Identity theft is the unauthorized use of your name, social security number, date of birth or other identifying information to commit fraud. A study undertaken by the Better Business Bureau and Javelin Strategy & Research estimates that 1 out of every 27 consumers was a victim of identity theft in 2008.
As your financial institution, we are now providing complimentary identity theft protection. Each Sterling Bank consumer account holder* will automatically receive:
Up to $5,000 Identity Fraud Expense Reimbursement Coverage** for expenses associated with clearing your name and repairing damaged credit
An ID Theft Recovery Kit to aid in the restoration of your identity
Toll-Free access to consumer fraud specialists who can assist you through the process of reclaiming your identity
FDIC Insurance: Are You Maximizing Your Coverage ???????
In September, 2008, the FDIC made the first of many changes to its traditional deposit insurance program. These changes were designed to remind the public that the FDIC’s resources are strong and that no depositor has ever lost a penny of insured deposits. Insured deposits are absolutely safe.
We at Sterling Bank want to make certain our customers are maximizing the coverage available through the changes in FDIC insurance guidelines. Many of you have already received calls from Bank staff to review your deposit accounts and make certain adequate coverage is in place. If you haven’t been contacted and have concerns, please feel free to reach out to your branch or corporate services representative for assistance.
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