Western Independent Bankers Endorsement of BFS Group
BFS Group Receives Endorsement from WIB as Provider of Bank-Owned Life Insurance and Executive and Director Benefits Consulting
SAN FRANCISCO, CA (March 27, 2017) -Bank Financial Services Group (BFS Group) announced today that it has been awarded the Western Independent Bankers (WIB) official endorsement for bank-owned life insurance (BOLI) and executive and director benefits consulting. WIB's endorsement is granted by the WIB Service Corporation (WIBSCO), a subsidiary of WIB, for products and services that help community banks achieve success through education and advance sustainability through innovation.
This endorsement comes after a rigorous review and vetting process of BFS Group and its competitors. To be awarded such, companies must meet or exceed exacting standards designed to address the unique challenges of community banks, enhance customer relations, and contribute to the financial strength of the institution. Upon completion of an extensive due-diligence process, the BFS Group has been affirmed and awarded WIB's exclusive endorsement.
"For the past 20 years, BFS Group has focused exclusively on serving and strengthening community banks and tailoring our service and products to their needs," said Larry Rowley, Regional Managing Director of BFS Group. "And because WIB shares that same mission and set of values, we felt it to be a perfect partnership. We are 100% behind community banks and excited to move forward with WIB to better support these institutions which remain the backbone of growth and commerce in our communities and nation."
"Executive compensation and succession planning are at the top of many of our members' list of priorities. In this time of industry change, attracting and retaining bank leadership is fundamental to sustainability," said Michael Delucchi, President and CEO of Western Independent Bankers. "A partnership with BFS Group will deliver the exceptional design, implementation, and servicing of executive benefits necessary to meet the growing needs of our membership."
Betty House - SVP, Director of Strategic Alliances & COO
About Western Independent Bankers and WIB Service Corporation
For eighty years, Western Independent Bankers (WIB) has been the premier networking and educational organization for community banks across the Western United States. With over 22,000 members from 140 financial institutions, WIB advances a landscape of learning designed to inform, educate, and connect industry professionals with the resources and services necessary for maximum personal and organizational performance. WIB Service Corporation, a wholly owned subsidiary of WIB, conducts a strenuous selection process before putting the stamp of approval on an elite group of products and services that meet the highest industry standards and help WIB member banks to reduce costs, operate more efficiently, and compete more effectively. For more information, visit www.wib.org.