Community Bank Services Announces New Endorsed Vendor Partner

FOR IMMEDIATE RELEASE:
Contact:
Kathleen Rollinson
Director of Communications
N.C. Bankers Association
919-781-7979 (office)
919-605-5501 (cell)
kathleen@ncbankers.org 

RALEIGH, N.C. – Community Bank Services (CBS), a wholly-owned subsidiary of the North Carolina Bankers Association (NCBA), has announced its newest vendor partner, Financial Products and Services, Inc. (Financial PSI), an organization that provides insurance and financial products tailored especially for banks. Financial PSI has now been added to CBS’ repertoire of endorsed vendor companies.

Financial PSI is a wholly-owned subsidiary of the Tennessee Bankers Association (TBA) and offers a wide variety of products and services in North Carolina and beyond. In 1991, the TBA acquired a Nashville insurance agency which had served the insurance needs of many of the association’s members for more than 25 years. Renamed Financial PSI, the subsidiary set out on a mission to continue providing insurance and financial products tailored especially for banks.

Today, Financial PSI continues to exceed the association’s early expectations. A board of directors that includes prominent Tennessee bankers oversees the agency, which is growing tremendously as it continues to add new products and services. In addition, it maintains strong relationship with top-name insurance carriers and strategic alliances with endorsed service providers, like CBS. Financial PSI separates itself from the competition with its experience, volume and reputation with all major insurers. They provide a quality service at a low cost, and they stand apart from our competitors because they take the time to establish a relationship built on trust and commitment.

“We are thrilled to announce Financial PSI as our newest endorsed vendor partner,” said Kim Hutchens, executive vice president of Community Bank Services (CBS). “They will bring a unique set of services and offerings that will be incredibly beneficial to our member banks and affiliate members. We look forward to a long and successful partnership with Financial PSI and its leadership, and are excited about the advantages they will offer to our membership.”

“We are truly excited about our new partnership with the North Carolina Bankers Association to bring quality insurance products to its membership,” said Brian Mobley, president of Financial PSI. “As a wholly-owned subsidiary of the Tennessee Bankers Association, we know the unique needs of banks and have a broad array of insurance partners and products that we utilize to build solid protection for your institution. Our goal is to provide the best possible protection at the lowest possible price while servicing your account efficiently – handling things the right way, each and every time.”

NCBA affiliated companies looking to become a CBS endorsed vendor are very closely reviewed by CBS. The review process involves looking at such factors including references, financial information and cost savings of their products and services to the NCBA membership.

ABOUT COMMUNITY BANK SERVICES (CBS): 
Founded in 1980, Community Bank Services (CBS) is a proud subsidiary of the North Carolina Bankers Association (NCBA). It offers employee benefits, products and services through endorsed vendor relationships as well as a full-service insurance agency focusing on financial institution bond and directors and officers liability coverage to the membership of the NCBA. Revenues generated from CBS programs, in the form of service fees, royalties and commissions ultimately enable the NCBA to maintain its low dues structure. Since its inception more than $15.9 million has been upstreamed to the Association. For more information, visit https://www.ncbankers.org/community-bank-services/.

ABOUT THE NORTH CAROLINA BANKERS ASSOCIATION (NCBA):

The North Carolina Bankers Association (NCBA) brings together all categories of banking institutions that best represent the interests of our rapidly changing state. Proudly serving North Carolina’s banking industry since 1897, the NCBA is the professional trade organization providing advocacy, leadership and support for its dynamic membership base. As the second largest banking state in the nation, the NCBA actively promotes the professional and educational development of its members and affiliate members, and hosts countless annual events, conferences, gatherings, seminars and more. Through its government relations activities, the Association communicates with the North Carolina General Assembly, the U.S. Congress, and banking regulators on behalf of its member banks, savings institutions, and trust companies. The NCBA also provides media relations support, educational and training programs, and regulatory and compliance assistance. The Association has two subsidiaries, Community Investment Corporation of the Carolinas (CICCAR) and Community Bank Services (CBS). CICCAR provides permanent debt financing for workforce apartment communities and housing in a number of states. CBS offers insurance and employee benefit products as well as other services to the Association’s members and publishes a quarterly magazine, Carolina Banker. For more information visit, www.ncba.com or call (919) 781-7979.

ABOUT THE FINANCIAL PRODUCTS AND SERVICES, INC. (FINANCIAL PSI)

Financial Products and Services, Inc. is a wholly-owned subsidiary of the Tennessee Bankers Association and offers the following products in North Carolina:

Financial Institution Bond                                                  
•  Foreclosed Property and G/L
Directors & Officers Liability                                               
•  Workers Comp       
Cyber Liability                                                                  
•  Excess Deposit Insurance
General Liability                                                                 
•  Mortgage Protection
Professional Liability                                                          
•  Mortgage Hazard
Property Packages                                                              
•  LSI
Business Auto

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