Bank News From Associated Insurance Agents, Inc

Associated Insurance Agents

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Minnesota Banking Results

2nd Quarter YearTo-Date 2011

Highest Return On Assets

Bank	ROA	Profit in	Assets in
		Millions	Millions
University National Bank	3.87%	$5.9	$258
Venture Bank	2.29%	$3.1	$291
Vermillion State Bank	2.06%	$5.0	$479
Western Bank	1.48%	$2.7	$366
Fidelity Bank	1.42%	$2.4	$317
Castle Rock Bank	1.42%	$1.0	$143
Priior Lake State Bank	1.42%	$ 1.3	$182
US Bank	1.42%	$2,123.3	$310,099
Central Bank	1.35%	$5.1	$769
Lake Elmo Bank	1.31%	$1.8	$272

Financial information taken from the FDIC 6/30/2011 call report information

ROA is annualized.

Cyber Crime Update

There is no question that the amount of customer money stolen through on-line banking is enourmous, now estimated to be $1 Billion annually. The question that is still evolvoing is "who is responsible, the customer or the bank?"

Historically, if the account was accessed through the customers own computer, the courts have ruled that the bank is not liable. This may be changing with the recent ruling against Dallas based Comerica. A Bloomberg article from August 2011 does an excellent job in detailing the problem of cyber crime and the recent court ruling.

Agency of the Year

AiA is proud to have been named the 2011 Minnesota Independent Agency of the Year. Minnesota has nearly 3,500 independent agencies, which makes this a very humbling honor. We thank all of our customers, businsess partners and employees who have made this possible.

Read more about Agency of the Year

Minneapolis based AiA has been a leader in providing insurance solutions since 1980. AiA is a large independent agency with access to virtually every bank insurance market. AiA's strength is the ability to proactively negotiate with underwriters to maximize your coverage and minimize your cost.

Jeffrey Maas Owner and President of AiA. Jeff has been in the insurance industry for 28 years and has insured banks for 15 years. Jeff teaches continuing education classes for the MN Independent Insurance Agents Association and serves as an expert witness in Property and Casualty insurance litigation. Jeff can be reached at 763-549-2266.

Kris St. Martin Bank Program Director who has 23 years of bank president experience. Kris brings his expert understanding of the banking industry including the expertise to understand your bank's story and critical financial information. Kris can be reached at 763-549-2267.

John Gondek Executive Vice President. John brings 25 years of experience and has a MBA degree from the Carlson School of Management at the University of Minnesota. He holds the CPCU designation (Chartered Property & Casualty Underwriter) which is a premier-earned award in the industry. John can be reached at 763-549-2217