Community Bank of the South signs with HSA Clearing Corp

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"We are pleased to have Community Bank of the South join our growing team of financial institutions across the country offering HSAs," said Roy Ramthun Senior VP of HSA Clearing Corp. "Community Bank of the South is providing an affordable, independent Health Savings Account for their customers, no matter which insurance carrier they choose or where they live, allowing the HSA monies to be deposited locally to better benefit the community."

HSA Clearing Corp, the leading Health Savings Account setup provider for financial institutions, announced today the addition of Community Bank of the South to the growing list of financial institutions using their turn-key setup and marketing services.

"We are pleased to have Community Bank of the South join our growing team of financial institutions across the country offering HSAs," said Roy Ramthun Senior VP of HSA Clearing Corp. "Community Bank of the South is providing an affordable, independent Health Savings Account for their customers, no matter which insurance carrier they choose or where they live, allowing the HSA monies to be deposited locally to better benefit the community."

Community Bank of the South recently switched to the Health Savings Account- qualified insurance for their employees and wanted to be able to provide an excellent HSA program in- house, not only for their employees but also for their customer base. They found HSA Clearing Corp offered the most comprehensive HSA program assistance and the educational tools to help their employees and customers understand Health Savings Accounts. Now all qualified Community Bank of the South customers will be able to set up their HSAs locally.

Contribution amounts were recently expanded with passage of the "Tax Relief and Health Care Act of 2006". The new law allows individuals with HSA-qualified health insurance policies to contribute $5,800 for family coverage and $2,900 for self-only coverage for 2008. HSA account holders age 55 and older may make an additional "catch-up" contribution of $900 for 2008. For more information, please visit Community Bank of the South's special HSA website, http://www.hsacbos.com , or call John Agee at 321-452-0420.

About Community Bank of the South,
The Community Bank of the South main office is located in Merritt Island, Florida with branches in Cocoa and Rockledge. Community Bank of the South was founded to meet the needs of small businesses, professionals, and individuals. For more information on Community Bank of the South, please visit their main website http://www.cbosdirect.com, or call 321-452-0420.

About HSA Clearing Corp
HSA Clearing offers turnkey solutions for financial institutions nationwide to initiate and administrate Health Savings Accounts. For more information on their HSA program, or the other benefits of using HSA Clearing Corp, please call 262-348-1300 or visit the website at http://www.hsaclearing.com .

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TIM MORALES

John Agee
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