BNET Industries
Market Cap:$18.0M
Last Fiscal Year Sales:$49.0M
- Public
- US
Dow Jones Description
Specialized Products. For nearly 50 years Bancinsurance has offered specialized products to meet the specific needs of our customers. We provide a wide range of highly focused specialty insurance products and services through our Ohio Indemnity Company. Ohio Indemnity represents approximately 93 percent of our company revenues. We also maintain a profitable investment in a niche municipal code business. Innovative Technology. An integral part of our growth strategy is to develop innovative solutions for our customers through enhanced product offerings and improved customer service. Our aim is not to be leaders in technology, but to adapt technology in order to leverage our infrastructure and provide benefits for our customers. Distinctive Service. The heart of our corporate culture and long-term growth strategy, service defines who we are and the extent of our commitment to the needs of our customers. We are dedicated to meeting the precise needs of our customers, including supporting them through regular personal contact and online (in real time). Our goal is for customers to consider us a partner and strategic resource for their long-term financial success.
Chairman, Chief Executive Officer and President
John S. SokolNumber of Employees 36
Peer Companies
NAICS Code Direct Property and Casualty Insurance Carriers: 524126
Recent Events
-
A.M. Best Revises Outlook to Stable and Affirms Ratings of Ohio
News & Analysis
Filter by
bancinsurance corp. - All News and Analysis
A.M. Best Affirms Ratings of Bancinsurance Corporation and Ohio Indemnity Company; Maintains Negative Outlook
OLDWICK, N.J. -- A.M. Best Co. has affirmed the financial strength rating FSR of A- Excellent and issuer credit rating ICR of "a-" of Ohio Indemnity Company Ohio Indemnity (Columbus, OH). Concurrently, A.M. Best has affirmed the ICR of "bbb-" of Ohio Indemnity's parent, Bancinsurance Corporation Bancinsurance (OTC BB: BCIS)....
- 1
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Dan Stephan | President Marketing (of Subsidiary) |
| Ed Cohn | President |
| Matthew C. Nolan | Vice President, Chief Financial Officer, Treasurer and Secretary |
| Kenton R. Bowen | Executive Vice President Teleperformance USA |
| Margaret Ann Noreen | Vice President Technology (of Subsidiary) |
| Stephen J Toth | Vice President Operations (of Subsidiary) |
| Valerie D. Klingman | Director, Engineering |
| Brian Alting | Assoc |
| Elizabeth A. Thompson | Principal |
| Sally J. Cress | Treasurer |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| John S. Sokol | Chairman, Chief Executive Officer and President |
| Daniel D. Harkins | Director, Chairman of Audit Committee, Member of Executive Committee |
| Matthew D. Walter | Director, Chairman of Compensation Committee, Member of Executive Committee |
| Stephen Close | Board of Directors |
| William S. Sheley | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| BancInsurance Corporation | Chairman, Chief Executive Officer and President | Current |
| Ohio Indemnity Company | Chief Executive Officer | Former |
| Central Ohio Transit Authority | Former | |
| Central Benefits Mutual Insurance Company, Inc. | Former | |
| Ohio Indemnity Company | Chairman of the Board | Former |
| Vanderbilt University | M.B.A. in Finance | Former |
| Denison University | B.A. degree in Economics | Former |
| Organization | Position | Status |
|---|---|---|
| BancInsurance Corporation | President Marketing (of Subsidiary) | Current |
| Oic Lender Services | President | Current |
| Oic Lender Services | Senior Vice President | Former |
| Organization | Position | Status |
|---|---|---|
| BancInsurance Corporation | President | Current |
| SubmitOrder.com | Board of Directors | Current |
| BancInsurance Corporation | Board of Directors | Current |
| Nct Ventures, LLC | Board of Directors | Current |
| Big Brothers Big Sisters | CEO | Former |
| Big Brothers Big Sisters | President | Former |
| County Savings Bank | Former | |
| The Ohio State University | B.S.B.A. Degree in both Finance and Accounting | Former |
| Organization | Position | Status |
|---|---|---|
| BancInsurance Corporation | Vice President, Chief Financial Officer, Treasurer and Secretary | Current |
| Organization | Position | Status |
|---|---|---|
| Calltech Communications, LLC | President | Current |
| BancInsurance Corporation | Executive Vice President Teleperformance USA | Current |
| Calltech Communications, LLC | Director | Current |
| BancInsurance Corporation | Board of Directors | Current |
| Intogreat Companies, Inc. | Managing Committee Member | Current |
| Bank One Corp | Vice President | Former |
| Provident Bank | Vice President of Corporate Finance | Former |
| Organization | Position | Status |
|---|---|---|
| BancInsurance Corporation | Vice President Technology (of Subsidiary) | Current |
| Organization | Position | Status |
|---|---|---|
| BancInsurance Corporation | Vice President Operations (of Subsidiary) | Current |
| Organization | Position | Status |
|---|---|---|
| BancInsurance Corporation | Director, Chairman of Audit Committee, Member of Executive Committee | Current |
| BancInsurance Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Bound Tree Medical LLC | Chairman & CEO | Current |
| BancInsurance Corporation | Director, Chairman of Compensation Committee, Member of Executive Committee | Current |
| BancInsurance Corporation | Board of Directors | Current |
| Cardinal Health, Inc. | General Manager | Former |
| Cardinal Health, Inc. | Board of Directors | Former |
| Organization | Position | Status |
|---|---|---|
| BancInsurance Corporation | Director, Engineering | Current |
| BancInsurance Corporation | Director, Engineering | Former |
| Organization | Position | Status |
|---|---|---|
| BancInsurance Corporation | Assoc | Current |
| Organization | Position | Status |
|---|---|---|
| BancInsurance Corporation | Principal | Current |
| Organization | Position | Status |
|---|---|---|
| BancInsurance Corporation | Treasurer | Current |
Stephen Close has served as Senior Vice President for Coinmach Corporation, a provider of coin operated laundry vending equipment to multi-family housing and universities, since 1997. From 1975 until 1997, he served as President and Chief Executive Officer for National Coin Laundry, a provider of coin operated laundry vending equipment to multi-family housing and universities and commercial industrial laundry equipment to nursing homes, athletic clubs, and hospitals. Mr. Close serves on the board of directors of the Riverside Hospital Foundation.
| Organization | Position | Status |
|---|---|---|
| BancInsurance Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| BancInsurance Corporation | Board of Directors | Current |
| Purdue University | B.S. and M.B.A. degrees in Finance and Computer Science | Former |
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