NEWS RELEASE
Dec. 1, 2010
ABA Media Contact: John Hall
(202) 663-5473
E-mail: jhall@aba.com

AMERICAN BANKERS MUTUAL INSURANCE DISTRIBUTES $4 MILLION TO
ABA MEMBER BANKS
Total Distribution Tops $75.5 Million Since 1991

WASHINGTON – The American Bankers Association today announced that the reinsurer of its sponsored insurance program, American Bankers Mutual Insurance, Ltd., will distribute  $4 million in underwriting profits to member banks insured through ABA Insurance Services.   

American Bankers Mutual Insurance, Ltd. has declared $75.5 million in distributions to eligible member banks since 1991.  Banks that are insureds of the program and ABA members are automatically members of this company.  The program offers directors & officers liability, financial institution bond, Internet banking liability, employment practices liability and other related insurance products to community banks.   
 
"At a time when bankers are especially concerned about their personal liability, ABA is pleased to continue offering our ABA Insurance Services program as a source of stable and reliable Bond and D&O insurance for community banks," said Edward L. Yingling, ABA president and CEO.  "Designed and directed by bankers, ABA Insurance Services continues to identify and implement enhanced coverages that address the changing needs of our members."  
 
"This marks the 21st consecutive year that the reinsurance company has distributed profits directly back to our member banks," said John Manor, chairman of American Bankers Mutual Insurance Ltd.  "That is a major achievement that is a source of pride for our company and a valuable benefit for ABA members."
           
About American Bankers Mutual Insurance, Ltd.  
American Bankers Mutual Insurance, Ltd. is a bank-owned, mutual insurance company that reinsures policies written by ABA Insurance Services.  

About American Bankers Association
The American Bankers Association represents banks of all sizes and charters and is the voice for the nation's $13 trillion banking industry and its 2 million employees.  The majority of ABA's members are banks with less than $165 million in assets.  Learn more at www.aba.com.  
 

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