First National Bank Texas ($1.8B Assets) Hires Insuritas
Insuritas, the nation’s premier provider of turn-key insurance agencies for financial institutions announced that it has been hired by First National Bank Texas (FNBT) and First Convenience Bank (FCB), a division of FNBT. The agency will provide a comprehensive suite of insurance products for the banking customers and the communities it serves.
Bobby Hoxworth, President and CEO of First National Bank Texas stated: “By launching our wholly owned Insurance Agency we will continue our commitment of providing our customers the financial products and services they need. Our customers use insurance products, and we will provide them with a one stop shopping solution that focuses on price, convenience, and service. Hoxworth concluded: “Our commitment to providing great banking solutions, world-class service and convenient hours and now insurance will continue to contribute to our growth and expansion of our banking family.”
Jeff Chesky, President and CEO of Insuritas, noted: “First National Bank Texas’ Leadership has determined that by leveraging the powerful brand recognition they have, they can offer a full suite of insurance products to their customers as a natural extension of their core business.” Chesky added, “To provide shareholders with profitable growth, we have developed our award winning E-InsuranceAISLE™, LoanINSURE® and SmartCART Technology℠ platforms, creating a virtual ‘Insurance Aisle’ that we will install inside the Bank. This Aisle will provide a powerful lift in recurring, value added, non-cyclical fee income while helping more customers and small businesses save time and money on insurance.”
Insuritas pioneered the deployment of virtual “private labeled” insurance agencies that are integrated into bank and credit union operating environments – currently connected to over 8.4 million consumers and over 1.2 million small businesses. The Insuritas solution, which is now installed in over 150 financial institutions, includes four core technology platforms that transform the shopping experience for millions of consumers for the insurance products they purchase and repurchase every year. Insuritas enables financial institutions to own an insurance agency solution without the significant capital investments required to build or buy an agency, or the inherent operational risks attendant to either of those approaches. Through a cost-effective partnership solution, financial institutions leverage Insuritas’ proven, end-to-end insurance agency solution. Click www.insuritas.com for additional information.
About First National Bank Texas
First National Bank Texas (FNBT) and First Convenience Bank (FCB), a division of FNBT, has grown to over $1.8 billion in assets and operate in over 300 locations in Texas, New Mexico and Arizona. Their commitment to putting customers first has not changed since 1901. As FNBT continues to grow and serve customers, they will remain committed to providing a combination of modern banking convenience and old-fashioned service.