News - Insur Banc

Generations Coming Together

May 24, 2023

With a large pool of young agents wanting to become agency owners and eager to take the reins and agency owners considering exit strategies, now is the time to have the conversation!

Whether you are an agency owner initiating your succession plan or a 30-something year old ready for an ownership opportunity, join the discussion with InsurBanc’s Scott Freiday and Keith Mangini in a recent Rough Notes article.

Click here to read the article.

Using Tech Tools in the Fight Against Bank Fraud

May 24, 2023

Insurance agents provide security and protection to their clients on a daily basis, but do you know how to protect your agency from bank fraud? Patricia Smith, InsurBanc’s Director of Cash Management, discusses ways criminals attack banking information and the tech tools you can employ to prevent fraud.

Click here to read the article.

Start the Conversation: Prepare for Agency Ownership!!

May 24, 2023

Listen to the latest Agency Nation Radio podcast with InsurBanc Division Director Scott Freiday and ECI Insurance agency principal Avery Moore as they share strategies and anecdotes for aspiring agency owners on how to get started early with proper planning and financing.

Click here to listen.

Doing Succession Planning the Hard Way

May 24, 2023

Creating a succession plan can be a daunting task. And when unforeseen events occur, the process can be overwhelming. Learn from one agency’s challenges and have the necessary conversations sooner rather than later. Connect with InsurBanc’s SVP Scott Freiday and ECI Insurance owner Avery Moore’s conversation on “Doing Succession Planning the Hard Way” in IA Magazine with Peter Van Aartrijk.

Click here to read the article.

“Inside-Outside” Game: Is an Internal Offer Really Worth Less Than an External?

May 24, 2023

Inside Buyers? Outside buyers? Become familiar with all the facts before you decide on which direction to take your agency. Scott Freiday, SVP and division director at InsurBanc, will help you understand how “inside” and “outside” buyers differ and assess what the differences mean to your agency.

Click here to read the article.

Five Reasons ESOPs Are an Excellent Option for Succession Planning

May 24, 2023

Succession planning is vital to safeguarding an agency’s legacy and preserving the industry via perpetuation. A recent article by Robert Pettinicchi, InsurBanc’s EVP and Chief Lending Officer, discusses the five reasons ESOPs may work for your succession plan.

Click here to read the article.

How to Avoid Banking Fraud at Your Agency

May 24, 2023

Banking fraud in today’s world is an ever present issue when insurance agencies are moving money. In a recent PropertyCasualty 360 article, Patricia Smith, InsurBanc’s Director of Cash Management, discusses understanding how this fraud is organized and executed to put you in a better position to protect your agency.

Click here to read the article.

Financial Health of the Independent Agent and the M&A Landscape

May 24, 2023

Listen to the latest On-Point podcast as David Tralka, president and CEO of InsurBanc, discusses the health of the independent agents, the M&A landscape and options for agency principals thinking of selling – staged exits, private equity offers and ESOPs. If you’ve ever considered a sale to a third party, Dave outlines how to justify selling internally even when an outside party offers huge money.

Click here to listen.

Not Your Father’s Agency!

May 24, 2023

Young producers are coming into their own and buying agencies. A recent article by InsurBanc loan officers Scott Freiday and Keith Mangini in Independent Agent Magazine talks about this new generation of owners and tips on how to pull this together from a young agent’s viewpoint and the owners planning their retirement. They also share four different profiles of young agents that moved into agency ownership or expanded their agencies.

Click here to read the article.

How Can a Financial Partner Help Your Agency Thrive?

May 24, 2023

After 20 years of serving the lending needs of independent insurance agencies, ask InsurBanc! Check out Dave Tralka’s latest article, “Good as Gold – 6 Ways Financial Partnering Can Help independent Agencies Thrive” in the August 2021 issue of Independent Agent Magazine from IIABA.

Click here to read the article.

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