This change only impacts select Forma members. All members impacted will be notified directly via email about account changes. If you have not been notified, then this change does not impact your account.
You should consult with your tax advisor given your specific circumstances.
If you agreed to the banking migration and your funds were transferred by Forma directly from Blue Ridge Bank to Thread Bank, this is considered a "trustee-to-trustee" transfer.
This type of transfer is not reported as a distribution nor a contribution, therefore there are no tax implications because funds went straight from one HSA to the other.
You will not receive a 1099-SA solely as a result of the trustee-to-trustee transfer, but may receive a 1099-SA if you withdrew other funds during 2024.
If you closed your HSA, there may be tax implications to keep in mind. Please see here for more information.