FOR IMMEDIATE RELEASE
For More Information Contact:
Max Cook, MBA Bankers Service Corporation, Inc., (573) 636-8151, cmcook@mobankers.com
Josh Miller, KeyState Companies, (702) 598-3738, jmiller@key-state.com


MBA Bankers Service Corporation, Inc. endorses KeyState’s Bank Captive Program


JEFFERSON CITY, Missouri (December 2014) MBA Bankers Service Corporation, Inc., a wholly-owned subsidiary of the Missouri Bankers Association (MBA) has endorsed the KeyState Captive Management’s Bank Captive program and named KeyState Captive Management an Endorsed Associate Member.

Missouri 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.

“We are thrilled to bring this program to eligible MBA members,” explained Max Cook, Missouri Banking Association president/CEO. “This program’s benefits are very compelling and we look forward to working with KeyState Captive Management to introduce the program.”

“We have had great success with the program in other states and we look forward to replicating that success in Missouri” added Josh Miller, KeyState Captive Management’s Chief Executive Officer.

MBA Bankers Service Corporation is the ninth state banking association or subsidiary to endorse the captive program with several other state banking endorsements in progress. 


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About MBA Bankers Service Corporation, Inc.

MBA Bankers Service Corporation, Inc., Inc is a wholly owned subsidiary of the Missouri Bankers Association (MBA), which was founded in August of 1891 during a gathering of bankers in Lebanon. Membership includes commercial banks and savings and loan associations representing over 2,000 banking locations and over 30,000 bank employees in the state of Missouri. The Missouri Bankers Association is the principal advocate for the Missouri banking industry and is dedicated to providing products and services that bring benefits to its members. Learn more about the MBA at www.mobankers.com or call (573) 636-8151.

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.