Motorists Mutual Insurance Company (Motorists) of Columbus, Ohio, reported it has been approved for membership at (FHLBank).
With $1.2 billion in assets and rated A (Excellent) by A.M. Best, Motorists is the 21st insurance company to join FHLBank and is among more than 180 insurance companies in the 12-district FHLBank system.
Membership allows Motorists to take advantage of FHLBank’s product line of financial services, including low-cost advances that can be used for liquidity management and general asset/liability management.
The group of companies is composed of nine property and casualty, life and brokerage companies. Motorists’ products are sold by a network of more than 4,000 independent agents in Ohio, Pennsylvania, West Virginia, Kentucky, Indiana and Michigan.
The FHLBank is a $98 billion congressionally-chartered wholesale regional bank providing financial services for residential housing and economic development to 728 member financial institutions located in Kentucky, Ohio and Tennessee.
Source: Motorists Mutual Insurance Co.,
Topics Ohio
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