InsurBanc
The bank of choice for Independent Insurance Agents & Brokers
InsurBanc is an independent community bank that was founded by agents exclusively for agents. Organized in 2001 by the Big “I” to serve independent insurance agents, we have developed a distinctive culture that allows us the opportunity to work with you as a partner to help optimize growth opportunities and manage your agency efficiently.
Agency Financing
Ready to take your agency to the next level? InsurBanc understands the value of your insurance agency and offers creative lending solutions to meet the needs of agencies across the country.
Cash Management
InsurBanc’s cash management program understands your unique seasonality and fluctuations and creates a customer package of products and services that provide the best return on your money and provide operational efficiencies.
Educational Videos
Articles
Stay up-to-date on important industry news and the latest products and services from InsurBanc.
- Why Agencies Should Focus on Cash Flow – by David Tralka
Revenue isn’t always the best measure of agency value, nor should it be a principal’s main concern when trying to grow or sell your agency. Smart agency owners recognize that steady and predictable cash flow is a better determinate of value.
- Why Agencies Need to Promote Opportunities for Young People – by Robert Pettinicchi
Robert Pettinicchi discusses the insurance industries’ lack of promoting opportunities to attract young adults, and some strategies to draw them into the field. Young workers today are unaware of the benefits that a career in insurance has, one that provides flexibility and autonomy from a healthy income. Rather than relying on family to perpetuate their agencies, owners should consider reaching out to a local college or starting an internship program to promote themselves to young employees.
- Why You Should Consider A Staged Internal Perpetuation – by Robert Pettinicchi
Robert Pettinicchi discusses in depth the factors to consider before selling your agency. A staged internal perpetuation is one factor to consider to keep control of the business in the family and maximize earnings. With selling, not only will you be giving up future cash flows, but also lose on a chance for a solid financial future by not widening ownership in your agency.