State Farm Bank

Going to the bank can sometimes be tedious. It requires you to drive all the way to the nearest branch and can give you a headache in finding a parking space especially at peak hours. And when you inside you have to wait on cue, which could sometimes be irritating even if you were greeted with friendly smiles and warm welcome by bank personnel. What makes having to go to the bank worst is when you get there and it’s already close because you are a minute too late its opening hours and you took the risk to catch up because you really have to make an important transaction. Although with the proliferation and popularity of online banking today, many still find the unique satisfaction in going to the bank and meeting the bank personnel face-to-face to discuss their concerns with and get immediate response. Of course in online banking, one only has to fill some necessary information in getting into a transaction and if some concerns need to be raised, one has to email the bank and wait for its response, which could take really long waiting time period. Worst, some banks don’t respond and the client will be forced to go on its nearest bank. The lack of personal interaction in online banking makes branch visit still necessary. To fill this gap, one bank designed a unique service that combines branch banking and online banking experience together. It is called the State Farm Bank.

State Farm Bank is the banking division of insurance giant State Farm Insurance Group of Companies in the United States. Established in November 1998, the bank is created to render consumer-oriented financial products and services that would complement the focus of the insurance company on providing personal lines for their clients. State Farm Bank home equity loan and State Farm Bank Visa, which are fairly priced for the mid-end market, are just among the well-patronized products and services of the bank.

What makes State Farm Bank unique is its non-traditional approach in rendering banking services. Although the bank has no single branch to show, it is considered as one of the leading banks based in Illinois for having over $12 billion worth of assets since its last financial disclosure in December 2005. How did this happen? Well, the bank set up an online banking service where a client can personally talk to any attending bank personnel via the telephone or other communication media available in the Internet. Instead of branch offices, the bank set up a call center office with staff tasked to attend and serve bank clients. The call centers also served as the direct link for customer interaction and product assistance of the bank.

The fast growth of State Farm Bank is proof of the top quality convenience they give in rendering online banking service to their clients. Aside from that though, the bank is also being patronized for really taking care of their customers.

State Farm Bank is under an insurance company founded by a person who really gives value on the welfare of the people. The holding company of the bank is founded by George J. Mecherle over 80 years ago.

Mecherle started as an insurance salesman who was forced to put up his own insurance company to give just and well-deserved insurance products to the farmers and people of Bloomington, Illinois. His company was well accepted by the people that it grew to become one of the 25 largest corporations in Fortune 500 today. State Farm has about 68,000 employees and 17,000 agents serving over 74 million policies in auto, auto, fire, life, and health not just in the United States but also in Canada. State Farm Bank, on the other hand, has more than 1.8 million bank accounts.

So if you’re looking for great customer care that would put you in bright financial future, consider opening an online account with State Farm Bank.