NU Online News Service, May 2, 2003, 6:07 p.m. EDT – InsurBanc, Farmington, Conn., says it has doubled in size in the past year, attracting $26 million in deposits and accumulating $40 million in assets.
Independent Insurance Agents & Brokers of America, Alexandria, Va., and W.R. Berkley Corp., Greenwich, Conn., started the federal savings bank two years ago to serve independent agents and brokers and their clients.
InsurBanc offers certificates of deposit, credit cards, consumer loans, mortgages and other consumer banking products. It also offers lines of credit, commercial term loans, commercial real estate loans and cash-management services for producers' commercial clients.
