The Right Coverage for Your Banking Needs: Why Relationship Banking Helps Protect Your Assets with Allied American
Moving to a new city alone. A hurricane destroying a family’s home. Quitting a stable job to start a business. These are only some examples of how life comes with risk. With the amount of risk life brings, business owners know how important it is to have long-term stability and support in their community. That’s why local insurance companies like Allied American are focused on supporting clients through times of uncertainty.
Based in Tampa Bay, Allied American (commonly referred to as Allied) serves customers by providing the right solutions and customizing their insurance coverage based on what they need.
After opening in 2002, Allied American understands people want an insurance company that not only provides the right coverage but also acts as a partner who knows what to do when something goes wrong. In the same way, their banking partner, Bank of Central Florida, strives to show the same care towards caution and planning as Allied grows nationwide.
Allied’s Chief Executive Officer Joesph Jones appreciates how Bank of Central Florida serves them: the bank’s team takes time to know about their organization first. “The bank has shown us that they are willing to learn our business. That’s unusual with a bank,” Mr. Jones explains, “It’s critical to us because they are a partner of our business, not just an extension of it.”
Once they spoke with Bank of Central Florida, one of Allied’s financial necessities is flexibility. Due to the industry and their operations, their clients’ needs can change day by day. “Giving Allied the ability to pivot is extremely helpful as a business,” Mr. Jones elaborates, “It gives us the ability to function and solve problems before they occur.” Allied has to remain flexible to serve their clients with their best efforts, and in turn, needs a partner who understands their business dynamics like Bank of Central Florida.
Vice President of Financial and IT Operations Laurie Mount also appreciates how Bank of Central Florida is customer focused. “As a small business, Bank of Central Florida understood our desire to control costs [when providing solutions]. They understand the importance and urgency of what we do and are always there to accommodate and help,” Laurie continues; “they are a great partner to make what we need happen.”
As a part of the Bank’s treasury management service offerings, Allied can easily manage cash flow using ACH, Positive Pay, and online bank balancing technology. Mrs. Mount finds the bank’s offerings user friendly and very easy to use. Whenever an issue has arisen, Mrs. Mount is confident in the bank’s ability to solve the problem efficiently. “If we have any trouble, we can call anyone on the Treasury Management Team,” she clarifies, “it doesn’t matter what time of day it is, they will resolve our issues as quickly as possible.”
As Allied has continued building a relationship with Bank of Central Florida, Mr. Jones’ lasting impression is the bank’s prioritization of client relationships regardless of circumstances. He recalls that “from the first meeting [with Bank of Central Florida], I was amazed [by their ability] to understand what will make our life easier instead of
trying to sell me a [banking] product.”
Having the right partner means having someone who understands your business and is willing to come alongside you when challenges arise. Bank of Central Florida is here to provide the solutions that protect your assets.
Get the right banking coverage and enhance your financial journey by connecting with the Bank of Central Florida team below.
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