Jan. 04, 2023
Washington, D.C. (Jan. 4, 2023) — The Independent Community Bankers of America (ICBA) today announced the 21st consecutive dividend for community banks participating in the Travelers ICBA insurance program’s Policyholder Safety Group Dividend plan. More than 1,150 community banks will share a dividend of more than $2.3 million based on program participation in 2021.
“ICBA is pleased to work with Travelers to offer this value-added member benefit once again this year,” ICBA Senior Executive Vice President of Community Bank Solutions Kevin Tweddle said. “Travelers offers an assortment of insurance offerings tailored to the unique needs of our community bank members. The potential to earn a dividend as well brings an added level of service and highlights the long-term value of the program to community banks.”
For the past 39 years, Travelers has been an ICBA Preferred Service Provider, helping community banks mitigate risks by offering a suite of insurance products, including property, general liability, auto, workers’ compensation, crime, cyber risks, fiduciary liability, employment practices liability, bankers’ professional liability, directors’ and officers’ liability, and more.
“We appreciate our relationship with ICBA and are proud to support community banking through dividend payouts totaling over $75 million,” said Laura Lundin, Vice President of Financial Institutions at Travelers. “We look forward to many more years of partnering with community banks on their insurance and risk management needs.”
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 roughly 99 percent of all banks, employ nearly 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.