Solera National Bank, a wholly owned subsidiary of Solera National Bancorp, has entered into a strategic partnership with James Muniz, the agent for Allstate Insurance Company, whereby Allstate will establish a satellite agency office in each of Solera's existing and future branch locations.
Like Solera National Bank, the Muniz agency and Allstate Insurance Company serve the mainstream market but also have a focus on serving Hispanic clients. The relationship is expected to provide an opportunity for the bank to continue its community efforts of strategically aligning itself with prominent financial services firms.
Paul Ferguson, CEO of Solera National Bank, said: Our relationship with James Muniz and Allstate will allow Solera National Bank to offer our clients comprehensive financial products and services not typically offered by community banks.