Washington, D.C. (Dec. 17, 2019) —The Independent Community Bankers of America® (ICBA) today announced that more than 1,200 member banks will share a policyholder dividend totaling more than $4.4 million as participants in the ICBA/Travelers insurance program in 2018. This is the 18th consecutive year that a dividend is being paid out to participating ICBA members.
“ICBA is proud to offer community banks this tremendous benefit,” ICBA Services Network Chief Operating Officer Kevin Tweddle said. “The Travelers safety group dividend program provides our participating members with enormous value and access to resources to help manage their risk so they can focus on what matters most—providing personalized service to help customers realize their financial goals and benefit their communities.”
Travelers offers insurance protection and risk mitigation solutions to help community banks address a variety of risk exposures, including corporate management, crime, cyber risk, operational liabilities, property, auto and workers compensation. Additionally, through Travelers Cyber AcademySM, community banks enjoy access to topical articles and webinars that apprise them of the latest loss-control tools and ways to identify and mitigate their risk exposure.
“Helping protect and prepare community banks has always been a priority for the ICBA/Travelers program,” said Laura Lundin, vice president of financial institutions at Travelers. “We’re proud of our long-term relationship with the ICBA, during which we’ve issued more than $65 million in policyholder dividends to participating member banks.”
For additional information about community banks, visit www.icba.org.
The Independent Community Bankers of America® creates and promotes an environment where community banks flourish. With more than 50,000 locations nationwide, community banks constitute 99 percent of all banks, employ nearly 750,000 Americans and are the only physical banking presence in one in three U.S. counties. Holding more than $5 trillion in assets, nearly $4 trillion in deposits, and more than $3.4 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.