Click Cover to Read Digital Edition

AVAILABLE IN THE APP STORE
iPAD APP
iPHONE APP

UPCOMING EVENTS

 
ABA National Agricultural Bankers Conference
November 9-12
Hilton
Omaha, Neb.
 
ICBA National Convention
March 1-5, 2015
Gaylord Palms Resort
Orlando
 
ABA Mutual Community Bank Conference
March 22 & 23, 2015
Marriott Marquis
Washington, D.C.
More events >  

<- Back

Share |

Print Friendly and PDF

American Bankers Mutual Insurance Ltd. Distributes $1.1 Million to ABA Member Banks

 

Dec 18 - The American Bankers Association has announced that American Bankers Mutual Insurance Ltd. will distribute $1.1 million to be shared by qualified ABA member banks insured through ABA Insurance Services Inc. 

American Bankers Mutual Insurance Ltd., the reinsurer of the ABA Insurance Services program for D&O and bond insurance, has declared distributions to eligible member banks for 24 consecutive years, totaling $79 million in distributions since the program’s inception. Banks that purchase their directors and officers, bond and related insurance from this program and are current ABA members are eligible to receive a distribution.         

“The ABA-endorsed program continues to be one of our association’s premier membership values.” said Frank Keating, ABA president and CEO. “The distribution is an added feature that our members in the program appreciate, along with the peace of mind they can have in their A+ rated professional liability coverage.”    

“For more than 26 years, the ABA-endorsed insurance program has provided a source of stable and reliable mission-critical insurance,” noted Steve Wilson, chairman of American Bankers Mutual Insurance Ltd. and chairman and CEO, LCNB National Bank in Lebanon, Ohio. “This year’s distribution by American Bankers Mutual Insurance helps demonstrate the program’s strength and commitment to the community bank industry, bankers and directors.”    

About American Bankers Mutual Insurance, Ltd.
American Bankers Mutual Insurance Ltd. is a bank-owned, mutual insurance company that reinsures policies written for the ABA-endorsed insurance program.    



Back