BancInsure’s Chief Financial Officer to Retire, Interim Replacement Named

“Cindy’s presence in the organization pre-dates the inception of the first policy. She was here on the first day of operations and her accomplishments will continue to benefit our policyholders, shareholders, and employees well into the foreseeable future,” said Rodney N. Sargent, President & Chief Executive Officer.

“Cindy’s impact over the years has been truly significant,” said Galen T. Pate, Chairman of the Companies. “On behalf of the entire Board of Directors, we commend Cindy for her dedication, contributions, and commitment throughout her career.”

BMSI Holdings also announced the promotion and election of Mark Krienke to Vice President of the Companies. Mr. Krienke, 44, was also named interim CFO, Secretary and Treasurer until a permanent replacement is named and he will report directly to the CEO.

“We are very fortunate indeed to have a financial professional of Mark’s caliber already in place and immediately prepared to assume the responsibilities of the position.” said Sargent, “His in-depth knowledge of our financials and accounting systems will allow Mark to transition smoothly into his larger responsibilities.”

Prior to his promotion, Mr. Krienke served as Director of Accounting at BancInsure, where he was responsible for controllership, financial planning and month-end reporting. Before coming to BancInsure, Mark was a Director at Claimetrics, where he was instrumental in implementing accounting, claims, and financial systems for the firm.

A graduate of Midwestern State University in Wichita Falls, Texas, Mr. Krienke is active in his church and community.

ABOUT BANCINSURE

Headquartered in Oklahoma City, BancInsure is a full-line independent insurer, licensed in 48 states. BancInsure holds an “A- (Excellent) with a stable outlook” rating from A.M. Best and is endorsed by eighteen state banking organizations.

BancInsure, Oklahoma City
Peter Risman, 210-854-7121
Director of Communications
prisman@bancinsure.com