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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:​

        1. Increase ROE and ROA as tax favored returns exceed traditional bank investments by between 100 to 300bps annually.
        2. Provide an efficient, ongoing offset to general employee benefit costs.
        3. Increase the bank’s portfolio diversification to reduce reinvestment risk and smooth out earnings volatility.
        4. 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.