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As the popularity of health savings accounts grew, the Chicago bank decided it needed a more competitive product that tracks spending and uses artificial intelligence to maximize benefits. The high-tech Lively will help BMO soup up its offering.
July 6 -
The slowdown in elective medical procedures caused by the coronavirus pandemic led to less spending from HSAs and a decline in interchange income for the Connecticut bank.
July 24 -
It almost seems counterintuitive that a health savings account would be so attractive that it could actually be used as a marketing tool to recruit prospective employees and retain existing ones.
August 16 -
Begonya Klumb has, in short order, established UMB Financial as one of the nation’s foremost administrators of health savings accounts and related products.
September 25 -
The Connecticut bank's president, John Ciulla, will succeed longtime CEO Jim Smith, who is retiring after three decades on the job.
September 19 -
Strong gains in low-cost health savings account balances helped fuel loan growth at the Waterbury, Conn., company.
April 21 -
Creative growth strategies are helping banks with $10B to $50B of assets — including Webster and TCF — improve profitability. These ‘tweeners’ deal with tougher regulations than smaller competitors without the scale larger ones have to absorb the expense.
March 27 -
Strong growth in commercial and CRE lending also led record to interest income in the quarter.
January 19