VCIA - Captive Services Directory

Banking Services

Stephen J. Giurlando
steve.giurlando@bnymellon.com
212-815-7143
101 Barclay Street, 21st Floor West
New York, NY 10286
UNITED STATES
http://www.bnymellon.com
Traditional methods of providing collateral (such as Letters of Credit) to meet captive insurance company collateral requirements are increasingly posing challenges to both the managers / directors of captives, and the parents / sponsors of said captives. As a result, more and more captives from many domiciles are turning to The Bank of New York's Insurance Trust product as a more cost effective collateral mechanism. Please contact us if you are interested in learning more about this innovative, cost-saving product.

Martin G. Ellis
mgellis@comerica.com
313-222-9443
http://www.comerica.com
Comerica Bank is a leading US bank with over 150 years of experience in providing a broad spectrum of banking services. We are an industry leader that has issued 1 billion in captive letters of credit. We work with all major domiciles including Vermont, Bermuda, the Cayman Islands, Barbados, Hawaii, South Carolina and Arizona. We specialize in providing banking services to customers who wish to benefit from captive insurance and alternative risk financing programs. Those services include standby letters of credit, lines of credit to meet working capital requirements as well as custody, asset management and treasury management services.

Martin G. Ellis
mgellis@comerica.com
313-222-9443
411 West Lafayette, M/C 3331
Detroit, MI 48226
UNITED STATES
http://www.comerica.com
Comerica Bank is a leading US bank with over 150 years of experience in providing a broad spectrum of banking services. We are an industry leader that has issued 1 billion in captive letters of credit. We work with all major domiciles including Vermont, Bermuda, the Cayman Islands, Barbados, Hawaii, South Carolina and Arizona. We specialize in providing banking services to customers who wish to benefit from captive insurance and alternative risk financing programs. Those services include standby letters of credit, lines of credit to meet working capital requirements as well as custody, asset management and treasury management services.

Tony F. Martin
tony_f_martin@keybank.com
(802)660-4477
PO Box 949
Burlington, VT 05402-0949
UNITED STATES
http://www.keybank.com
Key Corp. is one of the nation's largest financial services companies, with assets of approximately 80 billion. Key's commercial banking team in Vermont will customize the right solutions with the right timing to fit your needs and enable your company to achieve anything. Connect with specialized strategic services, financing asset acquisitions, interest rate risk management, cash management, and investment banking.

Vincent F. Tirino
vincent_tirino@ml.com
516-498-3445
1010 Northern Blvd. - 4th Fl.
Great Neck, NY 11021
UNITED STATES
GPC provides a full range of financial products and services to assist clients in managing and executing all aspects of their financial profile, GPC's private wealth platform includes the following features for both institutions and high net worth individuals:- commission and fee-based investment accounts- credit products- banking services- cash management- trust and generational planning- comsumer and business lending GPC servies institutions and individuals through approximately 630 offices around the world.

Annmarie Deitrich
adeitrich@nbtbank.com
802-318-9150
150 Bank St.
Burlington, VT 05401
UNITED STATES
We are a full service commercial bank founded in 1856, which provides a broad range of financial products to individuals, corporations and municipalities throughout our markets in New York, Pennsylvania and Vermont. For the captive insurance client we offer cash management, lending, letters of credit, asset management and custody services.

Mary Santor
mary.santor@peoples.com
802-652-6139
2 Burlington Square
Burlington, VT 05401
UNITED STATES
http://www.peoples.com
Chittenden Bank, which has proudly served businesses and individuals statewide for more than 100 years, is a division of People's United Bank, a federally chartered savings bank with 20 billion in assets. People's United Bank provides consumer and commercial banking services through a network of more than 300 branches in Connecticut, Vermont, New Hampshire, Massachusetts, Maine and New York. Through additional subsidiaries, People?s United Bank provides equipment financing, asset management, brokerage and financial advisory services, and insurance services. For more information, please visit www.chittenden.com or call our Customer Service Center at 800-545-2236.

Joseph G. Hameline, Jr.
joseph.hameline.iii@ubs.com
802-860-5721
38 Eastwood Drive
South Burlington, VT 05403
UNITED STATES
The Hameline Group provides a full scope of investment management and asset allocation services for Captives, as well as helping to create and implement letters of credit and reg 114 Trusts. We also provide asset allocation for pledged portfolios for LOS\'s and reg 114 Trusts.

Robert G. Quinn
robert.g.quinn@wellsfargo.com
203-293-4394
45 Broadway - 14th Floor
New York, NY 10006
UNITED STATES
http://www.wellsfargo.com/insurancetrust
The Wells Fargo Trust is an acceptable alternative to Letters of Credit that will often save over 75% of the L/C fees, has positive balance sheet effects, and frees up corporate credit lines.