Kokomo Tribune; Kokomo, Indiana

September 15, 2013

Business briefs, Sept. 15, 2013


Kokomo Tribune

---- — Salin donates bank in Walton

Family-owned and Indiana-based Salin Bank today announced the donation of its Walton Indiana Banking Center Building to the Southeastern School Corporation. The 4,757-square-foot building was used as a banking center for Salin before it was closed earlier this month.

“We are always excited and pleased to give back to the communities we serve,” said Salin Bank President and CEO Bill Salin II. “This is a win-win for Salin Bank, the Southeastern School Corporation and the Walton community.”

Under the agreement, Salin plans to leave the Salin Bank sign, which will allow the school corporation to provide electronic messages to the community. The agreement also provides for the ATM to remain in the building, enabling Salin to continue providing services to the community.

The Southeastern School Corporation’s School Board approved the deal earlier this week. The school corporation plans to use the building as an office for its superintendent.

Salin Bank and Trust Company is one of Indiana’s largest family-owned community banks, with assets of $800 million. Salin Bank operates 21 banking center locations in 10 Indiana counties.

Consumers warned about ACA scams

Health care insurance customers need to be aware of numerous scams that have been reported throughout the country as the implementation of the Affordable Care Act approaches, according to Stephen W. Robertson, Commissioner, Indiana Department of Insurance.

Scammers are taking advantage of the confusion about the health care reform to obtain a person’s Social Security, credit card and bank account numbers throughout a phone solicitation or a bogus website.

Robertson explained that Indiana law for years has required insurance brokers and agents to be licensed by the state’s Department of Insurance. A similar training and licensing requirement was established by the Legislature for individuals called “Navigators” (created by the Affordable Care Act) who may legally assist consumers in buying insurance through the Federal Insurance Marketplace. Consumers should ask to see the license/certification of the insurance salesperson or adviser.

He also identified some of the most common situations reported by insurance departments through country.

- A salesperson says a premium offer is only good for a limited time. The Federal Marketplace open enrollment period is from Oct. 1 to March 31, 2014.