Community bankers interested in selling insurance can make more money teaming up with an agency than buying one or starting from scratch, an insurance consultant says.

Joint ventures offer the typical bank a 66% return over 10 years, versus a 27% return buying an agency, Paul Buse told industry executives at the American Bankers Association convention here.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.