BNET Industries

Market Cap:$33.3M
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. Sokol
Number of Employees 36
Contact Information

250 E Broad St

Columbus, Ohio 43215-3416

www.bancins.com

(614) 220-5200

NAICS Code Direct Property and Casualty Insurance Carriers: 524126

Recent Events

  • Stephen Toth

    11/18/09 - Financial Announcement - View Story

  • Bancinsurance Corporation Declares Dividend

    11/16/09 - Stock Split / Dividend - View Story

  • A.M. Best Revises Outlook to Stable and Affirms Ratings of Ohio

    10/15/09 - Bond / Stock Rating - View Story

News & Analysis

bancinsurance corp. - All News and Analysis

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
Barbara K Sokol
Brian Alting Assoc
Elizabeth A. Thompson Principal
Matt Nolan
Sally J. Cress Treasurer
Sokol Si

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 Current

Organization Position Status
BancInsurance Corporation Assoc Current

Organization Position Status
BancInsurance Corporation Principal Current

Organization Position Status
BancInsurance Corporation Current
KPMG International Former
Ohio University Bachelor of Business Administration degree in accounting Former

Organization Position Status
BancInsurance Corporation Treasurer Current

Organization Position Status
BancInsurance Corporation 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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     BCIS $6.40 0.00 (0.00% )
Average Volume 749
Shares Outstanding 5.21M
Market Cap 33.3M
Year High 6.5
Year Low 3
Earnings Per Share 0.19
P/E Ratio 33.68
Dividend N/A
Yield N/A
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