CB&S Bank ($1.5 B Assets) Chooses Insuritas to Expand Agency Across Three State Footprint
Insuritas announced it has been chosen by CB&S Bank through its affiliate CB&S Financial Services, Inc. to install their award-winning insurance agency solution for its customers.
Dennis Upchurch, President /CEO of CB&S Bank noted: “Our customers across our three state footprint look to us to provide all the financial products and services they need in a one stop shopping solution that focuses on price, convenience, selection and service. We recognize that 100% of our customers buy auto, home and business insurance every year – and we are perfectly positioned to be their trusted Agent. Insuritas will expand our existing insurance agency across our markets in Alabama, Mississippi and Tennessee. We will offer all lines of insurance products to protect our customers, their families and small businesses. The Insuritas digital agency platform will allow our customers to instantly get insurance quotes every time they get a loan, get their insurance policy bill in the mail, or visit our online banking storefront.” Upchurch concluded, this commitment to insurance supports our core mission; “A total commitment to the needs of our customers and our shareholders that will insure a prosperous, stable and secure future.”
Jeff Chesky, President and CEO of Insuritas, noted: “CB&S Bank’s leadership wanted to provide a full suite of insurance products where customers can come to shop, compare and buy insurance as a natural extension of their promise to serve their customers and leverages the powerful brand equity and trusted relationships CB&S Bank has created in their market. Chesky added “We will install our award winning E-InsuranceAISLE™, LoanINSURE® and SmartCART Technology℠ platforms, creating a virtual ‘Insurance Aisle’ inside the Bank that will provide a powerful source of recurring, value added, non-cyclical fee income while helping more customers save time and money on insurance.”
Insuritas pioneered the deployment of virtual “private labeled” insurance agencies that are integrated into bank and credit union operating environments – currently connected to over 5.0 million consumers and small businesses. The Insuritas solution, which is now installed in over 110 financial institutions, includes four core technology platforms that transform the shopping experience for millions of consumers for the insurance products they purchase and repurchase every year. Insuritas enables financial institutions to own an insurance agency solution without the significant capital investments required to build or buy an agency, or the inherent operational risks attendant to either of those approaches. Through a cost-effective outsourcing solution, financial institutions leverage Insuritas’ proven, end-to-end insurance agency solution. Click www.insuritas.com for additional information.
About CB&S Bank
CB&S Bank serves over 80,000 households and 2,000 businesses through branches in Alabama, Tennessee, and Mississippi. Founded in 1906, CB&S Bank now operates in over 50 offices across the Southeast. CB&S Bank has over $1.5 Billion in assets. Additional information is available at www.cbsbank.com
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