All German American offices will be closed on Monday, February 16th in observance of Presidents' Day.
Join us for a Customer Celebration Day at our Columbus office on Friday, February 13th. Click here to learn more.
Join us for an Open House at our Petersburg office on Friday, February 6th from 10 AM - 3 PM. Stop by and view our newly remodeled banking, insurance, and investment office, enjoy refreshments, and register for prizes! Click here to learn more.
Our Petersburg insurance team is moving across the street! The insurance team is joining offices with the banking and investments office at 305 E. Main Street. Click here for more details.
MARTIN LUTHER KING JR., DAY - MONDAY, JANUARY 19
All banking and investment offices will be closed.
Insurance offices will be operating normal business hours.
CHRISTMAS HOLIDAY HOURSChristmas Eve - December 24, 2014
Banking offices will close at 12:00 P.M. Investment offices will close at 1:00 P.M. Insurance offices will be closed all day.
Christmas Day - December 25, 2014
All German American offices will be closed.
All German American locations will resume normal business hours on Friday, December 26, 2014.
DO NOT RESPOND TO SCAM PHONE CALLS
It is very important that you DO NOT respond to scam phone calls.
Scammers auto dial thousands of random phone numbers, use our German American name, or another bank name, as the caller identity, and entice you to respond with your personal, private information. Since these calls are randomly auto dialed, scammers do not hold any private, personal information about you. They only gain your private, personal information when you respond to scam phone calls and give them your information.
IF YOU RESPOND TO A SCAM CALL USING OUR GERMAN AMERICAN NAME, be sure to call us immediately at 800-482-1314. There is no need for you to call us to inform us that you have received a scam call. We only need to hear from anyone who responded to the call with their private, personal information.
Rest assured that these scammers only obtain any of your private, personal information if you respond to these calls. Your help in not responding to these types of calls is very important.
Protect your personal, confidential information and never respond to scam calls or text messages. Your German American team is always here to help and we value the trust you place in us and appreciate your loyalty.
Thanksgiving Holiday Hours
All German American offices will be closed on Thanksgiving Day.
Banking offices will resume normal business hours on Friday.
Investment offices will close at 1:00 PM on Friday.
Insurance offices will be closed on Friday.
Click here to learn tips on how to prepare for winter weather.
Join us for a Customer Celebration Day on Friday, November 14th from 11 AM - 1 PM at our Oakland City office. Stop by for food, fun and prizes! Click here to learn more.
Join us for the Washington Kid's Fall Festival on Monday, October 27th from 5-7 PM. Kids and families, stop by for a fun evening of games, food and fun! Click here to learn more.
Join us for a Customer Celebration Day on Friday, October 17th at our Winslow location and all 9 locations in Dubois County. Stop by to enjoy food, fun and prizes! Click the location name to learn more.
COLUMBUS DAY - MONDAY, OCTOBER 13, 2014
All of our banking offices will be closed. Our Insurance, Investment and Trust offices will be open normal business hours.
Join us for a Customer Celebration Day on Friday, October 10th from 11:00 AM - 2:00 PM at our Princeton location . Stop by to enjoy food, fun and prizes! Click here to learn more.
Valuable Estate Planning Information
At German American, our goal is to help you make smart financial decisions through out your life. The following Estate Planning Article recently published on CNBC.com provides valuable information on the importance of estate planning. As always, contact the Investment and Trust professionals at German American when you need direction and guidance.
There's a common misperception that estate planning is reserved for the wealthy, as an attempt to shield assets from the grasp of Uncle Sam—but nothing could be further from the truth.
In fact, estate planning is giving what you have to whom you want, the way you want, when you want and with the least amount of taxes and expenses possible.
Keep in mind that your estate is anything you own or have control over. That would include equity in your house, retirement accounts, a business or the proceeds of a life insurance policy. The manner in which you title these assets can have a profound financial and emotional impact on the beneficiaries.
In truth, everybody already has an estate plan—some voluntarily; others involuntarily. A will is a legal declaration that names the person who will distribute an estate and determines the recipients. It is generally recommended that everybody, regardless of circumstances, delineate their desires in a will.
In the cases of those who die without a will and have assets that exceed debts and funeral expenses, their estates will be subject to "intestacy," a process whereby state laws determine how the assets are distributed.
In this instance, lineage usually takes precedence over what the decedent would have preferred. It has a tendency to stray from common sense and cause family discord, and it should be avoided.
Failure to execute a plan can have dire consequences. A married couple with two children may have sufficient life insurance and a will that leaves all the assets to a surviving spouse. Should the husband pass away, his surviving spouse and their children are provided for properly.
However, if his widow remarries, puts her assets in joint name and then predeceases her second husband, her children from her first marriage are effectively disinherited—because assets in joint name pass by way of contract and usurp the terms of a will.
Instead, parents can establish a revocable living trust that segregates any existing assets from those of a future new spouse and protects their own children from the negative impact of a second marriage. A deceased parent, in essence, can govern from the grave.
Trustees responsible for managing such trusts have a fiduciary responsibility to adhere to their terms and are personally liable if derelict in their duties.
A living trust also sets the terms according to what the parent thinks is in his or her children's best interest. If I'd inherited $500,000 when I was 18, I would have had a red, shiny Porsche—not all beneficiaries are prepared to manage a lump sum at a young age. My living trust, therefore, pays for all of my son's college expenses but will only match his W-2 income if he doesn't graduate.
Who are your beneficiaries?
If a child is one, who makes decisions on his or her behalf? It's also not unheard of for ex-spouses to inherit life insurance benefits long after the divorce. Where is your will, and would your family be able to find it? If the will is locked in a safe deposit box, how would the executors prove they have the authority to access it—especially if that authority is, ironically, granted in the locked-up will itself?
For those who are self-employed, who will run your business if you pass away? How much is it worth? Are you just guesstimating?
A business is an asset that could disappear without establishing a value while the owner is still alive. If there is more than one owner, they can each own life insurance on the other and agree to use the death benefit to buy out the decedent's share of the business at a predetermined price, ensuring the family receives its fair share.
Finally, there is a matter of estate taxes. Federal estate taxes are not due if the estate is valued at less than $5.34 million in 2014. Moreover, a surviving spouse can inherit an unlimited amount of money.
That sounds like a lot, but check your state to see if it has a death or inheritance tax. Half of all states impose a tax on estates at thresholds much lower than the federal allowance, with many ranging between $1 million and $2 million.
Why is this important? If you're single, have a $500,000 401(k) plan account, $250,000 in home equity and a $1 million life insurance policy, you may not feel rich, but your estate is worth $1.75 million. In some states, your beneficiaries would have to write a check to the state treasury.
Fortunately, these circumstances can easily be avoided with the proper planning, and you'll likely sleep better at night when the process is complete. It's advisable to use an estate-planning attorney, as these matters require the attention of a specialist. While none of us will live forever, all of us—without question—should plan for a smooth transition upon our death.
—By Ivory Johnson, special to CNBC.com. Johnson is the founder of .
THE HOME DEPOT DATA BREACH
IMPORTANT INFORMATION: You are most likely aware of the recent news surrounding The Home Depot data breach. German American has sophisticated fraud detection software in place which monitors the situation closely to help prevent fraudulent activity on your check card and/or credit card with us. We will contact you if we notice any unusual transactions. In the meantime, please check your account activity and statements closely and contact our Customer Service Team at 800-482-1314 if you see unusual account activity. Our online banking and mobile banking products give you 24/7 access to your accounts, which makes it convenient to monitor your accounts on a consistent basis.
Join us for the Fall Festival & Customer Celebration Day on the evening of Monday, September 22nd at our Odon Cannelburg office. Click here to learn more.
Join us at our Tell City Main Street location for our annual Shred Day and Customer Celebration Cook-out on Friday, September 12. Stop by to shred your important documents and enjoy the food and fun! Click here to learn more.
Hey, Vincennes kids and families! Join us on Tuesday, September 9th for our annual "Kids on the Move" Event. Click here to learn more.
Join us for a Social Security Workshop in Bloomington on September 4th or 11th. Choose the date that works best for you! Click here to learn more.
Join us for a Customer Celebration Day at our Evansville St. Joseph Avenue location on Thursday, August 28, 2014! Click here to learn more.
Join us for a Customer Celebration Day at our Evansville Lynch Road location on Friday, August 29, 2014! Click here to learn more.
Join us for a Customer Celebration Day at our Newburgh Epworth Road location on Friday, August 15, 2014! Click here to learn more.
German American announces 5 new promotions: click here to learn more.
German American Bancorp, Inc. to Present at KBW Community Bank Investor Conference on Tuesday, July 29, 2014. Click here to learn more.
Join us for a Customer Appreciation Cookout at our Evansville Hebron Avenue location on Friday, July 11, 2014! Click here to learn more.
Join us for Family Fun Before the Perry County Fair in Tell City on Thursday, July 10, 2014! Click here to learn more.
German American Investment offices will be closed at 1:00 p.m. on Thursday, July 3rd. All German American offices will be closed on Friday, July 4th. Our banking offices will resume normal business hours on Saturday, July 5th.
IMPORTANT INFORMATION: DO NOT RESPOND TO SCAM PHONE CALLS
You may be aware of the recent scam phone calls that fraudulently use our German American name as the caller identity.
It is very important that you DO NOT respond to these scam phone calls.
These scammers auto dial thousands of random phone numbers, use our German American name as the caller identity, and entice you to respond with your personal, private information. Since these calls are randomly auto dialed, these scammers do not hold any private, personal information about you. They only gain your private, personal information when you respond to these scam phone calls and give them your informations.
IF YOU HAVE RESPONDED, be sure to call us immediately at 800-482-1314 . Since we are highly aware of these calls, there is no need for you to call us to inform us that you have received a scam call. We only need to hear from anyone who responded to the call with their private, personal information.
Rest assured that these scammers have not obtained any of your private, personal information from us and that we have contacted the proper authorities to help us attempt to shut down these scammers. Your help in not responding to these calls is very important.
Your German American team values the trust you place in us and appreciates your loyalty.
Join us at our Vincennes 3rd Street location for a Downtown Holiday Celebration Cookout on July 3, 2014! Click here to learn more.
All German American offices will be closed on Monday, May 26th in observance of Memorial Day.
Our Bloomington South College location is having a Customer Appreciation Day on Friday, May 23. Stop by and enjoy the fun! Click here for more information.
2014 Spirit of Jasper 5k Run/Walk and Duathlon Results:
SCAM PHONE CALLS FOR CHECK CARDS
We have received reports that scam phone calls using the German American name are happening again. This is a scam and authorities have been notified. PLEASE DO NOT REPLY TO THESE PHONE CALLS AND TEXT MESSAGES. They are only using our name and have not accessed any secure information. Share this with your family and friends so everyone is informed to not respond to these type of scam calls.
Spirit of Jasper 5k Fun Run/Walk and Duathlon Registration Form
THE HEARTBLEED BUG - ONLINE VULNERABILITY
The Heartbleed Bug is a security vulnerability that has affected many popular websites. The vulnerability could potentially allow secure data to be compromised by malware and cybercriminals. German American has assessed and determined that our website and online banking applications are safe and not affected by Heartbleed. German American uses versions of encryption that are not vulnerable to the Heartbleed Bug.
UPDATE ON SCAM PHONE CALLS FOR CHECK CARDS
While it may appear that the scammers who conducted the many phone calls and text messages these past few days have captured bank information, this is merely an illusion the scammers prey upon. Please read Indiana State Police Officer Philip Hensley's explanation of how these scammers operate.
A number of folks have asked how the scammer would have obtained your phone number or knew that you banked at German American Bank, so I will explain what exactly is going on, and be sure to pass this on so others will understand.
First of all, understand that in a scam like this, GAB was not hacked, nor did they have a breach of security. Their information, which is YOUR information, is still intact and secure. The scammer is using a computer with a number generator that systematically dials every phone number in a particular phone code (such as numbers local to Jasper) and then plays the same computer generated recording... I have heard the message (my wife and I were both called). If you press "1" like the message asks, it begins recording the next 16 numbers you enter for your card number.
The long and short of it is that you are not individually targeted; by using a computer, the scammer can attempt to gain more victims in a shorter period of time.
If you have additional questions or concerns, please contact us at (800)482-1314.
SCAM PHONE CALLS FOR CHECK CARDS
We have received reports that some of our customers are receiving phone calls regarding their check cards. This is a scam and authorities have been notified. Please do not reply to these calls.
BLOOMINGTON 9 NORTH OFFICE REMAINS CLOSED TODAY
Our Bloomington 9 North office needs to remain closed today. Friday should be the day we reopen! Our team is anxiously waiting to serve our customers at our 9 North office tomorrow.
BLOOMINGTON 9 NORTH OFFICE UPDATE
Our 9 North Office in Bloomington will remain closed today. We anticipate opening as usual tomorrow and will keep you posted.
BLOOMINGTON 9 NORTH OFFICE CLOSED TODAY.
Our 9 North Office in Bloomington will be closed today due to electrical issues. The electric company are working to restore electricity to our office and we are hoping we can open later today or tomorrow. The phone lines to our 9 North Office are not operating, so please use our toll free number 800-482-1314. If you dial either the 812-355-2265 or 812-355-6050 numbers, you will receive a busy signal. Please use our South College and 3rd Street offices in Bloomington for your financial needs. We’ll keep you posted when our 9 North office will reopen.