INSBANK Expands Medquity Team with New Hire
INSBANK Expands Medquity Team with New Hire
NASHVILLE, Tenn., Feb. 16, 2021 /PRNewswire/ INSBANK, a Nashville-based commercial bank, today announced the addition of Zac Duckett. Zac joins INSBANK as a Relationship Manager for the Bank s healthcare divisions, TMA Medical Banking and Medquity, the latter having launched last fall. While Medquity initially launched with its web-based student loan refinance platform, Zac s expertise, with over a decade of healthcare banking, will aid in the growth and expansion of this division to provide solutions to healthcare companies and medical professionals from residency to retirement. Prior to Zac s experience in healthcare banking, he spent a number of years in commercial lending and providing brokerage services for firms in Atlanta.
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NASHVILLE, Tenn., Feb. 4, 2021 /PRNewswire/ Inscorp, Inc., parent company of INSBANK, (OTCQX: IBTN) today reported 4
th quarter earnings of $808,500 or $0.28 per share. Quarterly earnings for the Nashville-based lender were up $465,500, or $0.17 per share versus the 3
rd quarter, primarily driven by both an increase in net interest margin and a decrease in loan loss provision expense. The bank s net interest margin improved by 19 basis points over the 3
rd quarter, and provision expense decreased by $200,000. In the 4
th quarter we were pleased not only with improved financial results, but also with the resumption of loan and deposit pipelines that indicate certain sectors of our local economy are moving forward, albeit with changes driven by the pandemic, said Jim Rieniets, President & CEO of INSBANK. We re cautiously optimistic that lower funding costs and core loan growth are trends that will give us inertia into 2021, as we co
American Bankers Association appoints INSBANK CEO & President as Chairman of its Government Relations Council
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NASHVILLE, Tenn., Dec. 17, 2020 /PRNewswire/ INSBANK President & CEO Jim Rieniets was recently appointed by the American Bankers Association to serve as Chairman of its Government Relations Council. The appointment is for a one-year term and follows Rieniets service as Vice Chairman the prior year. Jim has a tremendous feel for the current and future challenges our industry faces – and the best path forward to allow banks to better serve their customers, clients and communities, said ABA President and CEO Rob Nichols. His insight and wealth of experience will serve him well as he works to develop our industry s policy priorities at the national level. The GRC Committee, representing a broad cross-section of the banking industry by size, charter, and geography, develops recommendations on positions and