Washington, D.C. (Jan. 18, 2024)—The Independent Community Bankers of America (ICBA) today announced that its partnership with Travelers, which celebrated 40 years in 2023, will provide its 22nd consecutive annual dividend, bringing its total payout to more than $80 million for community banks around the country. About 1,200 community banks will share a dividend from the Travelers ICBA insurance program’s Policyholder Safety Group Dividend plan based on participation in 2022.
“As a longstanding Preferred Service Provider, Travelers continues to produce tangible results for our members — providing industry leading insurance options and the opportunity to earn returns for their prudent underwriting,” ICBA Senior Executive Vice President of Community Bank Solutions Kevin Tweddle said. “We’re proud of our long-standing affiliation with Travelers and we look forward to continuing our work to empower the nation’s community banks so they can focus on what they do best — building enduring relationships with their customers and bettering their communities.”
In collaboration with ICBA, Travelers has helped thousands of community banks mitigate risks through 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. Backed by financial stability and a team of industry-leading experts that spans underwriters to claim professionals, Travelers insures and helps protect a community bank’s assets.
“We’re proud to have partnered with the ICBA over the past 40 years, helping community banks address their unique and evolving insurance needs,” said Laura Lundin, vice president of financial institutions at Travelers. “Celebrating this milestone means a great deal to us, because when community banks flourish, so do the communities they serve.”
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.