AFS/IBEX

Message From The President

Hurricane Harvey and Irma

Our thoughts and prayers are with those affected by Hurricane Irma and the historic flooding in south Texas and surrounding areas.  Please contact our office with any questions regarding account status or e-mail service@afsibex.com.  We are working closely with our agency partners, insurance markets and insured borrowers to provide a clear line of communication and relief as we unite to help the victims of Hurricane Harvey and Irma.”


AFS"Anywhere" rolls out March 1st!

Throughout the years one of AFS/IBEX’s business mantras has always been “High-Tech/High-Touch”.  The new product we are releasing on March 1st is exactly that: “High-Tech/High-Touch”.

I am pleased to announce the arrival of “AFS Anywhere”, our new mobile access link.

AFS Anywhere is simple to use, just visit our website: www.afsibex.com and click on the AFS Anywhere mobile link to get started.  We recommend that you add this link to your Favorites.  No App Store or downloads are required.

Using AFS Anywhere on any iOS, Android or Windows device, allows agents and insureds to search and view account status, look up payment history, make a payment, review documents and much more.

All this technology 24/7 at the touch of a finger. Whether working from home or traveling on the go, AFS Anywhere goes with you to help manage your premium financing.

Even more good news: In the near future, AFS/IBEX will be opening a branch office in Fort Lauderdale, FL.  This will give us a brick & mortar location for marketing, underwriting and servicing in the Eastern Time zone.  Currently, our agents and insureds can talk to a premium finance professional for a full 12 hours, starting at 8:00 AM EST until 5:00 PM PST (7:00 AM---7:00PM CST).

We continue to offer a live chat feature on our website for those who prefer that method of communication.

As always, I know all of our AFS/IBEX employees join me in thanking you for your patronage and loyalty. We want to have every agent, broker, general agent, insurance company and insured saying:

“I Love my Premium Finance Company”


August 11, 2016

Dear Valued Partner,

You have spoken, and we have listened.  Starting August 15th 2016, any premium finance loan quoted with AFS/IBEX will be printed on our new National Premium Finance Agreement.  A key new feature we think you will appreciate, signatures are required only on the first page of the premium finance agreement!  Other features of the agreement include:

  • One premium finance agreement for all 50 states
  • A new field will be on the PFA for “Doc Stamp Tax”. For insureds in Florida, there will be a figure in this field as it is currently the only state which charges a Doc Stamp Tax.  All other states will be blank or $0.00.
  • Verbiage regarding the “US Patriot Act” is now included on the second page.
  • Of course as noted above – single page signatures!

AFS/IBEX will continue to accept Premium Finance Agreements printed prior to August 15th 2016, so no need to reprint previous quotes on the new National Premium Finance Agreement. 

If you have any questions at all, please call our customer service team.  We sincerely appreciate your partnership. 


Exciting News!

To all our loyal Customers, Agents and Brokers:

SIOUX FALLS, S.D., Oct. 14, 2014 /PRNewswire/ -- Meta Financial Group, Inc. (NASDAQ: CASH), announces that its bank subsidiary, MetaBank, has signed an agreement with AFS/IBEX a division of MetaBank® ("AFS") to acquire substantially all of AFS' loan portfolio and related assets, and hire its team. The proposed purchase, which is subject to customary conditions, has been approved by the boards of directors of each company and is expected to close by the end of the calendar year.

AFS is a leading commercial insurance premium finance company that MetaBank believes has the potential for substantial growth. According to AFS President John Holsan, "We are excited to join forces with MetaBank and believe they will provide the necessary elements, including a strong deposit and capital base, to expand our services and grow the business." Mr. Holsan will serve as President of MetaBank's new insurance premium finance division, which will continue to be known as "AFS". AFS' staff, headquartered in Dallas, TX, with a full service office in Southern California, will join MetaBank as part of the transaction, offering a seamless transition for AFS clients.

MetaBank CEO J. Tyler Haahr had this to say about the transaction, "We believe that insurance premium finance is a perfect complement to our national deposit franchise to diversify our business and build our loan portfolio. The experienced team at AFS will lead this business for MetaBank and anchor our platform for future growth."

As part of the purchase, MetaBank is acquiring approximately $80 million of outstanding premium finance receivables and the AFS trade name. Mr. Haahr continued, "After acquisition related expenses, we expect this transaction to be accretive to earnings in the first full year of combined operations. The transaction will be financed with all cash and will not require MetaBank to issue additional shares as the purchased receivables and future growth are expected to replace lower yielding securities on our balance sheet."

MetaBank was advised by Sterne, Agee & Leach, Inc. and the law firm of Katten Muchin Rosenman LLP. AFS was advised by Colonnade Advisors and the law firms of Whitaker Chalk Swindle & Schwartz PLLC and Bracewell & Giuliani LLP.

About AFS/IBEX a division of MetaBank® AFS/IBEX a division of MetaBank® provides short-term, collateralized financing to facilitate the purchase of insurance for commercial property, casualty and liability risk. Founded in 1986, AFS/IBEX is one of the top ten insurance premium finance companies in the U.S., originating loans through a network of over 1,300 independent insurance agencies. In 2013, AFS originated over $200 million of insurance premium finance loans.

About Meta Financial Group®

MetaBank®, a federally chartered savings bank, is a subsidiary of Meta Financial Group, Inc. Headquartered in Sioux Falls, South Dakota, MetaBank's primary banking businesses are deposits, loans and other financial products and services to meet the needs of its commercial, agricultural and retail customers. MetaBank operates 11 bank offices in four market areas: Central Iowa; Northwest Iowa; Brookings, S.D.; and Sioux Empire, S.D. MetaBank's electronic payments division, Meta Payment Systems (MPS), is a leading provider of prepaid, credit, emerging payments solutions and ACH origination. MPS is also the largest sponsor of ATMs in the United States.

Again, we thank you for your loyalty and patronage for the past 27 years and look forward to serving you even better in the future. If you have any questions specific to our Exciting News, please contact your local AFS/IBEX Marketing Manager or give me a call and I would be happy to talk with you.

From all of the AFS/IBEX employees & staff our message to you is “Business as usual only Better!”


MetaBank® Announces SVP of Sales and National Account Executive

Cunningham and Koenig join AFS/IBEX

SIOUX FALLS, SD (07/05/16) – MetaBank is pleased to announce that Susan Cunningham has assumed the position of Senior Vice President of Sales for its premium finance division, AFS/IBEX. Ms. Cunningham brings a wealth of experience and knowledge to AFS/IBEX with over 30 years in the premium finance industry. Ms. Cunningham’s background and expertise is a welcomed and important addition to the team and will contribute to enhancing its presence in the marketplace.

Ms. Cunningham has held several high-level positions prior to joining AFS/IBEX, including Vice President and Regional Manager of Sales at a national premium finance company where she successfully expanded the company’s market presence significantly. Additionally, Ms. Cunningham served as Senior Vice President at a large national insurance brokerage where she successfully created and managed an in-house premium finance division for the company.

"We are looking forward to Susan’s contributions to AFS/IBEX and the industry knowledge and leadership she brings,” said John Holsan, AFS/IBEX division President. “As we continue to grow our business on a national scale, Susan is an excellent example of the caliber of talent we are looking for to bring our business to the next level."

In her new role with AFS/IBEX Ms. Cunningham will be actively leading sales and marketing in Texas as well as the adjoining states. Operating out of the Dallas, Texas office, Ms. Cunningham will also join the leadership team in implementing changes executing on strategic initiatives.

AFS/IBEX is also pleased to announce the addition of Deanna Koenig as National Account Executive. Ms. Koenig recently served as Assistant VP and managed the Dallas office at a national premium finance company servicing agents in a four state region and brings over 30 years of experience to the AFS/IBEX team.

About MetaBank®

Headquartered in Sioux Falls, S.D., MetaBank operates in both the Banking and Payments industries. Within Banking, the traditional retail bank business operates 10 branches in four market areas: Central Iowa; Storm Lake, Iowa; Brookings, S.D.; and Sioux Falls, S.D.; and also includes AFS/IBEX, its insurance premium financing division. Meta Payment Systems, its electronic payments division and Refund Advantage, its tax refund-transfer software division, comprise the Payments business. Meta Financial Group, Inc.® (NASDAQ Global Market®: CASH), is the holding company for federally chartered savings bank MetaBank, Member FDIC. For more information, visit metabank.com. For more information about Meta Financial Group, visit metafinancialgroup.com.

Media Contact:

Katie LeBrun
Corporate Communications Director
605.362.5140
klebrun@metabank.com



Yours sincerely,

presidentsignature
John Holsan
President