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...es. The CyberLoan system matches financial information found in the loan appli...

... our stacks. Take some time and browse through our library. We have thousands of articles, checklists, tip sheets, sales letters, and more! Communications Marketing Customer Service Planning Finance/Accounting Risk Management Human Resources Selling Legal and E&O Technology Life/Financial Services Glossaries Management Resources & Links Categories Popular Recent All Back Evaluating Bank Opportunities 4/30/2013 10:36:15 PM by CompleteMarkets Editor , Carol Hammes This content has not been rated yet. EVALUATING BANK OPPORTUNITIES by Carol Hammes Faced with shrinking profit ... from their traditional products and services, financial institutions have been searching for ways to expand their activities and help cover some of the overhead. Selling insurance as part of a full financial services package seemed to be a logical choice for this expansion. Banks and savings & loans that could legitimately be in the insurance business started out selling Life insurance and annuities, with many of them doing pretty well at it. Some of these 4,000+ banks also tried to tap the Property/Casualty market, frequently with much less success ... the people in the selling agency have been in the insurance business for more than 20 years, they may be suffering from a little bit of boredom or burnout. An opportunity to be at the forefront of a different type of marketing program can give them a new lease on their professional lives. Unfortunately, not every bank acquisition of an insurance agency is a marriage made in heaven. There are almost always adjustment problems for entrepreneurial agency owners who sell their ownership and then agree to work for a buyer. After all, once ...