FOR IMMEDIATE RELEASE
ICBA and M Benefit Solutions—Bank Strategies Celebrate Five-Year Anniversary of PSP Offering, Extend Relationship
Washington, D.C. (June 1, 2009)—The Independent Community Bankers of America (ICBA) and M Benefit Solutions—Bank Strategies announced today that they have extended their relationship through December 2011. The extension celebrates M Benefit Solutions’ fifth year as an ICBA Preferred Service Provider for executive and director benefits, compensation consulting and Bank Owned Life Insurance (BOLI) solutions.
“Over the past five years, M Benefit Solutions has helped ICBA member community banks attract, retain and reward key executives and directors through the design, implementation and administration of benefit programs that maximize the use of a bank’s financial resources,” said Dan Clancy, ICBA senior vice president of services. “We are pleased to extend this relationship so member community banks can continue to take advantage of M Benefit Solutions’ offerings.”
Based in Portland, Ore., M Benefit Solutions—Bank Strategies offers ICBA members a total solution for executive and director benefit plan design and administration, with the effective use of BOLI to help banks achieve their strategic goals. M Benefit Solutions—Bank Strategies also offers ICBA members a 10 percent discount on administrative fees for executive and director benefit programs, BOLI and various compensation programs.
“It is a privilege and honor to continue to be recognized as an ICBA Preferred Service Provider,” said Don Friedman, president and CEO of M Benefit Solutions. “ICBA sets rigorous standards for selecting their Preferred Service Providers, and earning this extension is a testament to the long-term commitment to our clients, the depth and caliber of our staff, our exceptional technical and compliance capabilities and our financial strength. We fully support the ICBA’s efforts to keep the community banking industry strong and prosperous and we seek a similar goal with the services and products we offer.”