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Scam of the Week: Phishing with Phony Loans

KnowBe4 Security Tips - Social Media Social Engineering 2/1/2021

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Note from our CEO

September 21, 2021

As your community bank we want our customers to know the facts, especially when it relates to concerning developments around public policy that expose your financial privacy.

The Biden administration has proposed requiring all community banks and other financial institutions to report to the IRS on deposits and withdrawals of all business and personal accounts with a balance of $600.00 or more, regardless of tax liability.

This indiscriminate, comprehensive bank account reporting to the IRS can soon be enacted in Congress and would create an unacceptable invasion of privacy. This IRS bank account profiling is intrusive and compromises your privacy.

If you oppose such a proposal, we encourage you to contact your lawmakers at this link provided by the American Bankers Association.

Sincerely,

Annette M. Russell
President and Chief Executive Officer

Contact Congress

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