InsurBanc is an independent community bank that was founded by agents exclusively for agents. Organized in 2001 by the Big “I” specifically to serve independent insurance agents, we have developed a distinctive culture that allows us the opportunity to work with you as a partner to help optimize growth opportunities and manage your agency efficiently.
You can rely on InsurBanc for custom products designed to underwrite your success.
Agency Financing
- Perpetuation
- Acquisitions
- Working Capital
- Producer Development
- Debt Refinancing
- Owner-Occupied Real Estate
- Equipment Leasing
Cash Management
InsurBanc's cash management program understand your unique seasonality and fluctuations and creates a customer package of products and services that provide the best return on your money and provide operational efficiencies.
Educational Videos
Watch the latest videos on topics such as agency financing, cash management, trends in the industry, cyber security and other related content important to the insurance industry. Articles
Stay up-to-date on important industry news and the latest products and services from InsurBanc.
Private Equity Takes a Pause: What It Means for Agency Owners
While valuations of independent agencies might have leveled off, owners can still get a good price for their business if they have attractive cash flow and other positive attributes. Robert Pettinicchi, EVP/Chief Lending Officer at InsurBanc, discusses the pause in private equity purchasing activity and what opportunities that presents agency owners in today's market environment.
How to avoid fraud at your independent insurance agency
Our friends at Insurbanc shared this article on the Property Casualty 360 website about how moving money puts your agency at risk. InsurBanc’s Director of Cash Management discusses understanding how banking fraud is organized and executed to put you in a better position to protect your agency.
Fear of Missing Out? What to Consider Before Selling Your Agency
As agency owners hear the amounts that other agencies have sold to large acquirers, don't let the fear of missing out blur your judgement. A recent article by Matt Sprang, InsurBanc's Director of Agency Banking, discusses the importance of examining all your exit options if you are considering selling. Agency owners work hard over time to create a successful agency and a lasting legacy, so be sure to take the time to navigate through to the right decision for your agency.
6 Ways Financial Partnering Can Help Independent Agencies Thrive
All the moving pieces in your agency can contribute to building value, and you need a bank that understands this. A bank should know your business, your borrowing needs. A lender should be able to analyze and recommend growth opportunities. It should understand the strategic significance of acquiring new business, as well as the urgency often required in putting together a deal.
Old habits and outdated office procedures could be hurting your agency. Patricia Smith offers three ways to improve efficiency and employee productivity in your banking, cash-management and security practices.
Revenue isn’t always the best measure of agency value, nor should it be a principal’s main concern when trying to grow or sell your agency. Smart agency owners recognize that steady and predictable cash flow is a better determinate of value.
Robert Pettinicchi discusses the insurance industries' lack of promoting opportunities to attract young adults, and some strategies to draw them into the field. Young workers today are unaware of the benefits that a career in insurance has, one that provides flexibility and autonomy from a healthy income. So other than relying on family to perpetuate their agencies, owners should consider reaching out to a local college or starting an internship program to promote themselves to young employees.
InsurBanc’s David Tralka recently wrote an article for The Standard, where he advices agency owners the importance of analyzing the risks of their business, and the steps to eliminate them in order for their business to remain prosperous. Often times, agencies are so focused on their clients’ needs that they neglect their own, placing themselves at increased risk of a cyber attack, etc. These are seven risks you need to assess to protect your agency.
Robert Pettinicchi discusses in depth the factors to consider before selling your agency. A staged internal perpetuation is one factor to consider to keep control of the business in the family and maximize earnings. With selling, not only will you be giving up future cash flows, but also lose on a chance for a solid financial future by not widening ownership in your agency.
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