A. D. Banker & Company, LLC

Who owns A. D. Banker & Company?

The company is wholly owned by The CE Shop within the Career Certified platform, which is backed by private equity firm Waud Capital Partners. The acquisition was completed in December 2022.

Is A. D. Banker & Company public?

No. It is a private subsidiary and publishes no standalone financial reports.

When was the company founded?

It was founded in 1979 in Overland Park, Kansas, by Dennis Anderson.

What does A. D. Banker & Company sell?

Pre-licensing exam preparation for insurance and FINRA securities exams, continuing education courses, and corporate licensing programs for agencies and financial firms across all US states.

Where is the company based?

Headquarters is at 7311 W 132nd Street in Overland Park, Kansas, part of the Kansas City metropolitan area. The company employs approximately 70 people.

Dennis Anderson founded the company in Overland Park in 1979, naming it with his own initials. The insurance industry of that era was undergoing rapid professionalization, with states tightening pre-licensing requirements, and the new firm positioned itself as the exam preparation specialist for that transition.

Growth through the 1980s and 1990s followed state-by-state expansion. Because insurance is regulated at the state level, each market required course content mapped to a distinct exam outline, which became the company's core competency. By the early 2000s it was one of the larger pre-licensing providers in the Midwest; in Ohio, for instance, its students accounted for roughly a third of pre-licensing examination volume.

The company's most serious setback came in 2001. The Ohio Department of Insurance suspended its provider approval for two years after determining that questions in an A.D. Banker course manual matched actual items from the state's secure exam bank. The regulator alleged founder and co-owner Leon Anderson had paid an intermediary who harvested questions by sitting exams under aliases. The matter closed under a consent order tied to Anderson's removal from the business, and the company recovered its approvals and market position in the following years.

Product development tracked the shift from classroom teaching to digital delivery. The firm added web classes, on-demand video lectures, simulated practice exams, and a B2B enrollment platform for corporate clients. Its course scope widened from insurance pre-licensing to FINRA securities exams, adjuster certification, and continuing education topics including annuity suitability, anti-money laundering, ethics, and long-term care.

The ownership era changed in December 2022, when The CE Shop acquired the company and folded it into Career Certified, its Waud Capital-backed education platform. The deal kept the brand, staff, and Overland Park headquarters intact while connecting the business to a larger shared technology and marketing infrastructure.

The company's most notable regulatory action was the 2001 Ohio suspension described above. The Department of Insurance alleged the firm used improperly obtained exam questions in course materials and imposed a two-year suspension of its state provider approval, subject to review after one year contingent on removal of co-owner Leon Anderson. The company complied and resumed operations.

No further regulatory actions against the company appear in public records through November 2026. The episode is more than two decades old, but it remains the documented precedent for the strict licensing-provider oversight under which the company operates.