Jenkintown, PA, June 12, 2009 --(PR.com
)-- Meyer Chatfield, Corp. announced today that it has partnered with Michael White Associates in the publication of the upcoming Michael White – Meyer-Chatfield BOLI Holdings Report.
The report measures the Cash Surrender Value (CSV) of bank-owned life insurance (BOLI) held by banks and bank holding companies and benchmarks their ratios of CSV to capital. It also ranks the top banks and holding companies relative to their BOLI holdings by examining data reported to federal banking regulators. The report covers the nation’s 7,500 commercial and FDIC-supervised savings banks, as well as the 900 largest top-tier bank holding companies.
“We are pleased to partner with Michael White in the publication of the BOLI report,” said Bennett Meyer, chairman and CEO of Meyer-Chatfield. “Michael White issues a number of excellent banking and insurance publications. As a leading source of information about BOLI holdings, this report has attracted the attention of media, BOLI owners and BOLI industry service providers. We are confident that it will serve as a valuable resource to the industry.”
“Because Meyer-Chatfield plays a leading and vital role in the bank-owned life insurance marketplace, Michael White Associates is enthused that Meyer-Chatfield has agreed to partner with us on the BOLI holdings report,” said Michael White, president of Michael White Associates.
About the Michael White - Meyer-Chatfield BOLI Holdings Report™
Meyer Chatfield, Corp. is the BOLI resource for America’s banks through consultation, education and service. Our primary mission is assisting financial institutions in crafting and deploying valuable, tax advantaged, BOLI strategies. Meyer-Chatfield have initiated, managed and serviced billions of dollars in BOLI transactions for hundreds of banks nationwide. The company is committed to compliance; its principals have been advisors to the regulators since 1994 and worked with the OCC on the inter-agency guidance for BOLI, OCC 2004-56. Meyer-Chatfield’s headquarters are in Jenkintown, PA with expert consultants in offices nationally. For the most extensive set of unified BOLI information online, go to www.meyerchatfield.com
Michael White Associates (MWA) is a bank insurance consulting firm headquartered in Radnor, PA, and at www.BankInsurance.com. The Michael White - Meyer-Chatfield BOLI Holdings Report™, sponsored by Meyer-Chatfield Corp., is one of several MWA reports dealing with bank fee income activities. Another, the MWA BOLI Capital Concentration Report™, meets the regulatory requirement that each banking company must conduct a peer analysis of its BOLI holdings relative to capital and statistically assess whether its BOLI program is an outlier. Additionally, MWA Fee Income Ratings Reports™ compare, rank and rate a particular financial institution’s insurance or other noninterest fee income program nationally, regionally, statewide and by asset-peer group.
For additional information contact:
Chris Pezalla, FSA, MAAA
Senior Vice President
Meyer Chatfield, Corp.
261 Old York Rd., Suite 604
Jenkintown, PA 19046
Phone: (215) 935-1125
Michael D. White, Ph.D., CLU, ChFC
Michael White Associates, LLC.
823 King of Prussia Road
Radnor, PA 19087
Phone (610) 254-0440