Over the past 15 years, Bank Financial Services has become the most respected firm in the niche business of supplemental benefit and retirement plans for bank executives and directors.
Through its team of 12 regional partners in 10 regional offices, Bank Financial Services Group delivers Supplemental Benefits and BOLI financing services to banks all across the country. As a team, BFS offers more than 150 years of experience and expertise in the industry, having created supplemental benefits packages for over 500 banks.
From its headquarters in Princeton, New Jersey, BFS offers a back office and support system unrivaled in the industry. For our clients, this means questions answered quickly and instant access to the most up to date information and advice in the industry.
Whether your bank has a plan in place or needs to create a new plan, the BFS team will do the thorough analysis and planning to get you and your key employees where they need to be in retirement.
The proven BFS approach is built on three key components:
1Executive Director Incentives
We create customized strategies for enhanced benefits to motivate and retain the key drivers at the bank. Your bank’s success depends on attracting great people, and providing the necessary benefits for them to stay.
2 Financing Strategies to Offset Costs and Improve the bank’s bottom line
Through high performing and high credit quality BOLI policies, BFS helps you increase after tax ROI, offset the rising cost of employee benefits programs and improve the banks bottom line. It’s a win, win, win.
3 Independent Compliance Monitoring
Working with a TPA, we ensure that you are provided with a comprehensive pre- purchase analysis to ensure full compliance with all regulatory guidelines and quarterly administration and reporting. You can focus on running your bank. BFS will take care of your Supplemental Benefits.