KeyState Captive Management, an affiliate of The KeyState Companies, has partnered with the Florida Banker's BankServ, Inc. to offer a unique bank captive insurance program to Florida financial institutions. The Bank Captive Program is designed by national accounting firm Crowe Horwath LLP and then administered by KeyState Captive Management. Banks that fit a certain asset size and earnings criteria can form their own wholly owned captive insurance company to finance risks (that are not commercially insured) in a tax advantaged way. KeyState's bank captive program has been endorsed by 28 state banking associations or their for profit subsidiaries and at year's end with have over 70 banks participating from 17 different states. KeyState and its affiliates have been working with banks for 30 years providing Nevada investment subsidiary, portfolio management, and captive management services.