For More Information Contact:          

Julianna Graham, California Bankers Association, (916)-438-4448 [email protected]

Josh Miller, KeyState Companies, (702) 598-3738 [email protected]



California Bankers Association endorses KeyState’s Bank Captive Program


SACRAMENTO, CA. (April 2016) The California Bankers Association’s Insurance and Services, Inc. has voted to endorse KeyState’s Bank Captive Program.  California Bankers is one of twenty state banking associations to endorse this fast growing program.


California 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 program was established in December 2012 and since has been implemented by over 40 banks in 13 states and 7 fed districts.  The program is the largest bank captive program in the country. 




About California Bankers Association

The California Bankers Association provides its member banks with the resources they need to succeed in California’s dynamic and innovative marketplace. From compliance software to insights on the industry and office supplies, CBA is constantly identifying new and needed resources for its members. Learn more about the CBA at or call (916)-438-4400.


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 or call (702) 598-3738.