Equias Alliance/Michael White Report BOLI Assets Surpass $153 Billion as of June 30, 2015

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Equias Alliance, LLC announced the results of the June 30, 2015 Equias Alliance/Michael White BOLI Holdings Report. The study analyzes BOLI holdings from a number of different perspectives including type of institution, size of institution and type of BOLI asset as of June 30, 2015.

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"The percentage of banks holding BOLI assets and the amount of BOLI assets held by banks continues to increase year after year, according to David Shoemaker, President of Equias Alliance"

Bank-owned life insurance (BOLI) assets reached over $153.1 billion as of June 30, 2015, reflecting a 4.4% increase from $146.6 billion in BOLI assets held by commercial banks, savings banks and savings associations as of June 30, 2014, according to the Equias Alliance/Michael White Bank-Owned Life Insurance (BOLI) Holdings Report™. In addition, 147 banks bought BOLI for the first time last year. "The percentage of banks holding BOLI assets and the amount of BOLI assets held by banks continues to increase year after year" according to David Shoemaker, President of Equias Alliance.

BOLI is used to recover costs of employee benefits and offset liabilities for retirement benefits, helping banks to keep up with ever-rising benefit costs. BOLI may be differentiated by three types of assets: separate account life insurance (SALI) assets, also referred to as variable separate account life insurance assets; general account life insurance (GALI) assets; and hybrid account life insurance (HALI) assets, also referred to as hybrid separate account life insurance assets.

Co-produced by Equias Alliance and Michael White Associates, LLC (MWA), the Equias Alliance/Michael White BOLI Holdings Report™ measures and benchmarks the cash surrender values (CSV) of life insurance and ratios of CSV to capital attained by commercial banks, savings banks, and savings associations (the “banks”). The data in this report were submitted to regulators by all 6,348 banks operating on June 30, 2015.

To view a summary of all the key findings of The BOLI Holdings Report, please visit the Equias Alliance website at http://www.EquiasAlliance.com.

About Equias Alliance/Michael White Associates                                                                                                

Equias Alliance, LLC (“Equias”), through its group of nationwide consultants, has assisted over 800 community banks in the design and implementation of bank-owned life insurance as well as nonqualified benefit plans for selected executives. These plans help institutions increase earnings and shareholder value as well as recruit, retain and reward key officers and directors. If a bank should decide to implement a BOLI or nonqualified benefit plan, Equias has the experienced and professional staff (including attorneys and CPAs) needed to properly administer and oversee these plans. As evidence of its leadership position in the market, Equias has the exclusive endorsement of the ABA (through its subsidiary, the Corporation for American Banking) and 10 state banking associations for BOLI. Equias is headquartered in Memphis, Tennessee with 20 consultants located in 15 offices throughout the U.S.

Michael White Associates is a bank insurance consulting firm headquartered in Radnor, PA, and its published reports can be obtained at http://www.BankInsurance.com. Other reports include the MWA BOLI Capital Concentration Report™. This report assists with the regulatory requirement that each banking company must conduct a peer analysis of their BOLI holdings relative to capital and statistically assess whether its BOLI program is an outlier. Additionally, MWA Fee Income Ratings Reports™ compare, rank and rate a particular financial institution’s insurance or other noninterest fee income program nationally, regionally, statewide and by asset-peer group.

Securities offered through ProEquities, Inc., a Registered Broker/Dealer and member FINRA & SIPC. Equias Alliance, LLC is independent of ProEquities, Inc. Michael White is not a Registered Representative of ProEquites, Inc. nor a Representative of Equias Alliance, LLC.

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David Shoemaker, CPA/PFS, CFP®
Equias Alliance
+1 (901) 754-4924
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