State Farm Insurance Cos. has received federal approval to offer banking services nationwide by late 2001. The company opened State Farm Bank in 1999, and began training Chicago-area agents to sell its bank products earlier this year.
Those products include checking accounts, loans and certificates of deposit. The bank has no branch offices, but customers can access it through agents, automated teller machine cards, the Internet, and by mail and telephone.
Was this article valuable?
Here are more articles you may enjoy.
Iran’s Grip on Hormuz Is Tighter Than Ever After a Month of War 
Public Adjuster Accused of Swiping $600,000 in Hurricane Ian Insurance Payments 
Taylor Swift Sued for Trademark Infringement Over ‘Life of a Showgirl’ 
A Little Behind Schedule, But Execs Say Sypher Insurance is on Track for May Debut From This Issue
