president and CEO of Insuritas. CEO Jeffrey Chesky. “Through our unique partnership with the NCBA, the bank will now be able to provide easy and seamless access to competitive options for its customers’ insurance needs, all with a focus on providing the right coverages. at the right price and at the right time.”
“Generating recurring commission income by helping customers and expanding their wallet share will be increasingly important to our community banks,” said Peter Gwaltney, NCBA President and CEO. “This innovative partnership between the NCBA and Insuritas continues to enable our community bank members to provide a full-service insurance agency platform without the traditional capital, execution and reputation risks associated with purchase or the creation of a local agency.”
About the Piedmont Federal Savings Bank
At Piedmont Federal, our goal is simple – we open doors for you. We open doors for you to buy a new home and build savings; we open doors for your business to get the financing and banking services it needs; we open the door for our communities to be better places to live. Our values form the foundation of this purpose: to be authentic, to build caring relationships, to do what is right, to move forward and to move forward. These values guide the way we do business and we believe they are our competitive advantage. We are committed to living these values in our service to you. For more information, visit www.piedmontfederal.bank
About the North Carolina Bankers Association
The North Carolina Bankers Association brings together all classes of banking institutions that best represent the interests of our rapidly changing state. Proudly serving the North Carolina banking industry since 1897, the NCBA is the professional business organization that provides advocacy, leadership and support for its vibrant membership base. The Association has three subsidiaries, Centering Community Capital, Community Bank Services (CBS) and Community Insurance Services (CIS). Centering Community Capital provides permanent debt financing for workforce apartment communities and housing in multiple states. CBS provides insurance and benefits products and other services to Association members and publishes a quarterly magazine, Carolina Banker. CIS was created to remove barriers that will enable our community banks to provide a full range of quality insurance options to their customers. For more information, visit www.ncbankers.org
Insuritas’ mission is to connect people to the insurance products they need through a seamless and seamless buying experience where insurers compete to provide them with the right coverage at the right price. The Insuritas meta-agency platform, deployed across a partner network serving more than 10 million customers nationwide, enables financial institutions to leverage proprietary data mining techniques and integrations with a wide range of insurance companies to offer their depositors highly personalized and digitally optimized insurance offers. , all within their brand. These strategies help reinforce their commitment to the financial well-being of their clients while providing a critical source of non-interest income for their institution. For more information visit www.insuritas.com
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