Client Spotlight - Traditional Bank - Bim Group

Client Spotlight – Traditional Bank

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Traditional Bank has been providing quality banking services in Kentucky since 1902 and has enjoyed working with Benefit Insurance Marketing for more than twelve years.  Like our trusted team at BIM, our bank is committed to building strong client relationships through responsive leadership, local decision makers and a commitment to service.

Our experienced lenders, flexible accounts, and comprehensive online banking services help business owners efficiently manage their cash and maximize their resources.  Our online tools help clients streamline money management and increase speed and security by automating direct deposit payroll, ACH origination, check reconciliation, wire transfers and other daily activities.   Remote deposit capture allows businesses to scan checks at their place of business and deposit them electronically into their Traditional Bank checking account. A complimentary courier service is also available to commercial clients for daily or weekly deposit pick-ups.

A closely held bank of approximately 80 shareholders, Traditional Bank has assets of just over $1 billion and thirteen banking centers in five Kentucky counties. Visit www.traditionalbank.com for a complete listing of locations.  Like us on Facebook to learn more about Traditional Bank in your community!

Recent Insights

April 22, 2024
News

Do You Know Where Your Employees Are? Managing Taxes for a Growing Remote Workforce

READ TIME: 5 MINUTES Remote work remains a growing focus of employers with employees increasingly seeking jobs that permit remote or hybrid work arrangements. Though the flexibility and benefits of remote work for employees is highly desired, it comes with some additional considerations and potential tax complications for the employer. State Income Tax Withholding Considerations […]
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April 22, 2024
COBRA, Compliance Alert

Group Health Plan Guide to COBRA

The Consolidated Omnibus Budget Reconciliation Act (COBRA) gives workers and their families who lose their health benefits due to job loss, reduction in hours, death, divorce, and other life events the right to choose to temporarily continue health benefits provided by their group health plan. This guide includes: Employers required to offer COBRA Plan types […]
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April 8, 2024
HIPAA

Timely Responses Required for Requests under HIPAA’s Right of Access Rule

READ TIME: 4 MINUTES On December 15, 2023, the U.S. Department of Health and Human Services (HHS) Office for Civil Rights (OCR), announced a settlement under the Health Insurance Portability & Accountability Act (HIPAA) Right of Access Rule. This penalty illustrates that the Right of Access Rule remains a focus of HHS and that health […]
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April 8, 2024
Compliance Alert

March 2024 Compliance Recap

READ TIME: 7 MINUTES ACA reporting is in its first year of the required electronic reporting for employers filing ten or more returns annually. Employers and employees must make changes to HSAs by the April 15 deadline. Employers of all sizes continued to prepare for the June 1 RxDC Reporting using the newly released instructions. […]
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