Trending...
- Red Light Cameras Added in Colorado Springs
- Colorado Springs: Storytelling audio tour offers new experience in Garden of the Gods Park
- Colorado: Governor Polis's Budget Director Lauren Larson Elected as National Association of State Budget Officers President
DENVER--(BUSINESS WIRE)--National Partners PFco ("National Partners"), a wholly owned subsidiary of WebBank, announced today it has acquired Security Premium Finance Company, LLC ("Security Premium Finance"). Security Premium Finance is a privately held premium finance company founded in 1995 by Bert Irigoyen and based in Coral Gables, Florida. Security Premium Finance provides insurance premium financing services for commercial and consumer clients to purchase property and casualty insurance products in Florida. This acquisition provides National Partners with diversification, geographic market opportunities and a competitive advantage in the industry. As part of the acquisition all Security Premium Finance employees are now employees of National Partners.
"We have been long impressed with the expertise and success of Security Premium, demonstrated by strong customer loyalty and earned through delivery of unparalleled customer service," said Bruce Lundy, President of National Partners. "Security Premium's partnership with National Partners will allow us to mutually expand and grow throughout Florida and beyond."
More on Colorado Desk
"We believe National Partners is a strong strategic fit for Security Premium Finance that will allow us to grow exponentially in the Florida market and expand into other states," said Bert Irigoyen, President of Security Premium Finance. "The Security Premium Finance team is excited to join forces with the National Partners team."
About National Partners
Dedicated to providing the highest standards in the premium finance industry, National Partners, a wholly owned subsidiary of WebBank, works with clients of all sizes through its commercial insurance agent and broker relationships. Responsive service, ease of use and creative solutions are its hallmarks. It also offers funding programs to third-party premium finance companies, often those affiliated with agents, brokers, and MGAs, so that these smaller premium finance companies can access capital to grow and expand.
About WebBank
WebBank is a Utah chartered Industrial Bank headquartered in Salt Lake City, Utah. Since its inception in 1997, WebBank has originated and funded over $155 billion in consumer and commercial credit products. As "The Bank Behind the Brand®", WebBank is a national issuer of consumer and small business credit products through Strategic Partner (Brand) platforms, which include retailers, manufacturers, finance companies, software as a service (SaaS) and financial technology (FinTech) companies. The Bank is a leading player in the digital lending space, driving innovation in financial products through embedded finance with Strategic Partner platforms. WebBank engages in a full range of banking activities including consumer and commercial loan products, revolving lines of credit, credit cards, private-label card issuance, auto-refinancing and more. The Bank provides capital in the form of asset-backed lending and other credit facilities to Strategic Partner platforms, credit funds, and other lenders with a targeted focus on specialty finance assets. The Bank is also a leading provider of commercial insurance premium finance products through its wholly owned subsidiary National Partners and Security Premium Finance, a wholly owned subsidiary of National Partners. For more information, please visit www.webbank.com.
More on Colorado Desk
Contacts
Shannon Hutchings
shannon.hutchings@webbank.com
"We have been long impressed with the expertise and success of Security Premium, demonstrated by strong customer loyalty and earned through delivery of unparalleled customer service," said Bruce Lundy, President of National Partners. "Security Premium's partnership with National Partners will allow us to mutually expand and grow throughout Florida and beyond."
More on Colorado Desk
- Liberty Media Corporation Prices Upsized Private Offering of $425 Million of 2.25% Convertible Senior Notes Due 2027
- Grammy Award Winning Singer, Songwriter and Producer David Longoria Joins the List of Artists at VANC Fest 2022
- Top Front Range Colorado Roofing Company Expands Service Areas
- Positive Powerful Women Gather to Promote Unity in the Grand Canyon State
- Advanced Energy's AC/DC Board-Mounted Converter Simplifies Reliable Operation in Industrial and Telecom Applications
"We believe National Partners is a strong strategic fit for Security Premium Finance that will allow us to grow exponentially in the Florida market and expand into other states," said Bert Irigoyen, President of Security Premium Finance. "The Security Premium Finance team is excited to join forces with the National Partners team."
About National Partners
Dedicated to providing the highest standards in the premium finance industry, National Partners, a wholly owned subsidiary of WebBank, works with clients of all sizes through its commercial insurance agent and broker relationships. Responsive service, ease of use and creative solutions are its hallmarks. It also offers funding programs to third-party premium finance companies, often those affiliated with agents, brokers, and MGAs, so that these smaller premium finance companies can access capital to grow and expand.
About WebBank
WebBank is a Utah chartered Industrial Bank headquartered in Salt Lake City, Utah. Since its inception in 1997, WebBank has originated and funded over $155 billion in consumer and commercial credit products. As "The Bank Behind the Brand®", WebBank is a national issuer of consumer and small business credit products through Strategic Partner (Brand) platforms, which include retailers, manufacturers, finance companies, software as a service (SaaS) and financial technology (FinTech) companies. The Bank is a leading player in the digital lending space, driving innovation in financial products through embedded finance with Strategic Partner platforms. WebBank engages in a full range of banking activities including consumer and commercial loan products, revolving lines of credit, credit cards, private-label card issuance, auto-refinancing and more. The Bank provides capital in the form of asset-backed lending and other credit facilities to Strategic Partner platforms, credit funds, and other lenders with a targeted focus on specialty finance assets. The Bank is also a leading provider of commercial insurance premium finance products through its wholly owned subsidiary National Partners and Security Premium Finance, a wholly owned subsidiary of National Partners. For more information, please visit www.webbank.com.
More on Colorado Desk
- Maxar to Build 14 Spacecraft Platforms for L3Harris as Part of Space Development Agency's Tranche 1 Tracking Layer Program
- Serenity Movers Delivers First-Class Moving Services in NYC
- Colorado Springs: Sunrise openings return on Pikes Peak – America's Mountain
- UPSKLS Acquires Work Simplr to Change the Way Work Gets Done
- DAT introduces the DAT One app, providing expanded mobile access to the industry's largest load board
Contacts
Shannon Hutchings
shannon.hutchings@webbank.com
Filed Under: Business
0 Comments
Latest on Colorado Desk
- Gospel Charting Artist Jeremiah Nedu Is On The Rise With New Single "Your Mercy"
- Veritone Voice Breaks Language Barriers with David Meltzer's The Playbook Podcast Reaching Over 500 Million Spanish Speakers
- Peer-Reviewed Study Shows Measurable Impact on Employee Health and Productivity from Employee Assistance Program
- Colorado: Gov. Polis Statement on Line of Duty Death of El Paso County Sheriff's Deputy
- HWS Announces Top 10 Low Cost Vacation Spots
- World's First Walkie-Talkie Bone Conduction Sport Headphones
- Colorado Author Writes a Magical Killer Whale Tale
- Gatos Silver Provides Bi-Weekly Status Report
- Colorado: Polis Administration's Insurance Commissioner Conway Appointed to Congressional Budget Office Panel of Health Advisers
- Construction Begins on Comprehensive Sedation Dentistry Center in Frederick Maryland
- Protecting Consumers and Saving People Money: Bipartisan Hospital Transparency Law to Take Effect Across Colorado on August 10th
- Colorado Springs: Military advocate and spouse, Heba Abdelaal, honored with Spirit of the Springs Award
- Kinugawa Onsen Celebrates its 330th Anniversary AND Kawagoe City Celebrates its 100th Anniversary - Both with Fireworks!
- Advanced Energy to Participate at Upcoming Investor Conferences
- Menashe Properties, Inc. Announces Acquisition of Stanford Place III
- VA Center of North County Hosts It's First Annual VANC Fest; an Art, Music and Culinary Experience
- Advanced Energy Adds 300 W Power Supply to SLB Series, Expanding its Low Power Open Frame Products
- Colorado Springs: City Council seeks volunteers to serve on Boards, Commissions, and Committees
- Polis Administration Announces New Steps & Resources to Combat Monkeypox in Colorado, Applauds Federal Monkeypox Public Health Emergency Declaration to Help Ensure More Resources are Available to States
- 10 Years in the Making: #LatinaGeeks Celebrates 10th Anniversary with Inaugural Inspirada Awards & Fundraising Gala