The lending landscape may not be great these days, but banks seem to be putting at least some of their cash to work buying insurance.
Bank-owned life insurance assets reached a record $140.24 billion in the third quarter of 2010—a 4.8% increase from $133.87 billion in the third quarter of 2009, according to the Michael White/Meyer-Chatfield Bank- Owned Life Insurance (BOLI) Holdings Report.
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