Strengthening their commitment to providing comprehensive insurance solutions to Illinois bankers, the Illinois Bankers Business Services (IBBS) is excited to announce its newest Preferred Vendor partner, Banc Consulting Partners (BCP).
Established in 2011, BCP is an industry leader in the design, implementation, and on-going administration of Bank-Owned Life Insurance (BOLI) and non-qualified benefit programs for bank officers and directors. With several regional office locations and numerous state banking association endorsements, BCP has established itself as an industry leader in the BOLI and benefits arena.
Led by a team of consultants with decades of experience in the BOLI, benefits, and banking industry, BCP’s diagnostic approach and client-centric philosophy have helped hundreds of community banks across the country implement and finance cost of benefit programs that provide considerable value from both a cultural and financial perspective.
“We are excited to welcome Banc Consulting Partners to our Preferred Vendor roster, ensuring we are providing the resources needed to meet the needs of our member banks,” said Callan Stapleton, President of IBBS. “Their expertise in BOLI and benefit programs further strengthens the insurance arm of the IBA, upholding our commitment to protect our banks and bankers.”
BCP partners with each client’s executive management team, board of directors, key bank advisors, and the top insurance carriers in the industry to help ensure that the BOLI and benefit programs are designed to accomplish clear and concise goals with strict adherence to regulatory and industry guidance in both the implementation and administrative phases.
“We are honored to partner with the IBA to provide our consultative and administrative support to member banks,” said Lon Haines, Principal of Banc Consulting Partners. "The banking industry is certainly facing unique financial challenges as well as unprecedented competition for talent, and we are confident that our core service can support Illinois community bankers in addressing some of these obstacles, particularly in terms of talent retention.”
BCP’s commitment to providing personalized service has made them a trusted partner to community banks. Banc Consulting Partners is a value-added service that will join the current insurance offerings available through the IBA, including Financial Institution coverages, Property & Liability insurance, Workers Compensation, and a menu of Employee Benefits.
For more information on Banc Consulting Partners, please visit their website at www.bancconsultingpartners.com or visit Illinois.bank to learn more about current insurance solutions.