FIRST BANK AND TRUST OF MINDEN TO OFFER LONG-TERM CARE SAVINGS PLAN

Lincoln, NE - State Treasurer Shane Osborn is pleased to announce that First Bank and Trust of Minden has agreed to become a participating financial institution for Nebraska’s Long-Term Care Savings Plan.

“I’m very grateful to the good people of First Bank and Trust of Minden for helping us educate Nebraskans about how they can take control of their future medical expenses now,” Treasurer Osborn said. “With their exemplary team of astute banking professionals and over 120 years of service to their community, I’m confident that First Bank and Trust of Minden will become a standard bearer for the LTCSP.”

The Nebraska LTCSP is currently the only one of its kind throughout the entire country, offering tax incentives to individuals who open a savings account at a participating financial institution. A Nebraska income tax deduction is available for contributions of up to $1,000 per person ($2,000 per joint return) per year. In addition, all the earnings of the account can generally be excluded from adjusted gross income for Nebraska income tax purposes.

For more information on the Nebraska Long-Term Care Savings Plan please contact a banking professional at First Bank and Trust of Minden.