National Partners PFco, a wholly-owned subsidiary of WebBank, acquired Security Premium Finance, a privately held finance company founded in 1995 by Bert Irigoyen and based in Coral Gables, FL. Security Premium Finance provides insurance premium financing services for commercial and consumer clients to purchase property and casualty insurance products in Florida. As part of the acquisition all Security Premium Finance employees are now employees of National Partners PFco.

“We have been long impressed with the expertise and success of Security Premium, demonstrated by strong customer loyalty and earned through delivery of unparalleled customer service,” Bruce Lundy, president of National Partners PFco, said. “Security Premium’s partnership with National Partners will allow us to mutually expand and grow throughout Florida and beyond.”

“We believe National Partners is a strong strategic fit for Security Premium Finance that will allow us to grow exponentially in the Florida market and expand into other states,” Irigoyen, who is the president of Security Premium Finance, said. “The Security Premium Finance team is excited to join forces with the National Partners team.”