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Bank Consulting
The specialists at TIB Financial Group will work with you to determine how Bank Owned Life Insurance (BOLI) can be deployed to:
- Increase ROE and ROA as tax favored returns exceed traditional bank investments by between 100 to 300bps annually.
- Provide an efficient, ongoing offset to general employee benefit costs.
- Increase the bank’s portfolio diversification to reduce reinvestment risk and smooth out earnings volatility.
- Provide a broader-based benefit package for key executives and directors.
Which Banks Purchase BOLI:
Top 60 BOLI Holders
Cash surrender value of BOLI in $000s as reports in their call reports as of 12/31/2021.
| Bank | Amount |
|---|---|
|
Bank of America, National Association |
$24,166,000 |
|
Wells Fargo Bank, National Association |
$19,532,000 |
|
JPMorgan Chase Bank, National Association |
$12,215,000 |
|
PNC Bank, National Association |
$10,496,898 |
|
Trusit Bank |
$7,235,000 |
|
U.S. Bank National Association |
$6,099,803 |
|
Citibank, National Association |
$5,290,000 |
|
The Bank of New York Mellon |
$4,553,000 |
|
Kevbank National Association |
$4,115,263 |
|
State Street Bank And Trust Company |
$3,554,000 |
|
Regions Bank |
$3,409,000 |
|
BMO Harris Bank National Association |
$3,205,555 |
|
Citizens Bank, National Association |
$2,797,937 |
|
The Huntington National Bank |
$2,685,748 |
|
First Republic Bank |
$2,650,112 |
|
Fifth Third Bank, National Association |
$2,040,699 |
|
Capital One, National Association |
$2,030,070 |
|
Santander Bank, N.A. |
$1,931,318 |
|
Manufacturers And Traders Trust Company |
$1,866,185 |
|
TD Bank, National Association |
$1,754,677 |
| Bank | Amount |
|---|---|
|
The Northern Trust Company |
$1,621,938 |
|
Comerica Bank |
$1,393,000 |
|
Bank of The West |
$1,213,484 |
|
Cit Bank, National Association |
$1,201,535 |
|
New York Community Bank |
$1,184,004 |
|
Synovus Bank |
$1,060,759 |
|
First Horizon Bank |
$1,006,676 |
|
Southstate Bank, National Association |
$783,049 |
|
Bank Ozk |
$774,822 |
|
Pinnacle Bank |
$761,872 |
|
People’s United Bank, National Association |
$710,650 |
|
Hancock Whitney Bank |
$664,535 |
|
Associated Bank, National Association |
$655,453 |
|
Sterling National Bank |
$644,007 |
|
Cadence Bank |
$597,953 |
|
Webster Bank, National Association |
$572,305 |
|
Valley National Bank |
$566,770 |
|
First National Bank Of Pennsylvania |
$549,442 |
|
Zions Bancorporation, N.A. |
$537,165 |
|
City National Bank Of Florida |
$502,136 |
| Bank | Amount |
|---|---|
|
UMB Bank, National Association |
$498,373 |
|
United Bank |
$472,440 |
|
First Hawaiian Bank |
$471,819 |
|
Pacific Premier Bank |
$449,353 |
|
Simmons Bank |
$442,975 |
|
Atlantic Union Bank |
$429,397 |
|
Bokf, National Association |
$405,608 |
|
Old National Bank |
$391,410 |
|
First National Bank Of Omaha |
$386,284 |
|
City National Bank |
$370,857 |
|
Flagstar Bank, FSB |
$365,454 |
|
Wesbanco Bank, Inc. |
$350,359 |
|
Bank Of Hawaii |
$344,587 |
|
Firstbank |
$341,357 |
|
Customers Bank |
$333,705 |
|
Ameris Bank |
$331,147 |
|
E*Trade Bank |
$327,766 |
|
Umpqua Bank |
$327,745 |
|
Prosperity Bank |
$324,616 |
|
BankUnited, National Association |
$309,477 |
Remember that the FDIC limits the amount a bank can allocate to BOLI based on certain constraints. We can guide you through the myriad of plan designs to maximize bank profitability and retain and reward key executives.
