FNBA expands insurance services and launches new productsMortgagePress.comMortgage insurance
1st National Bank Holding Company, parent of 1st National Bank
of Arizona, 1st National Bank of Nevada and 1st Heritage Bank in
Southern California, has expanded its insurance subsidiary, FNB
Insurance Services LLC. The company has officially launched a new
property and casualty insurance division called 1st National Bank
Insurance Services and has expanded the insurance services of two
other bank divisions.
The 1st National Bank Insurance Services group offers property
and casualty insurance for commercial construction, developers,
contractors, retail, manufacturing and professional services. In
addition, the company will provide special expertise in aviation
and ground transportation services. Additionally, FNB Insurance
Services encompasses 1st National Wealth Management's life, health
and accident insurance group and Community Association Banc
Insurance Services. The latter specializes in providing insurance
and risk management services to property management companies and
community associations of all sizes and types.
Roger C. Gustafson has been appointed managing director of 1st
National Bank Insurance Services and Community Association Banc
Insurance Services. He will be based at 1st National Bank Holding
Company's Scottsdale, Ariz. headquarters. Prior to joining 1st
National Bank Insurance Services, Gustafson worked with the bank to
develop the new services through his consulting company Skye
International LLC. Before that, he was managing director and
regional manager for Marsh Aviation, a division of Marsh USA.
Gustafson has more than 28 years experience in the insurance
brokerage business and holds an MBA from Pepperdine University.
In other news, FNBA has introduced three new lending products
with 100 percent financing options—Arizona Express, the
5-Year Hybrid Cash Management Adjustable-Rate Mortgage (ARM) and
100 percent financing on alt-A fixed and ARM products with lender
paid mortgage insurance.
Arizona Express is a streamlined documentation program designed
to offer customers with excellent credit a more efficient way to
close their loans at attractive interest rates. The 5-Year Hybrid
Cash Management ARM provides borrowers with four payment options to
manage their cash flow, while offering them increased protection
against rate instability and market movement via a longer recast
period and interest-only term. Enhancing FNBA's foundational alt-A
products, 100 percent financing on alt-A fixed and ARM products
with lender-paid mortgage insurance accommodates customers via
streamlined underwriting guidelines, expanded credit parameters and
For more information, visit www.fnbavenue.com or www.fnbins.com.