VAC Service Corp. was founded in 1980. Over the years the company has grown to become a leader in the consumer products service contract space. In December 2005, Bankers Warranty Group, a wholly owned subsidiary of Bankers Financial Corporation, acquired VAC. BFC has been in business for over thirty years and is a corporate parent to a diverse array of businesses. Bankers entry into the consumer service contract industry compliments its family of companies which include two property and casualty insurance companies, a surety company, a life insurance company, and the nations 3rd largest home warranty company, just to name a few.