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. …

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 …

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 …

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 …

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 …

Mavers was selected for the award from nominations from coworkers. The Nation Meyer Innovative Banker Award honors bankers who are working toward the betterment of banking in their community. Mavers is responsible for a wide breadth of duties within FirstOak Bank’s operations while overseeing IT operations for every branch. In her spare time, Mavers also volunteers her time to the …