Posts in Category: Banks

Blog Post List

Fleet-footed investigations and prompt remedial action: the new normal 

The following article by Philip Storm, Earl M. (Chip) Jones, III and Greg Keating is reprinted with permission from Littler Mendelson

Whistleblowing has really become a hot issue. In March 2015, the SEC issued a half million dollar bounty award to a whistleblower, serving as a huge reminder to employers–including community banks–to have protocols in place to investigate and respond to internal complaints and concerns. The national law firm of Littler Mendelson, experts in employment and labor laws, shares some insight to effectively address internal concerns to prevent (potentially embarrassing) escalations of situations.

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The importance of having a breach response in place 

Mar, 2015 Categories: Banks Spotlight

The possibility of a bank’s systems being hacked are increasing, regardless of the size of the bank. In addition to the well-publicized breaches of mega and regional financial institutions, we are witnessing more reports of attacks on smaller community banks. Your bank should have a workable breach response plan in place on which your staff can quickly rely and follow immediately upon the discovery of a breach.

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25th consecutive distribution declared 

Participating banks to share $1.1 Million
Mar, 2015 Categories: Banks News Spotlight

American Bankers Mutual Insurance, Ltd. (ABMI) has declared a $1.1 million distribution to current member banks of the American Bankers Association (ABA) that have D&O, Financial Institution Bond and related insurance from ABA Insurance Services.

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