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.
Agency Network SIAA Acquires MGA Canopy Specialty Insurance 
Uninsurable Future: Managing the Climate-Change-Fueled Home Insurance Crisis 
Hurricane Isaias Reaches Cat 3 Status as Insurers, Adjusters, Property Owners Prepare 
AI Bubble Risks Worst S&P 500 Crash Since 2008, Strategist Says From This Issue
