vba partner organizations
Bankers Insurance, LLC
Bankers Insurance was formed in 1999 by a consortium of community banks throughout Virginia that collectively provided capital to acquire established, independent insurance agencies to serve as the platform for insurance sales. Since that time, Bankers Insurance has completed a total of thirteen acquisitions, as well as undergone significant organic growth. Today, the foundation of Bankers Insurance is rooted 18 communities throughout Virginia and North Carolina. Bankers Insurance is currently the 5th largest insurance agency based in Virginia, the 85th largest insurance broker in the U.S., and the 24th largest bank-owned insurance agency in the U.S. The agency currently employs approximately 215 insurance professionals.Endorsed Vendors are organizations serving the banking industry that have been approved by the VBA as companies with which member banks should do business.
VBA Multi-Bank Title Agency Program
VBA Management Services provides management for 4 multi-bank owned title insurance agencies. Member banks earn income in the form of dividends based on their share of ownership. Over $56 million has been distributed to owner banks since 1993. In addition, the VBA offers consulting services to banks and other state banker associations that are interested in establishing title insurance agencies. The VBA works closely with Investors Title Insurance Company in Chapel Hill, NC, a company committed to the distribution of title insurance through agencies owned by financial institutions. Their dedication to banks and their superior financial ratings have earned the confidence and trust of the VBA and many of its members. With over 23 years experience, the VBA has helped more than 150 banks and 6 state banker associations become involved in the sale of title insurance.The VBA has partnerships with a bank-owned insurance agency and several bank-owned title insurance agencies to bring more value-added services to VBA member banks and their customers.