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Sunday, November 28, 2021 - 13:46

Bath State Bank’s Santa Day will be hosted in BATH on Fri., Dec. 3rd from 6 p.m. to 8 p.m. in a drive-up format. With respect to the health and safety of our community, all visitors will remain in their vehicles and will be routed around the Bank in one direction to see Santa and his elves. 

We encourage children/grandchildren to write a Letter to Santa. An easy fillable letter will be included in the upcoming Kids Club newsletter. If your young one is not a member of our Kids Club, you will have the option to download this on our web site (search Santa) or call our office to receive a letter in the mail.
We hope to see our young savers in Bath on Dec. 3rd.

Please: No early birds, due to conducting Bank business until 6 p.m.

Tuesday, November 16, 2021 - 12:36

Bath State Bank is currently seeking a full-time Customer Service Representative/Teller for the Bath office. The qualified individual in this position is required to: be reliable, be highly detail oriented, have willingness to learn and have good customer service skills. Previous banking experience is helpful, but not required. This position will work a shift from 8 a.m. until approximately 4 p.m. (Mon.-Thurs.), on a Friday rotation until 6 p.m. and on a Saturday morning rotation (8:30 a.m. – Noon.) Saturday rotation workers get a day off that week.

Interested candidates for this CSR position should submit a resume before December 1, 2021, to: Human Resources, Bath State Bank, PO Box 10, Bath, Ind. 47010 or email humanresources@bathstatebank.com. Emailed resumes MUST be in PDF or Word format and attached to the email. Facebook Messenger messages not accepted. Bath State Bank is an equal opportunity employer.

Friday, November 12, 2021 - 08:05

You asked for it, and we now have it. Bath State Bank has partnered with investment servicer HeritagePoint Financial Group. HeritagePoint Financial Group is an insurance and financial services agency that utilizes a distinct macro-economic process with its clients. This nontraditional approach helps HeritagePoint Financial Group understand your goals, which then forms the foundation for a personalized road map that helps balance growth potential with the reduction of risk for your future.

HeritagePoint Financial Group offers a wide variety of financial products and services to provide these economic strategies for its clients, who include individuals, families and business owners. Our partners offer retirement strategies and potential care costs too.

As a general agency with the companies of OneAmerica, HeritagePoint Financial Group is proud of its reputation for helping clients create possibilities in their lives. The experienced and knowledgeable professionals provide a "hands on" approach to financial guidance. HeritagePoint Financial Group can help you keep focused on where you want to go, guide you on how you can get there, and continually remind you of the importance of maintaining a disciplined approach to realizing your goals.

For more information, visit our “Investment Services” tab or contact our representatives Wes and Isaac at 937-336-5065. Although their offices are located in Eaton and Winchester, they can meet you at the Bank or at a location of your choice.

Services regarding HeritagePoint Financial Group: Not a deposit. Not FDIC-insured. Not guaranteed by the Bank or any affiliate of the Bank. May go down in value.

Thursday, November 4, 2021 - 11:41

With the shortage of good used vehicles on the market, the FBI warns consumers that criminal perpetrators are posting fraudulent online classified advertisements offering vehicles for sale that are not, nor have ever been, in their possession.

The fake advertisements usually include photos matching the description of the vehicle and a phone number or email address to contact the supposed seller. Once contact is established, the criminal sends the intended buyer additional photos along with an explanation for the discounted price and the urgency of the transaction. The criminal might say:

  • “The seller is moving or being deployed by the military”  or
  • “The seller received the vehicle as part of a divorce settlement”  or
  • “The vehicle belonged to a relative who has died”

The criminal makes the fraud appear legitimate by deceptively claiming partnership with a reputable company and assuring that the transaction will occur through the third party’s Buyer Protection Program. After the transaction is complete, the criminal typically ignores all follow-up communication from the buyer or may demand additional payments. In the end, the vehicle is not delivered and the buyer is never able to recoup the losses.

What to watch for:

  • If it appears too good to be true, it probably is
  • Use the Internet to research the advertised item, and the seller’s name and contact information
  • Use the Internet to research the company’s contact information and its shipping/payment policies before completing a transaction
  • Avoid sellers who refuse to meet in person or refuse to allow physical inspection of the vehicle before the purchase
  • Ask for the vehicle’s VIN, license plate (if possible) and the name of the individual to whom the car is currently registered

    — FBI Common Scams Center

Monday, October 25, 2021 - 13:41
It's that time of year when workers are asked to pick their health benefit options for 2022 during an open enrollment period. If your employer offers HSA (Health Savings Account) option as part of its benefits package, don't dismiss it out of hand just because you're not familiar with how they work.
 
According to Kiplinger, after doing a little research, you might discover that an HSA is the way to go. For many people, HSAs offer a tax-friendly way to pay medical bills. You can deduct your contributions to an HSA (even if you don't itemize), contributions made by your employer are excluded from gross income, earnings are tax free, and distributions aren't taxed if you use them to pay qualified medical expenses. Plus, you can hold on to the account when you're no longer working for your current employer and use it tax-free for medical expenses in at a different job or during retirement.
 
Wednesday, October 20, 2021 - 09:09

October serves as Breast Cancer Awareness Month and gives us the opportunity to celebrate survivors and remember those we’ve lost. Our staff at Bath State Bank conducted internal fund raisers to help support our local cancer associations. Employees raised $662 after hosting an internal basket bash fund raiser which featured desserts and crafts, and tossed pies in the faces of a few dear co-workers.

Thursday, October 14, 2021 - 08:04

Cybersecurity Awareness Month recognizes the importance of how much our daily lives depend on the internet and the security of data.

Social media: The pandemic amplified the need for people to socialize at a safe distance, increasing the amount of time many spent on the Internet. As fraud continues to rise, people need to be mindful that with every social media account they sign up for, every picture posted and status updated, they are sharing information with the world — and hackers who want to gain access to their social media accounts. 

Did you know? 

  • In 2020 3.81 billion people worldwide now use social media. That’s an increase of more than 9% from 2019. Put another way: 49% of the total world population are using social networks.
  • Digital consumers spend nearly 2.5 hours on social networks and social messaging every day. 
  • 69% of U.S. adults use at least one social media site and the average American has 7 social media accounts.

Social media security tips: So, why would a hacker want your account when it’s filled with photos of your dog or that room you renovated during Covid? First and foremost, it’s a legitimate account. Social media platforms delete billions of fake accounts every year. Bad guys steal real accounts, like yours, and sell them on the black market where buyers can use them to spread propaganda or to extort and scam money from unsuspecting victims. Victims whom may be in your social media friends list.

Use these simple cybersecurity rules to protect yourself and others, and to navigate social media confidently and safely:

  • Use separate and complex passwords, or better yet a passphrase, for each social media platform, and all online accounts. Change these passwords often as hackers buy and sell stolen password lists on the dark web.
  • Make sure you understand the account password recovery and reset services. If a hacker gains access to your account, one of the first things they’ll attempt to do is reset the password. If the platform offers some form of multi-factored authentication, such as a text message approval, use it wherever possible.
  • Be leery of private messages, even if sent from a colleague or friend. Follow the adage of trust through verification. Call or text the person to verify it’s them contacting you. Use the phone number from your contacts list and not the one provided in the message. If you don’t have their number, do you really need to be in communication with them over social media platforms? Probably not.
  • Don’t overshare. Hackers can utilize information you post on social media platforms in complex social engineering attacks against you.

The pandemic has changed our personal and work life structure. New hybrid work environments, with employees continuing to send and receive emails from their personal devices, further increase risk at work. Hackers often use attacks against a single employee to gain access to an entire organization. Don’t be that pathway for the attackers. Make cybersecurity a priority today.

Victims are encouraged to contact the FBI Internet Crime Complaint Center (IC3) to report the online crime.

Join us in spreading the word about Cybersecurity Awareness Month. Raising awareness is a critical first step. By doing so, our interconnected world will be safer and more resilient for everyone. 
 

Content courtesy of SHAZAM, Inc. and ITS, Inc.

Wednesday, October 6, 2021 - 08:16

In a fire, mere seconds can mean the difference between a safe escape and a tragedy. Fire safety education isn’t just for school children. Teenagers, adults and pets also at risk in fires, making it important for every member of the community to take some time every October during Fire Prevention Week to make sure they understand how to stay safe in case of a fire. Do you have a fire safety play for your loved ones under your roof? Make a plan today. Also, now is a good time to change the batteries in your smoke and carbon monoxide detectors.

Fire Prevention Week is observed each year during the week of October 9th in commemoration of the Great Chicago Fire, which began on October 8, 1871, and caused devastating damage. This horrific blaze killed more than 250 people, left 100,000 homeless, destroyed more than 17,400 structures and burned more than 2,000 acres of land.

Please make a plan to keep your family and home safe.

Tuesday, September 28, 2021 - 12:50

Bath State Bank is currently seeking a full-time Call Center Representative. The qualified individual in this position is required to: be reliable, be highly detail oriented, have willingness to learn, and have good customer service and phone skills. Must be proficient in using all types of computer devices. Previous banking experience is helpful, but not required.

This position will work a shift from 8 a.m. until 4 p.m. (Monday - Thursday) and on a Friday rotation of 8 a.m. – 4 p.m. and 9:30 a.m. – 6 p.m. No weekends.

Interested candidates for this position should submit a resume before October 15, 2021, to: Human Resources, Bath State Bank, PO Box 10, Bath, Ind. 47010 or email humanresources@bathstatebank.com. Emailed resumes MUST be in PDF or Word format and attached to the email.

Facebook Messenger messages not accepted. Bath State Bank is an equal opportunity employer.

Monday, September 27, 2021 - 14:21

A health savings account (HSA) can be used to pay for more than doctor visits and prescription drugs. Anyone with a qualified high-deductible health insurance plan can open a health savings account, also known as an HSA. Money deposited into these accounts is tax-deductible and can be used tax-free to pay for eligible medical expenses.

"The definition (of eligible expenses) is so vast that it covers things people never even thought about," says Kristian Finfrock, a financial advisor and founder of Retirement Income Strategies.

In addition to doctor bills, hospital stays and prescription drugs, HSAs might also pay for the following items, which might surprise you:

  • Over-the-counter medications
  • Menstrual products
  • Alternative treatments
  • Travel for health care
  • Dental and vision care
  • Guide dogs
  • Some insurance premiums
  • Medicare costs
  • Future medical expenses
  • A retirement fund

Over-the-Counter Medications: The Coronavirus Aid, Relief and Economic Security – or CARES – Act may be best known for providing stimulus checks to citizens and financial aid to businesses during the COVID-19 pandemic. But it also expanded the items eligible for HSA reimbursement. Under the CARES Act, over-the-counter products and medications are eligible for reimbursement from an HSA, no prescription required. However, the new rules only apply to purchases made after Dec. 31, 2019.

Menstrual Products: Along with over-the-counter medications, menstrual products were also included in the CARES Act as newly eligible for HSA reimbursements. Products must be purchased after Dec. 31, 2019, to qualify, and eligible items include pads, liners, tampons, cups and similar items designed for period protection.

Alternative Treatments: Acupuncture, chiropractic care and weight-loss programs may all qualify for tax-free reimbursement from a health savings account

Travel for Health Care: The cost of meals and lodging at a hospital or similar institution may be reimbursable from an HSA, so long as medical care is your main reason for being there. If you are a parent traveling with a sick child, you might be able to reimburse expenses for both yourself and your child, up to a limit. It is the HSA owner's responsibility to determine whether withdrawals are qualified or consult with their competent tax advisor.

Dental and Vision Care: Use an HSA to save money on dental care, eye exams, eyeglasses and more. Regardless of whether you have insurance coverage for these services, you can use your health savings account to pay for expenses using tax-free dollars.

Guide Dogs: Those with physical disabilities, such as vision or hearing impairment, can use money from their HSA to pay for the cost of buying, training and maintaining a guide dog or service animal.

Some Insurance Premiums:  Some HSA allows policyholders to pay their premiums using tax-free dollars. Some hybrid policies, which combine long-term care benefits with life insurance, may not qualify though. Health savings accounts can also be used to pay for COBRA coverage, which workers may be able to purchase after leaving a job, or health insurance for someone who is collecting unemployment benefits. Beyond that, they cannot generally be used for other medical plan premiums.

Medicare Costs: As government health care for those age 65 and older, Medicare provides comprehensive benefits, but it isn't free. HSAs can be used to pay for both Medicare premiums as well as out-of-pocket expenses such as copays and co-insurance.

Future Medical Expenses: One of the benefits of an HSA is the ability to roll over the balance each year. With an HSA, you are not required to take a distribution to reimburse yourself in the same year you incur the medical expense. That makes this a prime savings vehicle to put away cash to cover future medical expenses or wait and reimburse yourself later for prior costs.

A Retirement Fund: Although not its original intent, an HSA can provide another avenue for people to save for retirement. Both HSAs and Roth IRAs can provide tax-free money in retirement, but HSAs come with the added benefit of a tax deduction for contributions. Plus, there are no income limits on who can open an HSA or receive a deduction. Anyone with a qualified high-deductible health insurance plan can contribute – and deduct – the following amounts in 2021: $3,600 for self-only coverage or $7,200 for family coverage. In either case, workers age 55 and older are allowed to make an additional $1,000 in catch-up contributions. Money in a health savings account can be used tax-free for qualified medical expenses at any time but withdrawing money for other reasons incurs a tax penalty plus income tax. However, at age 65, the penalty disappears and nonmedical distributions are only subject to income tax, allowing them to serve essentially the same purpose as a traditional IRA.

Recent article in U.S. News and World Report. Written by Maryalene LaPonsie.