Agency Banking
Agency Lending Solutions for Insurance Agencies
Our agency lending solutions are designed specifically for independent insurance agencies nationwide seeking capital for growth, transition and stability. From acquisitions to perpetuation planning, our experienced team partners with agencies to deliver financing that aligns with your business model, growth strategy and long-term goals.
Specialized Insurance Agency Lending
Insurance Agency Acquisition Financing
Grow through acquisition with flexible loan structures designed to support book purchases, mergers and strategic expansion while preserving cash flow
Perpetuation and Succession Lending
Plan for the future with perpetuation financing that helps transition ownership internally, supporting long-term continuity for your agency, employees and clients
Working Capital for Insurance Agencies
Maintain liquidity and operational flexibility with working capital solutions designed to support staffing, technology investments and ongoing expenses
Premium Finance Solutions for Insurance Agencies
Peoples Premium Finance is our nationwide premium finance provider, making it easier to manage the costs of your clients’ commercial insurance premiums. Premium financing allows them to spread payments over time instead of paying large upfront costs. Your clients get predictable payments, and you get a streamlined process that supports stronger, long-term relationships.
A Banking Partner Who Understands Insurance Agencies
As the home of Peoples Insurance Agency*, our bank-owned insurance agency, we have first-hand experience navigating premium costs, cash flow needs and client expectations. That insight allows us to support fellow agencies as a true partner – never to compete for business, but to better understand your needs and help you serve your clients with confidence.
Destination Banking for Insurance Agencies
Peoples delivers a complete, one-stop banking experience for insurance agencies. Simplify your financial relationships and get consistent support from a team that understands how agencies operate, so you can focus on serving your clients.
Bank Accounts
Discover Peoples Bank’s Total Business Checking account, with online and mobile banking, which offers 500 free transactions1 every month. Our Business Statement Savings, Money Market and Certificates of Deposit also position you for growth opportunities.
Treasury Management
Increase client satisfaction with merchant card processing, have a secure electronic solution for vendor payments and employee payroll, and monitor for suspicious activity with tools like Merchant Services2, Positive Pay and ACH Collections.
Lending3
From working capital lines of credit and business credit cards to equipment financing with term loans and leases, commercial real estate loans, and insurance premium financing, we’ll help you find the right funding to keep your business moving forward.
Meet Your Agency Lending Specialist
Mike Wagar
SVP, Agency Banking
Mike partners with independent insurance agencies nationwide to deliver specialized lending solutions. With a background in corporate finance and financial services, he has held leadership roles across banking and specialty lending, spending much of his career supporting insurance agencies. He brings deep industry expertise and a relationship-driven approach to helping agency owners achieve long-term growth.
Let’s Build a Lending Plan for Your Agency
Whether you’re planning an acquisition or preparing for ownership transition, our agency lending team is ready to help. Let’s design a financing solution that supports your agency’s growth today, and your vision for the future.
*INSURANCE PRODUCTS ARE NOT FDIC INSURED; NOT A DEPOSIT; NOT GUARANTEED BY PEOPLES BANK; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; MAY LOSE VALUE.
1Transactions include any credit, debit or deposited item. Debit Card transactions and mobile deposits are unlimited and are not counted toward your total number of transactions.
2Merchant services provided by Fiserv. Fiserv is not an affiliate of Peoples Bank.
3Application and Credit Approval Required.