FOR IMMEDIATE RELEASE
For More Information Contact:
Lea Ann Jackson, OBA Employee Benefits Corporation, (404) 424-5252, leaann@oba.com
Josh Miller, KeyState Companies, (702) 598-3738, jmiller@key-state.com


OBA Employee Benefits Corporation endorses KeyState’s Bank Captive Program


OKLAHOMA CITY, Okla. (October 2014) Oklahoma’s banks will soon be presented with the benefits of a captive program due to the endorsement of KeyState’s Bank Captive Program by the OBA Insurance Agency, Inc., a wholly-owned subsidiary of the Oklahoma Bankers Association (OBA).

Oklahoma 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 Roger Beverage, OBA president/CEO. “Over 90 percent of Indiana’s eligible banks have already formed or will form their own captive insurance company by year end since the Bank Captive Program was introduced by KeyState, less than two years ago.”

“The benefits are so compelling which is why EBC’s Board voted unanimously to endorse KeyState’s Bank Captive Program and make the captive available to OBA’s members,” added Beverage.



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About OBA Employee Benefits Corporation

OBA Insurance Agency, Inc is a wholly owned subsidiary of the Oklahoma Bankers Association (OBA) that specializes in products and services for the banking industry. Created in June 1897, the OBA’s primary mission is to help banks cope with their common concerns and needs. The OBA works with banks to ensure they have the tools they need to support their communities. Learn more about the OBA at www.oba.com or call (866) 424-5252.

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.