Your benefits are a valuable part of your total pay.
During last year, American Bank paid about 35% of your base
pay in benefits. Our benefits plans are designed to provide
flexibility for you to select the programs and contributions
which best fit your needs and the needs of your family. This
summary is provided for your information as a quick reference
to the benefits available to you. Details of the plans are
available by clicking on any link to a Plan Document, or you
may contact your Human Resources office by phone at (904) or
e-mail at (button)
Each of the benefits summarized below is established by a
written policy or insurance contract. Although the editors of
this website believe all information to be complete and
accurate, in case of any disparity between the information
provided here and that found in the original documents, the
original documents will be considered correct. All
statements of insurance coverage are subject to the terms,
conditions, restrictions, and other eligibility requirements
set forth in the plan documents, which is the final word in
terms of eligibility and coverage.
Eligibility Period: American Bank has a 90-day
eligibility period for most benefits, including Group Health,
Life, and Disability Insurance. Other benefits may have
different eligibility periods, which are stated at the
benefit description.
Section 125 Flex Benefit
Plan
The bank has implemented a "Flex Benefit
Plan" as part of your benefit program. Section 125 of
the Internal Revenue Code allows employees to convert a
taxable cash benefit (your salary) into nontaxable benefits
(such as medical insurance). Under this program you may pay
qualified benefit premiums before taxes are deducted
from your paycheck. You and the company both gain from this
program, because neither you nor the bank pays taxes on
benefits covered by this program.
If you elect to enroll in the "Flex Benefit
Plan" your health/dental coverage (single/dependents)
must remain the same until the beginning of the next plan
year unless there is a qualified change in your family
status.
Group Health Insurance
American Bank sponsors a
health insurance plan, contracted with the Principal Health
Care of Florida, Inc., to protect you and your family if you
incur medical expenses.
Eligibility
Fulltime and primetime, nonofficer employees become
eligible for insurance on the first day of the month
following the completion of 90 days of continuous employment.
Part or peaktime employees transferring to a full or
primetime status will be eligible on the first of the month
following 30 days in their new position. Officers become
eligible for insurance on the first day of employment.
Enrollment Procedures
To become insured you must complete the required
enrollment forms within 31 days after becoming eligible. You must also enroll your eligible family
members within the first 31 days of your own eligibility or
within 31 days of their becoming eligibility by marriage or
birth.
If you are not actively at work on the date your insurance
would otherwise become effective or benefits levels
increased, and you are then disabled or under a physician's
care due to sickness or injury, your insurance will not
become effective or be increased until the date you resume
full or primetime work with American Bank.
If one of your dependents is confined in an institution as
a result of sickness or injury on the date his/her insurance
would otherwise become effective or be increased, his/her
insurance will not become effective or be increased until the
day following his/her discharge from the institution. This
provision will not defer the original effective date of
insurance for your newborn child, providing you elect
dependent coverage within 31 days of birth.
Your Insurance Cost
Your contributions for medical and dental coverage will
automatically be deducted semi-monthly from your pay, based
on the coverage you select. Current monthly medical/dental
premiums are:
| |
Select Plus |
Secure HMO |
| Employee Only |
$20 |
$10 |
| Employee & Spouse |
$90 |
$65 |
| Employee & Child(ren) |
$80 |
$55 |
| Family Coverage |
$95 |
$70 |
Medical Plan Summary
You have a choice of two plans:
- the Principal "Select Plus", which is a
"preferred provider" plan with an option
for coverage outside the network, or
- the Principal "Secure", which is an HMO.
Those covered by Select Plus have the option to go in and
out of the HMO network of physicians and hospitals each time
they seek medical care. Those covered by Secure must select
from the HMO network to be covered.
With each plan, employees and dependents must select a
Primary Care Physician (PCP) from the list of providers. By
using the services of their PCP, those insured meet no
deductibles and pay only minimal copayments for medical
care. The PCP will coordinate all medical care, including
referral to a specialist when necessary.
Principal Select Plus
You and your insured dependents must select a Primary
Care Physician (PCP) from the list of providers. The PCP will
coordinate all medical care, including referral to a
specialist when necessary.
In-network services: No deductible; $XXXX
co-payment for office visits. Maximum $1,000 per insured each
calendar year, or $2,000 per family.
Out of network services: $250 annual deductible and
70%/30% coinsurance on covered expenses. The maximum
outofpocket expense per year for each insured will be
$2,500, or $5000 per family. Precertification is required
for certain procedures.
Preventive care and certain other special services are
only provided within the network.
Principal Secure
This is an HMO and you must seek treatment from your PCP
anytime you need medical attention. Employees selecting this
plan pay lower premiums and must receive medical care from
their PCP or a PCP referred specialist. Only in emergency
situations are exceptions made.
Preventive care and certain other special services are only
provided within the network.
Prescriptions for either plan may be filled at any
participating pharmacy. Participants pay $7 for generic and
$14 for name brand drugs.
Dental
Insurance
The American Bank Dental Insurance Plan
provides 100% reimbursement, twice each calendar year, for
preventive dental care.
General dental procedures, including fillings, extractions,
and root canals, are covered at 90% if you utilize the PPO
providers, or at 80% when a dentist is used who is not in the
network, after satisfying a $50 deductible. Major dental and
orthodontia procedures are covered at 60% inside the network.
There is a $500 first year maximum benefit per insured; $1500
calendar year maximum benefit each year thereafter, and a
lifetime maximum of $10,000. Certain reductions apply to
employees who do not elect coverage when initially eligible.
Detailed Plan Description.
Life Insurance
Each full and primetime employee has life
insurance and matching accidental death and dismemberment
insurance equal to two times your basic annual earnings not
to exceed $450,000. Amounts of coverage are reduced beyond
age 65. The bank pays the full cost of this coverage.
Detailed Plan
Description.
Long-Term
Disability Insurance
Longterm disability insurance is provided
completely at company expense to full and primetime
employees. The insurance provides income when you are absent
from work continuously for more than 90 days due to total
disability resulting from nonoccupational accidents or
sickness.
The benefit amount shall be 70% of your basic monthly
earnings not to exceed the maximum benefit of $5000, less
other income benefits (e.g. Social Security).
Detailed Plan
Description.
Travel
Accident Insurance
You are insured for accidental death or
dismemberment which occurs as a result of a business trip. A
business trip means travel or a temporary stay for the
purpose of conducting bank business.
Optional Insurance Plans
Long Term Care (LTC) LTC is the type of
care you or members of your family may need if you can no
longer take care of yourself. Employees may purchase LTC
insurance on a voluntary basis for themselves, immediate
family members, parents and in-laws.
Supplemental Insurance Supplemental
insurance plans may be purchased on a voluntary basis through
American Heritage Life in the areas of life, disability and
dread disease insurance.
Choice
Plan 401(k)
The Choice Plan 401(k) is designed to provide
American Bank employees an attractive opportunity to build
funds for retirement, or certain other future capital needs.
Choice Plan allows employees to save conveniently through
payroll deduction, and save on taxes. When an employee elects
to participate in the 401(k), contributions are deducted from
pay before income taxes are calculated, resulting; in less
taxable income. Another very attractive feature of the Choice
Plan is the Bank matching contributions. For each $1.00 an
employee contributes (up to 5% of pay) American Bank will
make a matching contribution of $.75.
All Bank employees may participate when they have reached age
21 and have worked at least 1,000 hours during a consecutive
12 month period. The plan entry dates are January 1 and July
1 each plan year.
Participants may invest their salary deferrals in any one or
combination of the five investment accounts. These accounts
are as follows:
Guaranteed Long Term Account This account invests
in longer term fixed income securities. Contributions and
earned interest are guaranteed against loss by Connecticut
General Life Insurance Company (CIGNA), and interest rates
are declared in advance each year.
Balanced Account The investments in this account
are balanced through the selection of appropriate assets to
achieve longterm growth, income, and preservation of
capital. The assets in this account are invested in common
stock, publicly traded bonds and shortterm cash (money
market) accounts. There are no guarantees with this account.
Fidelity Advisor Growth & Income Account This
investment seeks both income and growth of capital. While the
account offers no guarantees and carries an element of risk,
it does offer longterm investment growth and potentially
less volatility.
Standard & Poor's Index Account This account is
designed to reflect the Standard & Poor Composite Index,
better known as the S&P 500, however it does not invest
in CIGNA companies' stock. While it offers no guarantee and
carries an element of risk, the account does provide the
opportunity for higher returns.
Fidelity Advisor Growth Opportunities The objective
of this account is to provide capital growth. Because stock
prices fluctuate, there are no guarantees of either principal
or interest. As a result, there is an element of risk, but
also the potential for greater reward.
Detailed Plan
Description.
Employee Stock Ownership Plan (ESOP)
The American Banks of Florida, Inc. Employee Stock
Ownership Plan and Trust (ESOP) makes each employee an owner
of the bank. Each employee plays an important role in the
bank's financial success, primarily through providing the
best possible service and quality products to our customers
in the spirit of OnetoOne banking. As the Bank does well
and grows in value, so will the value of your ESOP Stock, and
the amount of benefits you will receive upon retirement.
To be eligible to enter the plan, you must complete a year of
service (1000 hours) with the bank and be at least 21 years
of age. Once you meet these requirements, you are
automatically enrolled.
ESOP is provided at no cost to you. American Banks of
Florida, Inc. makes discretionary contributions to the plan
which are invested primarily in Company Stock. At retirement,
you will be entitled to receive the funds which have
accumulated in your account in the form of Company Stock
and/or cash. The combined efforts of all employees contribute
to the profitability and growth of the bank and thereby
increase the value of the Company Stock.
Detailed Plan
Description.
Holidays
The holidays observed by the bank are scheduled annually
by the Sixth Federal Reserve District. The holidays generally
observed are:
| New Year's Day |
Labor Day |
| Martin Luther King Day |
Columbus Day |
| President's Day |
Veteran's Day |
| Memorial Day |
Thanksgiving Day |
| Independence Day |
Christmas Day |
If you are a prime or parttime employee, you will
receive holiday pay at your regular rate of pay if a holiday
falls on your normally scheduled work day. Peaktime
employees are ineligible for holiday pay.
If you are a full or primetime employee and a holiday
coincides with your vacation, an extra day will be granted
for the holiday. The extra day must be scheduled and taken at
a time that is mutually agreeable to you and your supervisor.
Vacation
Vacation Time Eligibility for paid
vacation depends upon length of service and level of
employment.
During the first year of employment, vacations for employees
will be provided in accordance with the following guidelines:
New Employees
| Month of Hire |
Full &
Primetime |
Parttime |
Officers |
| January |
1 week* |
2 weeks* |
3 weeks* |
| February |
1 week* |
2 weeks* |
3 weeks* |
| March |
1 week* |
2 weeks* |
2 weeks* |
| April |
0 |
1 week* |
2 weeks* |
| May |
0 |
0 |
1 week* |
| June |
0 |
0 |
1 week* |
| July December |
0 |
0 |
0 |
*Must complete six (6) months of continuous service to be
eligible.
Beginning with the second year of employment the following
schedule will apply:
Full and Primetime Employees
6 Months to 4
Years Service 2 weeks
5 Calendar Years to
13 Years 3 weeks
14 Full Calendar Years and Over
4 weeks
Officers
6 Months
through 8 Full Calendar Years
3
weeks
5 Full Calendar
Years and Over 4 weeks
Vice President
6 Months
through 4 Full Calendar Years
3
weeks
5 Full Calendar
Years and Over 4 weeks
Senior Vice President
6 Months and
Over 4 weeks
PartTime Employees
6 Months
through 4 Full Calendar Years 1 week
5 Full Calendar
Years through 8 Years 2 weeks
9 Full Calendar
Years and Over 3 weeks
Amount of Vacation Pay.
Vacation pay for all prime and parttime employees is
determined by their scheduled weekly hours. If parttime and
primetime employees split their vacation into days, with
approval as explained below, they will be paid for the number
of days they regularly work each week. (Example: If a
parttime employee works Monday, Wednesday, and Friday each
week but takes 5 days off, only 3 will be with pay based on
their authorized scheduled hours as defined above.)
Vacation Pay upon Termination of Employment.
If employment is voluntarily terminated proper written
notice of at least two (2) weeks by an employee, the number
of vacation days to which such an employee is entitled to
will be reduced for each month between the first day of the
month following the date of termination and November 1st.
Employees eligible for one week vacation will be reduced 1/2
day a month; two weeks eligible employees will be reduced one
(1 ) day a month, 1 1/2 days for those eligible for 3 weeks,
and 2 days for those eligible for 4 weeks. Pay for any earned
but unused days of vacation, as determined above, will be
included in the employee's final compensation.
No vacation pay will be granted if the employee was dismissed
for cause or failed to give at least two weeks written notice
of resignation.
Vacation Scheduling.
Vacation choices will be granted based on level of
employment and seniority within the level. Once employees
with the longest service time have selected their vacation
dates, they may not require employees with less service time
to exchange dates except by mutual agreement of those
involved AND approval of the team leader.
Vacation is a benefit intended to provide rest and diversion
from the work routine, and employees are generally encouraged
to take two consecutive weeks of vacation each year.
Exceptions to this policy may be approved by the division
head. Managers who supervise "sensitive" areas
should minimize exceptions to this policy due to internal
control considerations. Two consecutive years of split
vacations for sensitive positions are not allowed except in
emergencies. These positions have been evaluated for the
relative ease of asset manipulation due to the liquidity or
physical characteristics of the assets handled. A list of
sensitive positions will be maintained in Human Resources and
will be communicated to the appropriate team leader each
year.
Pay for Unused Vacation/Carryover
An employee may not receive pay instead of vacation.
Employees may not carry any unused vacation days from one
year to another. Additionally, terminating employees may not
use vacation in lieu of two weeks' notice.
Employees, other than senior officers, are not to come in and
handle any of their normal work during their scheduled
vacation unless they have been requested to do so by their
manager.
Sick/Personal
Leave
The nature of bank work is such that a dependable
attendance record is extremely important. Most jobs are
technically and professionally oriented so that they cannot
be filled properly by substitutes. At the same time, you are
not expected to work when ill or when a personal emergency
makes an absence necessary.
Illness Paid sick days are granted solely for the
purpose of protecting you from loss of income during periods
of illness or injury, or required care for an immediate
family member due to illness. In the event you must be absent
from work, you must notify your supervisor by no later than
regular reporting time.
During your new employee 90 day initial employment period you
will not be paid for absences, except for jury duty or injury
on the job. In the first year of employment, beginning after
the 90 day initial employment period is completed, the number
of eligible sick days will be accrued at the rate of 1/2 day
per month (computed using the regular number of hours worked
per day.)
Your supervisor is responsible for determining whether or not
you are paid for absences, based upon the guidelines of this
policy. You may be required to present a doctor's note before
sick time is granted. If you should resign, a doctor's note
may be required prior to receiving pay for a sick day during
your two week notice of termination.
Full and primetime employees may only receive sick pay for
up to six absences due to illness, injury, or family illness
within a calendar year. Additional absences, or absences not
approved by your supervisor, will be without pay.
Parttime and peaktime employees are ineligible for paid
sick time. Officers will be paid for absences at the
discretion of their supervisor.
Five or more days of absence within any one calendar quarter,
or nine or more days in a calendar year is considered
unsatisfactory attendance and may warrant appropriate
disciplinary action.
Medical/Dental Appointments Every attempt should be
made by you to schedule medical/dental appointments outside
of working hours. However, with prior approval of the
supervisor, time off with pay will be granted to full and
primetime employees.
Personal Business As with medical/dental
appointments, every attempt should be made by employees to
handle personal business outside of working hours. However,
with prior approval of the supervisor, time off with pay to
attend to personal business will be granted to full and
primetime employees for the following reasons:
- Legal appointments (divorce, closing on home, etc.)
- Personal emergency such as automobile breakdown,
emergency home repair, etc.
- Appointments for personal business such as required
parent/teacher conferences
- Any tardiness or need to leave early to attend to an
essential personal matter which cannot be
handled
outside of working hours
- Religious holiday, other than those observed by
the bank
- Funerals
Up to 16 hours of paid personal time will be granted to
fulltime employees, and 12 hours for primetime employees,
within any one calendar year. For new employees, personal
hours will be accrued, beginning after completion of the
initial employment period, at the rate of 4 hours per
calendar quarter for fulltime and 3 hours per calendar
quarter for primetime during the first year of employment.
Part and peaktime employees are ineligible for paid
personal time. In addition, full and primetime employees
with unsatisfactory attendance are not eligible for paid
personal time.
Personal time will not be granted for the purpose of
additional sick or vacation days.
Medical
Leaves of Absence
Paid Leave
The bank provides compensation according to the schedule
below, for full and primetime employees who must be absent
from work because of illness or injury. The maximum length of
such compensation is thirteen (13) weeks, (91 days). The
period of salary continuation is based on length of service
as follows:
Full and PrimeTime Employees
Amount of leave available if medically necessary
| Length of
Service |
Full Pay
For |
+ 60%
Pay For |
Maximum
Benefits |
| 6 months &
up to3 years |
3 weeks |
5 weeks |
*up to 8 weeks |
| 4 years |
4 weeks |
6 weeks |
*up to 10 weeks |
| 5 years |
5 weeks |
7 weeks |
*up to 12 weeks |
| 6 years |
6 weeks |
7 weeks |
*up to 13 weeks |
| 7 years |
7 weeks |
6 weeks |
*up to 13 weeks |
| 8 years |
8 weeks |
5 weeks |
*up to 13 weeks |
| 9 years |
9 weeks |
4 weeks |
*up to 13 weeks |
| 10 years |
10 weeks |
3 weeks |
*up to 13 weeks |
*Employee will be paid according to amount of time
medically prescribed by a physician
Officers who are vice presidents or above will receive five
(5) weeks of full pay and seven (7) weeks of 60% pay
immediately upon hire. After five (5) years of service they
will follow the schedule for fulltime employment.
Unpaid Leave
In accordance with the Family & Medical Leave Act
(FMLA), if you have been employed for one year in which at
least 1,250 hours were worked, you are eligible for 12 weeks
of unpaid leave in the event of a serious medical condition,
or birth of your child, which requires absence from work. You
will receive accrued paid leave, as applicable, will continue
during an approved leave of absence. You will be responsible
for remitting your normal medical/dental premium contribution
to Human Resources each pay date once you are on unpaid leave
status.
If you do not return to work after the end of your leave, and
it is not due to the serious health condition of a family
member, or possibly other circumstances beyond your control,
you will be responsible for reimbursing the bank for the cost
of your insurance benefits for the period of time during
which you took family leave.
If you are absent because of any temporary illness or injury
which exceeds one work week (5 consecutive days), i.e., a
medical leave of absence, you must provide your supervisor
with a statement from a physician stating the nature of your
illness or injury and expected date of return. You must
update the supervisor periodically as to your status and
intention to return to work.
The bank holds the right to investigate your absence. If the
investigation findings are unsatisfactory, leave with pay may
be denied.
In cases where a medical leave of absence is necessary due to
being involved in an auto accident, the bank will not pay
compensation since the auto insurance carrier will compensate
for the wages lost.
Family Leave
On occasion it may be necessary for you to be
absent from work for a period of time due to personal
reasons, including the adoption of a child, or serious
illness of a close family member (spouse, child, parent)
requiring your care. Leaves of absence without pay for up to
12 weeks will be granted in accordance with the Family &
Medical Leave Act (FMLA) under the following circumstances:
- You have been on the payroll for a minimum of one
year (at least 1,250 hours worked.)
- You provide your supervisor with 30 days' notice for
foreseeable leaves. In all cases, you must make
efforts to schedule leave so as not to disrupt bank
operations.
- You provide your supervisor with medical
certification that justifies the need when the reason
for the leave is to provide care for a close family
member who is ill. The certification must include the
date on which the serious health condition commenced;
the probable duration of the condition; and an
estimate of the amount of time you will need to
provide care. Subsequent re-certification may also be
required during the period of leave, and
you must update your supervisor periodically as to
the status and your intention to return to work.
Intermittent Leave. Family leave
of absence may be taken intermittently for providing care to
a close family member. In the case where intermittent leave
is required, you may be required to transfer temporarily to
another position, with equivalent pay and benefits, which
better accommodates recurring periods of absence or a
parttime schedule.
Use Paid Time First. Unused vacation
time and paid illness days (if leave is related to illness)
must be taken by you as a means to cover the absence before
changing to unpaid leave status. Insurance benefits, as
applicable, will be continued for the period of leave
granted. You will be responsible for remitting your normal
medical/dental premium contribution each pay date to the
Human Resources department.
Reinstatement. Employees who return
to work from a family leave of absence will be reinstated to
the same or an equivalent position, with the possible
exception of key employees..
Failure to Return. If you fail to
return to work after an approved leave of absence expires,
you will be considered to have resigned from the bank. If
your failure to return is not due to the serious health
condition of a family member, or possibly other circumstances
beyond your control, you will be responsible for reimbursing
the bank for the cost of your insurance benefits for the
period of time during which you took family leave.
Death
in the Family Leave
It may be necessary to be away from the office
because of the death of a close relative (child, spouse,
parent, brother/sister, grandchild/grandparent, mother/
fatherinlaw, brother/sisterinlaw.) Your supervisor
will work with you in every way to accommodate your request
for a leave of absence for this type of emergency.
With the approval of your supervisor, the policy of American
Bank is to give a leave of absence with pay for this kind of
emergency on the basis of travel time (for outoftown
funerals), plus two days. Those eligible are full and
primetime employees who have completed the 90 day initial
employment period. If additional unpaid leave is required or
desired for personal business matters, it must be approved by
your supervisor.
Military Leave
FullTime Active Duty
A military leave of absence without pay will be granted
to full, prime, part, or peaktime employees who enlist in
the armed forces (Army, Navy, Marine Corps, Air Force, or
Coast Guard, but excluding Merchant Marine) in response to an
order or call to active service. A copy of the employee's
military orders must be submitted for inclusion in the
employee's personnel file. The employee will be given accrued
vacation pay upon leaving for military duty or be allowed to
take earned vacation days with pay prior to the beginning of
his/her military leave. While on military leave of absence,
the employee will not accrue vacation time. Time spent on
military leave of absence will be counted, however, in
determining the employee's length of employment for purposes
of calculating how much vacation time the employee will be
entitled to accrue once the employee is reinstated. Group
benefit plans will cease upon the termination of active
employment for periods in excess of thirty (30) days.
ShortTime Active Duty for Training
A military leave of absence without pay will be granted
to full, prime, part, or peaktime reservists or National
Guardsmen who are ordered to perform an initial period of
active duty for training of not less than twelve (12)
consecutive weeks. A copy of the employee's military orders
must be submitted for inclusion in the employees personnel
file. If an employee leaving for military duty will not be
returning to work that year, the employee will receive
accrued vacation pay or be allowed to take earned vacation
with pay prior to the beginning of his/her military leave of
absence. If by virtue of the employees he/she has not worked
sufficient time to be eligible for a vacation or vacation
pay, he will not receive either benefit that year.
Weekly Drill, Weekend Drills, or Summer Training Duty
A military leave of absence without pay will be granted
to full., prime, part, or peaktime reservists or National
Guard employees to participate in weekly drills, weekend
drills, or summer training duty. An employee will not be
required to use his/her vacation time to pursue such
training.
Jury Duty
Jury duty is a civic
responsibility and will be treated as an absence with pay.
The bank encourages you to fulfill this responsibility,
However, the bank reserves the right to request an excuse
from jury duty for you if, in
the opinion of your supervisor, your services are vital to
the operation of the department at that time.
Upon receipt of a summons to serve on jury duty, you should
present a copy of the notice to your supervisor as soon as
possible.
When the jury is not meeting, you are required to report to
work. Additionally, you will be required to report to work
before and/or after jury duty as time and circumstances
warrant. You are entitled to retain any payment which you
receive for jury duty.
Attendance
Bonus
American Bank will award a $200 bonus to full and
primetime employees (nonofficers) who achieve perfect
attendance in a calendar year in which they were continuously
employed from January 1 through December 31. You will achieve
perfect attendance when you are present on all scheduled
workdays during regular working hours. Days which are missed,
but made up, will count as absences for purposes of the
Attendance Bonus Program. Medical/dental appointments (of
less than 1/2 day), funeral leave, and jury duty will not
count as absences when calculating attendance bonuses. In an
effort to extend this benefit to all employees with above
average attendance records, the following scale will apply:
| Days Missed |
Bonus Full &
Prime |
Part-time |
| None |
$200 |
$100 |
| One |
$150 |
$50 |
| Two |
$100 |
$0 |
Officers and peaktime employees are
ineligible for the Attendance Bonus Program. Bonuses will be
paid in February of each year following the calendar year in
which they were earned.
Educational
Assistance
Tuition
Reimbursement
American Bank encourages you to continue to develop your
skills and effectiveness on the job. Eligible employees are
provided reimbursements for the cost of tuition for
workrelated study programs offered by accredited
organizations. A course is workrelated if it is designed to
enable you to handle your current position more effectively
or efficiently, or provide you with the necessary
qualifications for advancement within the
company. It does not apply to basic nonbusiness courses
that are not directly related to your job. Full and
Primetime employees who have completed 3 months of
employment are eligible for educational assistance for
bankrelated courses taken through a nationally recognized
business school, junior college, or university.
Prior to registration, you must complete an "Educational
Assistance Request" form which can be obtained from
Human Resources. The request must be signed by your
supervisor and returned to Human Resources. You will be
notified whether or not each course is approved for
reimbursement.
If approved, reimbursement will be provided after successful
completion of a course for tuition costs at the rate
presently charged by state institutions of higher learning.
Reimbursement will be provided for two (2) courses per
semester.
American Institute of Banking
American Bank supports the Jacksonville Chapter of the
American Institute of Banking and the functions and programs
it provides.
All employees are eligible to enroll in AIB courses after
successful completion of the 90 day initial employment
period. Your tuition for AIB classes will be paid in full by
the bank, providing you complete each course with a grade
"C" or above. You will be responsible for obtaining
textbook(s). If you do not successfully complete an AIB class
in which you enroll, you will be responsible for reimbursing
the bank for the total enrollment fee.
When an AIB class is offered inhouse, you are required to
enroll in that class rather than one offered outside of the
bank.
Employee
Assistance Program
The EAP is a program wherein professional
counselors are readily available to you and your family for
free, shortterm counseling help to resolve problems.
There is no cost for the services provided by the EAP,
including preliminary evaluation, shortterm counseling,
and/or referral. This benefit is provided to full and
primetime employees and immediate family members, even if
you have elected not to enroll in the bank's health insurance
plan. Generally, up to six (6) sessions are provided by the
EAP. If you are in need of further treatment, the counselor
will refer you to a provider that will be covered under our
group medical insurance. All visits are strictly
confidential; the bank does not have knowledge of which
employees may be in treatment.
You may call 2810623 to schedule an
appointment.
Bank Services
As an employee, officer, or director of American Bank, the
following services are offered free:
- Two free standard personal checking accounts
- Free Notary Public services
- Free Traveler's Checks & Cashier's Checks
- Free safe deposit boxes for employees of at least 10
years service
- Setup fee for safe deposit box is waived
- Savings Bonds may be purchased through payroll
deduction
- Two savings accounts, free of service charges may be
maintained through payroll deduction
Discounts
As an American Bank employee, you may receive the
following discount cards by calling Human Resources:
Magic Kingdom Club Reduced admission prices on
Walt Disney World tickets (Magic Kingdom, EPCOT, and MGM)
Universal Studios 10% discount on admission tickets
AnheuserBusch Theme Parks 15% discount on
admission tickets to Sea World, Busch Gardens, Adventure
Island, and Cypress Gardens
Six Flags Over Georgia Special discount rates apply
for each day of the week
St. Augustine Fun Club Discounts on admissions
at select attractions in St. Augustine
These cards will also provide you with discounts on various
hotels and car rentals including but not limited to:
Car Rentals National Rental Car (mention Magic
Kingdom Club or Anheuser Busch card)
Hertz Car Rental (Universal Studio card)
Hotels 25% discount at Ramada Resort Main Gate (Disney
World) seasonal rates
10% discount at Walt Disney World Resorts
10% discount at Choice Hotels (Universal card)
Up to a 50% discount on available room rates at the
Sheraton Lakeside Inn, Orlando
American Travel Agency 5% discount on vacation
packages which include cruises and tours
(does not apply when purchasing airline tickets only)
Sun Tire 10% discount on the purchase of tires
and certain auto repairs
Paul Lewis Tire 5% discount on tires and 10%
discount on service
Goodyear (Dison's) 10% discount on tires and
service
Childtime Children's Centers, a childcare facility,
offers American Bank employees a 10% discount on weekly
tuition.
La Petite Academy, a child care facility, offers
you a 10% discount on weekly tuition when you identify
yourself as an employee of American Bank.
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