Thursday, April 18, 2024

OBA Insurance Agency to transition to Texas Bankers Association Insurance Agency

In an effort to bring your bank more options, your OBA is in the process of finalizing an agreement with the Texas Bankers Association to transition the OBA Insurance Agency into the TBA’s insurance operation.

Judy Hanna will continue to be your agent and will work exclusively in Oklahoma and will still be located in the OBA offices.

“The idea behind this move is pretty simple,” OBA President Roger Beverage said. “We’re a very small agency with limited access to a large number of insurance markets for the benefit of our member banks. TBA’s agency, on the other hand, is of a significant size that the agency has access to a much larger array of insurance companies that we’ll be able to offer to member banks.”

Beverage said the agreement is in the final stages of being drafted, but an agreement in principle was reached and authorized several weeks ago.

If you have any questions at all about this change, don’t hesitate to contact us at the OBA.