Tennessee Bankers Association endorses KeyState’s Bank Captive Program


NASHVILLE, TN. (October 2015) Tennessee’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 Tennessee Bankers Association (TBA).


Tennessee banks with over $1 billion in assets will have the opportunity to form their own captive insurance company through KeyState’s 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 captive program is led by a very strong and valuable team. We are confident in the benefits of the program and look forward to seeing many banks utilize it in 2016,” says Colin Barrett, President of the TBA.


The KeyState Captive Program has been endorsed by seventeen state banking associations or their for profit subsidiary with several other endorsements in progress.





About Tennessee Bankers Association

The Tennessee Bankers Association (TBA) is a trade association established to serve the needs of the state’s banks, thrift institutions, and trust companies. Among other activities, the association provides continuing education, develops and monitors state and federal legislative agendas, disseminates information on all facets of the financial services industry, and promotes the public image of financial institutions. Learn more about the TBA at www.tnbankers.org or call 615-244-4871.



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.