Roanoke Rapids Savings Bank to Launch Digital Insurance Agency through Partnership with Insuritas and Community Insurance Services a subsidiary of the North Carolina Bankers Association (NCBA)

On September 17, 2021

Roanoke Rapids, NC and East Windsor, CT (September 17, 2021) – Roanoke Rapids Savings Bank will be the first bank to partner with Insuritas, a full-service digital insurance agency platform, through a joint venture with Community Insurance Services LLC. The new insurance agency, Community Insurance Services, launched as of August 30, 2021 and is engineered to offer a full suite of auto, home and small business insurance products to their customers.

“Roanoke Rapids Savings Bank (RRSB) is excited to be working with Insuritas and Community Insurance Services. We look forward to our partnership, and most importantly the value that it adds to the relationships we have with our clients and our community. We are proud to be the first bank to take part in this venture because we believe it aligns perfectly with the RRSB mission and vision.” Said Robbie Harvell CEO of RRSB.

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

Roanoke Rapids Savings Bank 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 allows even our smallest 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 Roanoke Rapids Savings Bank Roanoke Rapids Savings Bank was founded in 1914 in Roanoke Rapids, North Carolina. The purpose of the Bank was to provide a means to house the community. These means have been met through the years by paying a good return on customer deposits of which loans have been made on residential houses. This type of business is still today the predominant business of the Bank. However, because of deregulation, many traditional banking services have been offered since October of 1988. Services such as checking accounts, consumer loans, Master Card loans, automated teller machines, on-line banking give the Bank’s customers a one stop banking facility for all their personal banking needs.

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