Florida Banking June/July 2025

BANCSERV ENDORSED PARTNER: FBA INSURANCE SERVICES

BANCSERV, INC. LAUNCHES NEW FBA INSURANCE SERVICES F L O R I D A B A N K E R S A S S O C I A T I O N

T he BancServ, Inc., Board of Directors is pleased to announce a new partnership between FBA/ BancServ, Inc. and FBA Insurance Services. This exciting new member service already has saved Florida banks money — and undoubtedly will continue to do so — while enhancing insurance coverage and protection. The BancServ Board, made of community bank executives, knows how valuable Florida banks are to your communities and we continuously seek out new services that help members maintain that value! Our latest offering is increased, specialized insurance options. With over 50 years of collective experience, the professional advisors at FBA Insurance Services are committed to finding innovative ways to negotiate more comprehensive coverage terms and better pricing. And, each member of our new insurance team is experienced and specializes ONLY in the insurance needs of banks. That means the insurance offered is custom tailored to match the specific needs of your bank. Banks' needs have changed. Our industry operates in a complex digital and compliance-driven environment. For example, in today’s world, a bank robber is more apt to be armed with a laptop and Internet connection than with a gun and a note. While the banking industry and its challenges evolve, you are expected to find new, appropriate ways to protect your customer’s assets. As a result, your bank’s insurance needs have also been affected — even if you don’t yet know it. The same coverages you had in place 20, 10 or even five years ago might not be sufficient today in the face of rapidly changing digital transactions and increased compliance burdens. Our insurance team understands how your business works, the unique needs of banks and how these needs continue to change. We know it is sometimes hard to move from a service provider you may have had a relationship with for

many years to another less well-known provider, but we can no longer expect a local or generalist insurance agent (no matter how good) to understand the complex needs of the banking industry. You need a trusted, knowledgeable advisor to help make important, increasingly complex decisions about insurance coverages and limits. Our industry and our members deserve unbeatable service and unbeatable coverage. FBA Insurance Services offers just that, with expertise in many bank-related coverages including: Property/Casualty, Collateral Protection, Bond/D&O, Cyber/Breach Response, and Fee Income programs. Our team offers value-added services such as free policy/coverage reviews and dedicated client service professionals. FBA Insurance Services will complete a comprehensive, due-diligence review of all carriers of bank-related insurance offered. This assures you of an unbiased perspective on your current policies and will result in honest, valuable insights about the products you depend on to support your bank. The FBA staff is committed to providing Florida bankers with the products and services necessary for success. Banking is hard enough with the red tape, fine print and never-ending legislation and regulations. You don’t need insurance to be difficult as well. This is the opportunity you deserve to make purchasing insurance simple. You can now purchase insurance from your association’s affiliate agency — an agency that knows banking inside and out. Our new insurance team, FBA Insurance Services, is ready to review your coverages today. Please feel free to contact them. Chuck Maggard, President/CEO, cmaggard@fbains. com, O: (502) 736-2671, C: (606) 682-1950; and Brandon Maggard, FI Specialist, bmaggard@fbains. com, O: (502) 736-1298, C: (606) 682-2769.

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