Community Bankers Association of Illinois

VisionLink For Banks


Many of our clients have recently learned of the very significant losses ($315MM) reported by Wachovia related to their BOLI policies as detailed in the May 7th edition of the American Banker, in an article entitled: New "Rock" to Look Under: New Hits from BOLI. We want to alert our clients to this article and discuss its relevance to the separate account policies of our clients.

M Benefit Solutions - Bank Strategies recently released their latest Banker Alert! to address this topic. Please click here to read the alert (or copy and paste the following link into your internet browser: https://www.mben.com/bank/documents/Advisor%20Resources/External%20Communications%20Pieces/News%20and%20Events/00_Recently%20Declared%20Wachovia%20Losses%20Related%20to%20BOLI%20Policies.pdf).

If you have any questions, or would like to discuss this further, please let us know.

Sincerely,

Russell McMillan
rmcmillan@visionlinkforbanks.com
VisionLink For Banks

  800.736.2224 (IL) | 217.529.2265  
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