Association-Owned Banks Provide Financing For Agency Acquisition Deals 
Many bank advertisements attempt to lure customers by touting the bank's specialized expertise in the potential customer's business or industry.
For insurance agents and brokers, whose business is steeped in jargon and unique accounting conventions, such bank expertise may be difficult to come by. But there are banks that can justify their claim to having the requisite expertise, as their roots are in the same industry as their customers.
One of them is InsurBanc, a federal savings bank based in Farmington, Conn., and jointly owned by the Independent Insurance Agents & Brokers of America and the W.R. Berkley Corporation.
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