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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Steps to encourage a harassment-free workplace 

Workplace harassment takes on many forms, making it difficult to tell the difference between normal office banter and offensive or unlawful behavior. Most of us agree that we want our workplace to have a friendly and enjoyable environment. There are some practical steps your bank can take to encourage a harassment-free environment, protecting it from claims and lawsuits.

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Court rules in bank’s favor in an account takeover case. 

What does this mean to you?

In a relatively high profile court case, an appellate court ruled in favor of the defendant/bank rather than the plaintiff (the bank’s customer) in a dispute over an account takeover claim and reversed a lower court opinion, ruling that the bank may seek attorney’s fees from the plaintiff. In many respects, the decision handed down will be a significant influence on future court cases and also on security/verification procedures a bank mandates or places on accounts regarding account transfer requests.

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Welcome to the new abais.com 

Mar, 2015 Categories: News Spotlight
We designed the site to be a comprehensive resource for ABA Insurance Services. Be sure to watch the whiteboard animation video on our homepage to learn more about working with ABA Insurance Services.

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ABA Insurance Services gives back 

Mar, 2015 Categories: News Spotlight

Service is one of the core values of ABA Insurance Services. While we exemplify Service in our daily business interactions, we extended our Service to our community on our 5th Annual Day of Service, December 10, 2014.

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The importance of having a breach response plan in place 

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: Distribution 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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