15 Hoosier Banker July 2015 iAB Financial Bank, Fort Wayne, held free community shred events in May in Fort Wayne, Huntington, Bluffton and Bourbon. The bank partnered with a professional shredding service to safely destruct four tons of sensitive materials for customers and members of the communities. iAB Financial Bank, Fort Wayne, presented Harlan Christian School student Alana Gingerich with a $950 check to be used for tuition for the 2015-16 school year. Students at Harlan Christian School in grades seven through 11, with a gradepoint average of 9.5 or higher on a 12-point scale and who completed a minimum of 20-30 hours of community service in the previous year, were eligible for the award. t by participating in one or more qualified financial programs; • Each entry in a PLS program must have an equal chance of being drawn; and • The director of the Indiana Department of Financial Institutions and the board of directors of the eligible financial institution must approve the PLS program before the eligible depository financial institution offers or promotes the program to eligible individuals. Because this is a new product for Indiana financial institutions, we caution that the management team of each bank proposing to offer a PLS program should carefully review the authorizing legislation prior to implementing a program. t Banking on Community iAB Financial Bank Harlan branch manager Tarrah Jasso (left) presents a donation check to Alana Gingerich, along with Harlan Christian School principal Josh Burton. New Washington State Bank, Charlestown, celebrated the opening of its River Ridge banking center with a three-day event, May 6-8, that featured a balloon lift-off to benefit New Hope Services, a televised ribbon-cutting ceremony, games and prizes. The facility, located at 400 Patrol Rd., Jeffersonville, was open to the public for tours. t New Washington State Bank, Charlestown, celebrates the grand opening of a branch at the River Ridge Commerce Center. new BranChes, Buildings & openings 1 See 12 U.S.C. § 25a for national banking associations, 12 U.S.C. § 339 for state member banks, 12 U.S.C. § 1829a for state nonmember banks, and 12 U.S.C. § 1463(e) for federal savings and loan associations. 2 IND. CODE § 28-1-23.2-4. 3 Id. § 28-1-23.2-7. 4 Id. § 28-1-23.2-5(a). 5 The permissibility of PLS programs results from the Dec. 18, 2014, adoption of the American This information is provided for general education purposes and is not intended to be legal advice. Please consult legal counsel for specific guidance as to how this information applies to your institution’s circumstances or situation. aBouT CoMPlianCe ConneCTion In order to address compliance inquiries from members, IBA provides Compliance Connection, an assistance program offering advice on Indiana-specific compliance questions. If the matter requires legal advice, IBA Compliance Connection will refer the bank to a law firm. Acting as IBA’s compliance consultants are Brett J. Ashton and John W. Tanselle, partners with Krieg DeVault LLP, Indianapolis. Submit Compliance Connection questions to IBA’s Amber R. Van Til at avantil@indianabankers. org or Josh Myers at jmyers@indianabankers.org. Savings Promotion Act and certain more recent amendments to Indiana Code sections 4-32.21-1, 24-8-1-1, 35-45-5-7 and 35-45-5-13, which become effective July 1, 2015.
RkJQdWJsaXNoZXIy MTg3NDExNQ==