Coastal Bank & Trust to Launch Digital Insurance Agency through Partnership with Insuritas and Community Insurance Services, a subsidiary of the North Carolina Bankers Association (NCBA)
Jacksonville, NC and East Windsor, CT (January 13, 2022) – Coastal Bank & Trust is launching an insurance agency with Insuritas, a full-service digital insurance agency platform, through a joint venture with Community Insurance Services LLC. The agency is engineered to offer a full suite of auto, home and small business insurance products to their customers.
“Coastal Bank & Trust is always seeking opportunities to better benefit our customers,” said Richard Jefferson, Coastal Bank & Trust President and CEO. “Partnering with Community Insurance Services and Insuritas gives those looking for insurance, a convenient and secure way to find the right coverage for the right price. We’re excited to offer this service as another example of how Coastal Bank & Trust provides the tools needed to help customers, on a personal or business level, achieve their short and long-term financial goals.”
The insurance agency will offer more than 40 carrier partners and will offer products including auto, home, business, pet, travel and more. “We’re delighted to announce our relationship with Coastal Bank & Trust and are proud to have earned the opportunity to build, launch, and manage a full-service, digitally powered insurance agency for the bank and its customers,” said Insuritas Chairman and CEO Jeffrey Chesky. “Through our unique partnership with the NCBA, the bank will now be able to provide simple, seamless access to competitive options for their customers’ insurance needs, all with a focus on delivering the right coverages at the right price at the right time.”
NCBA President Peter Gwaltney, noted; ‘Building recurring fee income from helping customers and expanding customer wallet share will be increasingly important to our community banks, and this innovative partnership between the NCBA and Insuritas continues to allow our community bank members to provide a full-service insurance agency platform without the traditional capital, execution and reputation risks of buying or building a local agency.’
About Coastal Bank & Trust
Founded in April of 2009, Coastal Bank & Trust is the only full-service community bank headquartered in Jacksonville/Onslow County, North Carolina. The Bank offers financial products and services primarily focused on the retail customer and small- to medium-size businesses in Onslow and Carteret counties, as well as surrounding areas. Coastal Bank & Trust has offices in Jacksonville, Holly Ridge, Richlands, and Morehead City, North Carolina.
The North Carolina Bankers Association brings together all categories of banking institutions that best represent the interests of our rapidly changing state. Proudly serving North Carolina’s banking industry since 1897, the NCBA is the professional trade organization providing advocacy, leadership and support for its dynamic membership base. The Association has three subsidiaries, Centrant Community Capital, Community Bank Services (CBS) and Community Insurance Services (CIS). Centrant Community Capital provides permanent debt financing for workforce apartment communities and housing in several states. CBS offers insurance and employee benefit products, as well as other to the Association’s members and publishes a quarterly magazine, Carolina Banker. CIS has been 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 at www.ncbankers.org.