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Banks, Trustees
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AMERICAN KENTUCKY BANK LAUNCHES HSAs
American Kentucky Bank (Mayfield, KY) announced the availability of HSAs with the help of HSA Clearing Corp. (Lake Geneva, WI). HSA Clearing helps banks initiate and administer health savings accounts.
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ZIONS BANK SEES $5 MILLION SAVINGS FROM HSA PLAN
Zions Bancorporation (Salt Lake City, UT) said that it reduced employee benefit costs by $5 million in the fourth quarter of 2006 “as a result of lower medical costs” in the company’s HSA-compatible high-deductible health plan. Zions revealed the figures in its fourth-quarter 2006 earnings press release. Zions has annual revenues topping $2 billion.
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