Services State Farm Insurance Cos. has received federal approval to offer banking services nationwide by late 2001. The company opened State Farm Bank in 1999, and began training Chicago-area agents to sell its bank products earlier this year.
Those products include checking accounts, loans and certificates of deposit. The bank has no branch offices, but customers can access it through agents, automated teller machine cards, the Internet, and by mail and telephone.
Was this article valuable?
Here are more articles you may enjoy.
NAIC Victim of Cyber Incident Via PeopleSoft System 
Endless Shrimp Deal Was Scheme to Squeeze Red Lobster, Suit Says 
NYC Hires Pinnacle Actuaries, Seeks Private Partners for Housing Insurance Program 
NAIC Says Data Taken in Hack Has Been Published Online 
