Solera National Bank, a wholly-owned subsidiary of Solera National Bancorp Inc. has announced a a strategic partnership with James Muniz, Exclusive Agent for Allstate Insurance Co., whereby Allstate will establish a satellite agency office in each of Solera’s existing and future branch locations. The Muniz agency is one of the largest Allstate agencies in Colorado, with more than 5,000 client households. Like Solera National Bank, the Muniz agency and Allstate Insurance Co. serve the mainstream market but also have a significant niche market focus serving Hispanic clients.
According to the companies, the relationship is an opportunity for the bank to continue its community efforts of strategically aligning itself with prominent financial services firms.
Paul M. Ferguson, Solera National Bank CEO, said, “Our relationship with James Muniz and Allstate will allow Solera National Bank to offer our clients comprehensive financial products and services not typically offered by community banks”.
Solera National Bank is a traditional, community commercial bank with a core-competency in servicing and understanding the culturally diverse and dynamic Hispanic market.
Source: Solera
Topics Mergers & Acquisitions
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