Washington, D.C. (Dec. 7, 2021) — The Independent Community Bankers of America (ICBA) today announced that a dividend of $4.1 million will be shared by nearly 1,200 member banks based on their participation in the ICBA/Travelers insurance program in 2020. This is the 20th consecutive year that a dividend is being paid out to participating community banks.
“ICBA is pleased to provide this valuable member benefit, which offers community bankers a range of insurance products at competitive rates and the potential to earn dividends through their participation in the program,” ICBA Senior Executive Vice President of Community Bank Solutions Kevin Tweddle said. “Travelers is a well-respected and trusted partner of community banks and we appreciate this relationship that continues to pay dividends for our members, allowing them to focus more resources on serving customers.”
Travelers helps community banks manage and mitigate risks by offering a full suite of services that address exposures in areas such as property, general liability, auto, workers’ compensation, crime, cyber risks, fiduciary liability, employment practices liability, bankers’ professional liability, and directors and officers liability, among others.
“Our partnership with the ICBA has spanned more than 35 years and produced total dividend payouts of over $70 million,” said Laura Lundin, Vice President of Financial Institutions at Travelers. “Community banks play a vital role in our economy, and we’re pleased to help ICBA members across the country protect the businesses they’ve worked so hard to build.”
For additional information about community banks, visit www.icba.org.
About ICBA
The Independent Community Bankers of America® creates and promotes an environment where community banks flourish. ICBA is dedicated exclusively to representing the interests of the community banking industry and its membership through effective advocacy, best-in-class education, and high-quality products and services.
With nearly 50,000 locations nationwide, community banks constitute 99 percent of all banks, employ more than 700,000 Americans and are the only physical banking presence in one in three U.S. counties. Holding more than $5.8 trillion in assets, over $4.8 trillion in deposits, and more than $3.5 trillion in loans to consumers, small businesses and the agricultural community, community banks channel local deposits into the Main Streets and neighborhoods they serve, spurring job creation, fostering innovation and fueling their customers’ dreams in communities throughout America. For more information, visit ICBA’s website at www.icba.org
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