The bank opened in May 1999 and is operated by State Farm Financial Services, FSB, a subsidiary of State Farm Mutual Automobile Insurance Co. State Farm has expanded into the financial services arena, such as banking and mutual funds. This branch is now affiliated with Canadian-based Desjardins Insurance. Financial services Former State Farm Insurance branch in Markham, Ontario. Only State Farm agents can sell State Farm insurance, and their agents can sell only State Farm products.
State Farm relies on exclusive agents (also known as captive agents) to sell insurance. State Farm is ranked 42nd in the 2022 Fortune 500, which lists American companies by revenue. State Farm is the largest property and casualty insurance provider, and the largest auto insurance provider, in the United States. Founded in 1922, it is the largest property, casualty, and auto insurance provider in the United States. State Farm Insurance is a group of mutual insurance companies throughout the United States with corporate headquarters in Bloomington, Illinois.
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