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HSA Market Report

Banks, Trustees

GANDOLFO NAMED CHAIR OF AMER BANKERS HSA COUNCIL
James Gandolfo has been named chair of the American Bankers Assn. HSA Council, an organization of banks and insurers that serve as HSA advocates.

BANCORP TO BUY DEBIT CARD UNIT FOR $60.6 MILLION
Bancorp Inc. (Wilmington, DE), which operates The Bancorp Bank, announced an agreement to acquire Stored Value Solutions, the debit card division of South Dakota-based BankFirst, for $60.6 million in cash and stock.

TOP BANKS HAVE $1.9 BB IN HSA DEPOSITS
Twenty-two leading banks had 1.413 million health savings accounts with an estimated $1.942 billion in total deposits as of June 30, 2007, according to a tally by HMN.


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