Through BUNDLE by Insuritas, Extraco Banks will scale recurring income by strategically embedding its wholly owned insurance agency into the bank’s ecosystem.

Agawam, MA (January 15, 2025) – Extraco Banks, Temple, Texas, has selected Insuritas to manage and scale their Extraco Insurance Agency, a wholly-owned subsidiary of the bank. “We are delighted to welcome Extraco Banks into the Insuritas family,” said Jeffrey Chesky, CEO of Insuritas. “Through this partnership, we will take over the operational management of the Extraco Insurance Agency and deploy our award-winning BUNDLE digital agency platform along with advanced data analytics to offer personalized insurance solutions to Extraco Banks customers, covering all of their annual insurance needs.”

Chris Kincaid, EVP and CAO of Extraco Banks noted, “This partnership will allow Extraco Banks to offer its customers a seamless experience for all their insurance and risk management needs under the trusted Extraco brand. By connecting customers with a broader selection of insurance carriers and products than any independent agency operating in TX, our customers will be able to secure the right coverage at competitive prices. At the same time, the bank will see expanded wallet share and an increase in non-interest income.”

Powered by the nation’s leading InsurTech solutions, including Insuritas’ LoanINSURE and iINSURE technologies, the Extraco Insurance Agency is positioned to deliver cutting-edge, fully embedded insurance services to Extraco retail and commercial customers. The agency will also leverage Insuritas’ deep integrations with the broadest array of insurance companies to offer truly competitive rates on home, auto, and commercial insurance.

Insuritas is the top provider of fully embedded insurance agency solutions for financial institutions nationally.

About Insuritas 

Insuritas’ mission is to connect people to the insurance products they need through a seamless, transparent shopping experience in which carriers compete to provide them with the right coverage at the right price. Leveraging proprietary data-mining techniques and integrations through its BUNDLE brand, Insuritas offers a vast network of solutions to empower partners to operate their own private labeled, full-service insurance agency. With Insuritas’ data solutions, partners can generate expanded wallet share, increased retention, and recurring non-interest revenue. For more information, visit www.insuritas.com.