HARLINGEN, Texas – December 5, 2022 – (Newswire.com)
Texas Regional Bank (TRB) introduced right this moment the addition of insurance coverage to its suite of economic companies. TRB Insurance will supply a variety of services, together with dwelling, auto, and life insurance coverage, in addition to industrial insurance coverage.
- Advertisement -
“At TRB, we place a heavy emphasis on relationships; our goal is to guide our customers on their financial journeys, and now that includes insurance,” mentioned TRB Chairman and CEO Michael Scaief. The new TRB Insurance Division comes by the use of acquisition. The financial institution acquired Mission Duncan Insurance of Mission, Texas, and plans to construct on its greater than 100-year historical past within the insurance coverage enterprise.
“We couldn’t have asked for a better partner,” mentioned Keith Padilla, CEO of Mission Duncan Insurance. “TRB will leverage our agency’s expertise to build a statewide insurance division. For our existing customers, the transition is seamless – a new name, but the same values focused on our customers and community.” TRB Insurance will function as an unbiased insurance coverage company, permitting it to buy the most effective protection and charges for its clients.
“Our consumer and business customers are busy people. They don’t have time to call around and shop for the best coverage and rates,” mentioned Ryan Newman, the president of TRB Insurance. Newman, who began with the financial institution in June 2022 to launch an insurance coverage division, added, “We make life easy by doing that for them; we do the legwork and present the best options to the customer.”
- Advertisement -
The Mission Duncan acquisition closed on Dec. 2, 2022.
“TRB is a trusted monetary chief in communities all through Texas,” Newman mentioned. “It’s a trust that’s allowed the bank to successfully launch divisions such as mortgage, wealth management, international business, and now, insurance.”
About Texas Regional Bank
- Advertisement -
As of Sept. 30, 2022, Texas Regional Bank has belongings of $2.52 billion and 26 banking facilities throughout the Rio Grande Valley, the Texas Hill Country, Houston and DFW Metroplex. Texas Regional Bank is a wholly-owned subsidiary of Texas State Bankshares, Inc., with fairness greater than $151 million and greater than 850 shareholders throughout Texas. TRB is a full-service monetary establishment providing core banking companies, belief companies, wealth administration companies, mortgage companies, worldwide banking, insurance coverage, international alternate, and public finance.
For extra information about Texas Regional Bank, go to www.texasregionalbank.com.
About Mission Duncan Insurance
Mission Duncan is an unbiased insurance coverage company primarily based in Mission, Texas. It has served South Texas and the Rio Grande Valley for over 100 years. Mission Duncan offers high-quality insurance coverage merchandise from a wide range of well-established, nationally recognized firms.
Contact Information:
Michael Scaief
Chairman of the Board / CEO
[email protected]
956-428-7474
Press Release Service
by
Newswire.com
