Florida Banking November 2021

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can own a captive, and banks with $750 million to $15 billion in assets are generally well suited for KeyState’s Bank Captive Program. KeyState launched its program in 2012, and since that time, over 85 banks across the country have formed a captive and joined the Bank Captive Program. Based on the number of banks currently evaluating the program and/or already in the formation stage with their bank captive, KeyState expects the Bank Captive Program to grow by 15 to 20 percent over the next year. KeyState partners with Crowe, LLP in the evaluation of the captive. Currently we have a number of your

Florida peer banks in the feasibility stage of evaluating a captive with all indications moving to implementation stage. Twenty-six state banking associations, including the Florida Bankers Association, currently endorse KeyState’s Bank Captive Program. For more information on the Bank Captive Program, please contact Brian Amend, SVP & Managing Director – Eastern Region (302.425.5158 | bamend@key-state.com) or David Guerino, SVP & Managing Director of Captive Management at (802) 233-2624 | Dguerino@key-state.com.

With ARC, you can generate substantial fee income, reduce loan prepayment speeds, and expand customer relationships.

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WWW.FLORIDABANKERS.COM NOVEMBER 2021 — 19