MISSISSIPPI BANKERS ENDORSES KEYSTATE’S BANK CAPTIVE PROGRAM – JAN 2017

FOR IMMEDIATE RELEASE
For More Information, Contact:
Mac Deaver, Mississippi Bankers Association, (601) 709-3731, [email protected]
Josh Miller, KeyState Companies, (702) 598-3738, [email protected]

Mississippi Bankers Association endorses KeyState’s Bank Captive Program

JACKSON, MS. (January 2017) Mississippi banks will soon be presented with the benefits of an innovative captive insurance program due to the endorsement of KeyState’s Bank Captive Program by the Mississippi Bankers Association.

Mississippi banks with over $1 billion in assets will have the opportunity to form their own captive insurance company through KeyState’s Bank Captive Program. The captive augments a bank’s commercial policies by covering the existing commercial deductible layers, increasing coverage levels on existing policies (excess layers), and identifying other currently unfunded risks to insure where commercial insurance is not available to the bank. The captive insurance company is implemented by Crowe Horwath LLP, a national CPA firm, and then managed on an ongoing basis by KeyState Captive Management. If properly structured, the captive may also allow the bank to take advantage of a significant small business incentive available under a section of the tax code.

“KeyState’s Bank Captive Program has an excellent reputation and we are proud to endorse it. We are enthusiastic about bringing this innovative program to Mississippi banks,” says Mac Deaver, President and CEO of the MBA.

The KeyState Captive Program has been endorsed by twenty-four (24) state banking associations or their for profit subsidiary with several other endorsements in progress.

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About KeyState Companies
Founded in 1990, The KeyState Companies are based in Las Vegas, NV and provide banks with innovative and independent services and expertise in risk management, investments, treasury, regulatory compliance and corporate governance. KeyState is not a broker dealer. Learn more about KeyState Companies at http://www.key-state.com or call (702) 598-3738.