HSA Bank, the trade name for the health savings accounts operation of Wisconsin's State Bank of Howards Grove, announced Monday that it will be the health savings account trustee for high-deductible health plans to be offered by Mutual of Omaha Insurance Co.
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Mutual of Omaha selected HSA Bank to administer HSAs for its clients with 50 or more employees, the companies said.
The holding company of State Bank of Howards Grove, Eastern Wisconsin Bancshares, is being bought by Webster Financial Corp. of Waterbury, Conn., for $26 million. The deal was announced Sept. 7 and is expected to close next quarter.
