First American Bank Health Account Services Expands Benefits Offering with COBRA Administration

ELK GROVE VILLAGE, Ill., Sept. 09, 2026 (GLOBE NEWSWIRE) -- First American Bank Health Account Services is expanding its employer benefits solutions with the addition of COBRA administration, expected to be available in October 2026. The new service broadens the company’s employee benefits offering for employers and benefits brokers nationwide.

The addition of COBRA administration complements the Bank’s existing health savings account (HSA), flexible spending account (FSA), health reimbursement arrangement (HRA), and commuter benefit services, giving employers and benefits brokers one trusted partner for a broad range of employee benefit needs.

The service will include member communications, premium billing and collection, required notice generation and fulfillment, reporting capabilities, online elections and open enrollment, and dedicated support for employers and members.

"Adding COBRA administration allows us to support employers and brokers across even more of their benefits needs," said Mitch H. Rosenbloom, FVP, Health Account Services Sales Manager at First American Bank. "Our focus remains on delivering responsive service and providing dedicated contacts who understand each organization and its employees."

The new offering reflects First American Bank Health Account Services' continued commitment to helping employers simplify benefits administration while delivering knowledgeable, personalized support. By expanding its suite of benefit account services, the Bank provides employers and benefits brokers with a single, trusted resource for managing a wider range of employee benefits.

COBRA administration services are anticipated to be available beginning in October 2026.

For more information, employers and benefits brokers may contact First American Bank Health Account Services at (847) 586-2239 or HASSales@firstambank.com.

About First American Bank

Recognized by Morningstar as one of the nation's top 20 HSA providers, First American Bank Health Account Services offers end-to-end administration for a comprehensive suite of benefit solutions, including HSAs, FSAs, HRAs, commuter benefits, and upcoming COBRA administration services. Backed by the strength and stability of First American Bank, a full-service financial institution with $8 billion in assets and 59 branches and offices across the Chicago, Miami, Tampa, and Milwaukee markets, we provide commercial banking, wealth advisory, and personal banking solutions.

First American Bank is a Member FDIC.

Media Contacts

Adelbert Spaan
First American Bank
847-942-8758

Teresa Lee
First American Bank
305-631-6400