National Partners PFco Acquires Security Premium Finance Company, LLC
Summary
DENVER--(BUSINESS WIRE)--National Partners PFco (“National Partners”), a wholly owned subsidiary of WebBank, announced today it has acquired Security Premium Finance Company, LLC (“Security Premium Finance”). This acquisition provides National Partners with diversification, geographic market opportunities and a competitive advantage in the industry. “The Security Premium Finance team is excited to join forces with the National Partners team.” Dedicated to providing the highest standards in the premium finance industry, National Partners, a wholly owned subsidiary of WebBank, works with clients of all sizes through its commercial insurance agent and broker relationships. As “The Bank Behind the Brand®”, WebBank is a national issuer of consumer and small business credit products through Strategic Partner (Brand) platforms, which include retailers, manufacturers, finance companies, software as a service (SaaS) and financial technology (FinTech) companies. The Bank is a leading player in the digital lending space, driving innovation in financial products through embedded finance with Strategic Partner platforms.