FOR IMMEDIATE RELEASE
For More Information Contact:
Michelle Crume, OBL BankServices, (614) 340-7622, [email protected]
Josh Miller, The KeyState Companies, (702) 598-3738, [email protected]

OBL BankServices endorses KeyState’s Bank Captive Program

COLUMBUS, Ohio (November 2014) OBL BankServices, a wholly-owned subsidiary of the Ohio Bankers League (OBL) has endorsed KeyState’s Bank Captive Program and named KeyState Captive Management as an endorsed business partner.

Ohio banks with over $1 billion in assets will have the opportunity to form their own captive insurance company to cover risks that are not currently commercially insured and enhance the enterprise risk profile of their bank through KeyState’s Bank Captive Program.  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.

“The program is already a proven success.” explained Michelle Crume, OBL BankServices executive director & OBL senior vice president. “We have three Ohio banks currently participating in the program and we are excited to bring the program to all eligible Ohio banks.”

“The benefits are so compelling which is why the OBL BankServices’ board of directors voted unanimously to endorse KeyState’s Bank Captive Program and make it available to OBL members,” added Crume.

OBL BankServices is the eighth state banking association or subsidiary to endorse the captive program with several other state banking endorsements in progress.   “We are thrilled to expand the existing program throughout Ohio and look forward to offering this program to even more Ohio banks in 2015” added KeyState CEO Josh Miller.
 
*Potential savings is an after-expense estimate and will differ based on premiums paid to and claims paid by the captive in a given year.

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About OBL BankServices

OBL BankServices is a wholly owned subsidiary of the Ohio Bankers League (OBL). The OBL is the trade association for the Ohio banking industry – and is Ohio’s only organization focused on meeting the needs of all banks and thrifts in the Buckeye State. For more than 100 years, the OBL has been the voice of the Ohio banking industry fostering a cooperation that has made it one of the strongest and most reputable financial trade associations in the country. By linking banks, bankers, and industry experts – and by pooling their intellectual and capital resources – the OBL serves as a powerful creator of knowledge and collective resources. The association is comprised of 200 FDIC-insured financial institutions including commercial banks, savings banks, and savings and loan associations ranging in size from just over $13 million in assets to more than $2.5 trillion. Learn more about the OBL at www.ohiobankersleague.com.

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 www.key-state.com or call (702) 598-3738.