January 24, 2017 4:22 AM ET

Diversified Financial Services

Company Overview of U.S. Premium Finance, LLC

Company Overview

U.S. Premium Finance, LLC provides financing solutions for commercial lines of insurance products in the United States. Its insurance company solutions program, and compensation and funding solutions fund the insurance company; and bill their customers. It serves agents, brokers, and insurance companies in the areas of commercial property, general liability, workers compensation, professional liability, boiler and machinery, D and O liability, and inland marine. U.S. Premium Finance, LLC was incorporated in 2002 and is based in Lawrenceville, Georgia.

1255 Lakes Parkway

Building 200

Suite 250

Lawrenceville, GA 30043

United States

Founded in 2002

Phone:

678-376-3236

Fax:

678-376-4517

Key Executives for U.S. Premium Finance, LLC

U.S. Premium Finance, LLC does not have any Key Executives recorded.

U.S. Premium Finance, LLC Key Developments

Ameris Bank Enters into Joint Venture with U.S. Premium Finance, LLC

Ameris Bancorp announced that Ameris Bank has entered into a joint venture with U.S. Premium Finance, LLC under which Ameris Bank will be the exclusive provider of credit on USPF's nationwide platform. USPF currently has approximately 1,000 insurance agency customers in 50 states and approximately $400 million in outstanding loans originated and serviced, of which approximately 92% are fully cash-secured with average durations of ten months. The parties intend to close the joint venture transaction on January 3, 2017. The company anticipates an after-tax return under the USPF joint venture agreements of approximately 1.40%-1.45% on the average outstanding loans, which Ameris Bank acquired at par from USPF's former funding source. Upon closing of the transactions, Ameris Bank's loans and average assets are expected to increase by approximately $400 million. The company expects earnings accretion in the first year of approximately 7%-8%.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
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