Silverton Bank has partnered with WorkLife Financial, one of the nation’s leading HR outsourcing firms, to offer a unique turnkey business solution opportunity. You can now provide your commercial customers with payroll, employee benefits and other HR services at below market rates. In return, you can private label this service and receive substantial reoccurring income for as long as your commercial customers use the service.

The Silverton Business Solutions reseller program offers the following key advantages:

• Significant recurring non-interest fee income (see Exhibit A below) 
• Enhanced client retention
• Greater assurance that bank clients are following prudent employment
• New opportunities to market bank products and services to your clients employees

The Fee Income Opportunity

Below is an illustration of the potential recurrent fee income that can be earned from the Silverton Business Solutions reseller opportunity. Please note that all fees are paid to your bank for as long as your clients remain customers in the WorkLife program (WorkLife currently maintains a 97% customer retention rate).

Assumptions:

• Bank adds an average of two (2) new clients per month
• Average client has an average of 20 employees each
• Average annual fee per employee is $800 per year for all services
• Bank receives 20% of all administrative fees

Don’t pass up this opportunity to help your commercial clients while helping your bottom line!

Click here to view a presentation from our recent webinars.