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Washington, D.C. (Jan. 14, 2025) — The Independent Community Bankers of America (ICBA) today announced that the Travelers ICBA insurance program will distribute its 23rd consecutive dividend to participants in the Policyholder Safety Group Dividend plan, bringing the total amount distributed since the program’s inception to nearly $85 million. Almost 1,100 community banks across the country will benefit from this year’s dividend based on their 2023 program involvement.
“As an ICBA Preferred Service Provider, Travelers consistently delivers outstanding value to our members by helping them protect their investments,” said Senior Vice President of ICBA Innovation Adam Mahone. “The program’s continued success underscores its vital role in helping community banks manage risk and safeguard their financial stability, enabling them to focus on their mission of serving customers and strengthening communities.”
Since its launch, the Travelers ICBA insurance program has supported thousands of community banks in managing and mitigating risks through an extensive suite of insurance products. These include property, general liability, auto, workers’ compensation, crime, cyber risks, fiduciary liability, employment practices liability, bankers’ professional liability, and directors’ and officers’ liability, among others. Travelers’ financial strength, coupled with its team of industry experts ranging from underwriters to claims professionals, ensures robust protection for community banks.
“Supporting community banks in managing their insurance needs is fundamental to our work,” said Camie Snell, vice president of financial institutions at Travelers. “This relationship with ICBA highlights our shared commitment to the success of community banks, which are vital in fostering small businesses and boosting local economies across the nation. We are proud to collaborate on this significant program.”
About ICBA
The Independent Community Bankers of America has one mission: to create and promote an environment where community banks flourish. We power the potential of the nation’s community banks through effective advocacy, education and innovation.
As local and trusted sources of credit, America’s community banks leverage their relationship-based business model and innovative offerings to channel deposits into the neighborhoods they serve, creating jobs, fostering economic prosperity, and fueling their customers’ financial goals and dreams. For more information, visit ICBA’s website at icba.org.