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Bank Insurance Consultancy Teams With Law Firm

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NU Online News Service, May 20, 11:45 a.m. – Michael White Associates L.L.C., Radnor, Pa., a bank insurance consulting firm, says it will be working with Powell Goldstein Frazer & Murphy L.L.P., Washington, a law firm, to help community banks set up and expand insurance sales operations.

Michael White Associates will handle bank insurance consulting products and services, and Powell Goldstein will handle legal, regulatory and compliance issues, the firms say in a joint statement.

Powell Goldstein specializes in advising banks on establishing financial holding companies and subsidiaries, acquiring and licensing insurance agencies, and complying with state insurance rules.