Start spending your change!

With many of us cooped up at home with the COVID-19 pandemic or simply being more cautious by keeping cash purchases to a minimum, the Federal Reserve has issued a statement about a change shortage. The Federal Reserve is asking consumers to spend or trade in their change laying around the house to put additional change back into the economy. …

Beware: Counterfeit money

Any business receiving cash as payment should be aware of counterfeit bills. Once you or your business accepts a fake bill, you own the bill. Here’s what you need to know: Large bills like $100’s and $50s aren’t the only bills to be counterfeited. Some counterfeiters use the homeless to spread smaller bills. Many businesses are tricked into accepting these …

Today marks the 15th year of World Elder Abuse Awareness Day (WEAAD).

World Elder Abuse Awareness Day helps bring to light situations where someone takes advantage of older individuals and uses their assets improperly or deprives them of their assets. Scammers may take advantage of elders because they perceive that they are more vulnerable due to medical / health issues while having accumulated money over time, gained equity in their homes, have …

Be on the lookout for Fraud

We have seen an increase in fraud related activities. Never give out card information. FirstOak Bank will never ask for your personal information or ask you to transfer money. Fraudsters are posing as bank staff to try to get your information The fraudster gathers information from social media to make the scam more believable. Cardholder receives a phone call from …

COVID-19 FIRSTOAK BANK PUBLIC STATEMENT

We are all beginning the transition to our “new normal.”  As we navigate these uncharted waters, it is our hope that we can come together as a community to ensure the well-being of others. FirstOak Bank is devising a thorough reopening plan focused on keeping our employees and customers as safe as possible by following the regulations set forth by the State of …

CORONAVIRUS PREPAREDNESS STATEMENT

FirstOak Bank is actively monitoring the coronavirus outbreak, and will make every effort to maintain normal work hours during this crisis. However, management recognizes that there are circumstances when this may not be advisable as the safety and welfare of our employees and customers is our first priority. We will maintain close communication with local health officials and other banking …

Tips and Red Flags to watch out for on Social Media

Social Media can be fun for you and your kids. As connected as everyone is these days, it can be a full-time job monitoring your kids social media use. Here are some tips to use when your kids are ready for social media. Tips Educate yourself and your kids about social media get a head start and join any social …

More online banking export options

Exciting news! We have updated our online banking export options for QuickBooks and Quicken. Financial Institution name Customer Service phone number Home page URL Enrollment URL Services supported (additions or subtractions) **If you use Qucken to see the latest changes you will need to do a One-Step Update in the Quicken Windows product to get the latest changes to appear …