Insurance Products and Agent Services Provided
MBA Service Corporation’s Employee Benefits Division provides a full range of employee benefit programs and benefit management services for bank employees, retirees and directors. Members that obtain their employee benefits through their Association provide reinforcement to the “Power of the Group” and are rewarded with enhanced benefit offerings, simplified administrative systems and support, and group discounted rates whenever possible.
KeyState Captive Management’s Bank Captive Program is designed by national accounting firm Crowe Horwath LLP and then administered by KeyState Captive Management. Banks that fit a certain asset size and earnings criteria can form their own wholly owned captive insurance company to finance risks (that are not commercially insured) in a tax advantaged way.
KeyState’s bank captive program has been endorsed by 23 state banking associations or their for profit subsidiaries.