Beach Community Bank NW Florida
Avoid a vacation property rental scam

10/10/2014

Ready to start booking your next vacation? Maybe you’re thinking about renting a house or condo. These days it’s easy to connect directly with property owners who advertise their vacation homes online, and you’ve probably heard wonderful stories from people who rent vacation properties. We have, too. But we’ve also heard from people who’ve fallen for vacation rental scams.

    Just this year, the FTC received thousands of complaints related to rental scams. Some complaints are from people who wired money to lease a vacation property, and then learned that the person they were dealing with was not the actual owner. Other complaints are from renters who were asked to pay upfront using PayPal, only to find out later that PayPal doesn’t offer the same protections for services and intangible goods — like real estate rentals — as for physical items. In both scenarios, the people wanting to rent a vacation property lost money. Here are some tips to help you avoid this scheme:

  • Wiring money is the same as sending cash. If you wire money to a person you’ve never met, you have no way to trace it or get it back. If a property owner asks you to pay in full upfront and requires payment via MoneyGram, Western Union or Green Dot cards, it could be a scam.

    • Don’t be rushed into a decision. If you receive an email pressuring you to make a decision on the spot for a rental, ignore it and move on.
    • The lower the price for a premium vacation property, the more likely it’s a scam. Rip-off artists love to attract people’s interest by offering below-market rent.
    • Get a copy of the contract before you send any deposit money. Check that the address of the property really exists. If the property is located in a resort, call the front desk and confirm the location of the property and other details on the contract.

    If you responded to an ad for a vacation rental property and believe that you were scammed, report it at ftc.gov/complaint. You also can contact the fraud department of the website where you found the ad. You may not get your money back, but you can help others by getting the ad removed.


New report highlights recommendations to protect consumers from mobile cramming

07/31/2014

Chances are you have a mobile phone – according to a Pew Research Center Internet & American Life Project survey, almost 90 percent of us do. And like most of us, you may not pour over every line on your monthly phone bill to understand what you are really paying for. Too bad, because mobile cramming – adding charges to mobile bills that people didn’t authorize or know about – is an illegal practice – and it has become practically epidemic, according to the FTC.

The consumer protection agency is trying to change that landscape, using enforcement, consumer education, and policy discussions. Today, the FTC issued a report with five key recommendations for industry stakeholders that could protect all of us mobile phone users from mobile cramming. Read it here – but in the meantime, here’s what you can do to protect yourself:

  • Read your phone bill line by line, every month. One way you might detect bogus cramming charges is to get into the habit of taking the time to read your statement online, or the one that comes in the mail.
  • Regardless if you are a new or existing customer, ask your carrier to block third- party charges. The third-party blocking service is often offered free of charge. You just have to speak up.
  • Call you carrier and demand a refund for charges you didn’t know about or authorize. Be persistent when you complain to your carrier about the charges, and know that some carriers have a 60-day period for refund requests. Even if you’ve detected a years’ worth of fraudulent charges, the phone carrier may offer to refund only a part of it.

File a complaint with the FTC and let us know what’s happening. If you suspect you’ve been a victim of mobile cramming, call your mobile carrier first to complain, then fill out our complaint form online, or call 1-877-FTC-HELP.

By Cristina Miranda, Consumer Education Specialist, FTC


Security Information

04/21/2014

Beach Community Bank's Online Banking application has not been affected by the recently discovered Heartbleed flaw in OpenSSL. Beach Community Bank has security protocols in place for all systems, and is committed to protecting your information.

For our customers’ personal internet safety we recommend you maintain separate usernames and passwords across multiple websites and change your passwords regularly to create additional layers of security.

Please contact us at 850-244-9900 with any questions or concerns.


Preventing Elder Financial Abuse

02/24/2012

The FDIC published an informative article on how to spot and prevent elder financial abuse. You can read the article at http://www.fdic.gov/consumers/consumer/news/cnwin1112/elderfraud.html.


More Fraudulent FDIC E-mails

02/24/2012

A consumer alert has been issued by the FDIC after it received numerous reports of fraudulent e-mails that have the appearance of being sent from the agency. The fraudulent e-mails notify recipients of “recent changes in the Federal Deposit Insurance Corporation insurance coverage.”

The FDIC does not issue unsolicited e-mails to consumers or business account holders.


Fraudulent FDIC E-mails

02/24/2012

A consumer alert has been issued by the FDIC after it received numerous reports of fraudulent e-mails that have the appearance of being sent from the agency. The fraudulent e-mails notify recipients of “recent changes in the Federal Deposit Insurance Corporation insurance coverage.” This e-mail and link are fraudulent. Recipients should consider the intent of this e-mail as an attempt to collect personal or confidential information, or to load malicious software onto end users' computers. Recipients should not click on the link provided.

The FDIC does not issue unsolicited e-mails to consumers or business account holders.


E-mail Claiming to Be From the FDIC - December 21, 2011

12/21/2011

The Federal Deposit Insurance Corporation (FDIC) has received numerous reports of fraudulent e-mails that have the appearance of being sent from the FDIC.

While the e-mails exhibit variations in the "From" and "Subject" lines, the messages are similar.

The fraudulent e-mails are said to notify recipients of "recent changes in the Federal Deposit Insurance Corporation insurance coverage." They state, "During the period from December 31, 2010 to December 31, 2012 all the money in a "noninterest-bearing transaction account" are fully insured by the Federal Deposit Insurance Corporation. Please note, that this is a temporary measure besides the Federal Deposit Insurance Corporation's general rules.

The term "noninterest-bearing transaction account" includes a usual checking account or demand deposit account on which no interest is paid by the insured depository institution."

A hyper link is provided (the Web addresses (URL) vary widely) to a Web site that supposedly provides "more details of this temporary FDIC coverage for transaction accounts."

This e-mail and link are fraudulent. Recipients should consider the intent of this e-mail as an attempt to collect personal or confidential information, or to load malicious software onto end users' computers. Recipients should not click on the link provided.

The FDIC does not issue unsolicited e-mails to consumers or business account holders.

-Information courtesy of FDIC.


FDIC Consumer Newsletter Offers Strategies for Building a Better Financial Future

12/07/2011

Consumers have important decisions to make when it comes to managing money and saving for their future, particularly in a tough economy when every dollar counts. To help consumers make choices based on practical information from reliable sources, the Fall 2011 issue of FDIC Consumer News offers simple strategies in three areas: saving for retirement, improving credit scores, and buying vs. renting a home. In addition, the issue offers new tips and information related to Internet banking. Here's an overview:

  • Ways to plan and save for retirement: Consumers and small business owners are fortunate to have a variety of retirement savings options, which are especially important now that traditional pensions and other employer-funded retirement plans have become increasingly rare. The FDIC newsletter discusses basic characteristics of different types of retirement options so that consumers, perhaps in consultation with a financial planner or tax advisor, can make the right choices.
  • Improving credit reports and scores: The information in a credit report may be used to help determine whether or not someone will get a loan and at what price — and perhaps even the cost of insurance or the ability to get a new job or apartment. The FDIC newsletter describes simple steps for improving credit reports and credit scores, including the importance of paying loans and other bills on time.
  • Renting vs. buying a home: With housing prices still low in many areas and a favorable mortgage-rate environment, people who don't own a home may be thinking about buying instead of renting. The newsletter offers points to consider on both sides. For instance, renting offers more "freedom to move" and smaller up-front costs, while buying a home and living there long enough to pay off the mortgage yields a valuable asset to sell or leave to a family member.
  • Connecting to Internet banking: The newsletter describes the new guidelines from the FDIC and other federal regulators, effective January 1, 2012, on how banks should verify that someone logging on to a bank's Web site is the real owner of a particular account. The FDIC also is warning consumers to be on guard against a repeat of previous scams that surfaced the last time the agencies announced new security guidelines in 2005. The newsletter also offers tips for people who haven't tried Internet banking but would consider getting started.

The goal of FDIC Consumer News is to deliver timely, reliable and innovative tips and information about financial matters, free of charge. The Fall 2011 edition can be read or printed at www.fdic.gov/consumers/consumer/news/cnfall11.

-Information courtesy of FDIC.


E-mail Claiming to Be From the FDIC – October 11, 2011

10/12/2011

The Federal Deposit Insurance Corporation (FDIC) has received numerous reports of a fraudulent e-mail that has the appearance of being sent from the FDIC.

The e-mail appears to be sent from a "regulations@fdic.gov" e-mail address and has a subject line that reads: "2011 updated FDIC regulations."

The e-mail starts out by saying "New Regulation approved for the FDI act expected to be implemented untill december 2011." (note: Typographical errors are included). The e-mail attempts to trick recipients into clicking on a link directing recipients to a fraudulent Web site.

This e-mail and link are fraudulent. Recipients should consider the intent of this e-mail as an attempt to collect personal or confidential information, or to load malicious software onto end users' computers. Recipients should not click on the link provided.

The FDIC does not issue unsolicited e-mails to consumers or business account holders.

-Information courtesy of FDIC.


The FDIC Offers Tips on Preparing Financially for a Natural Disaster or a Fire

09/10/2011

Other topics in the latest FDIC Consumer News include personal payments by smartphone or mobile computer, plus solving mysteries of old bank accounts

Hurricane Irene, the earthquake that shook the East Coast and the deadly tornado that hit Joplin, Missouri are recent reminders that disasters rarely give advance warning and can happen anytime. That's why it's important for households to have a plan for protecting important assets and conducting day-to-day financial transactions in the event of an emergency. The Summer 2011 issue of FDIC Consumer News features tips on how to prepare financially for a natural disaster, a fire or another tragedy, especially one that requires people to evacuate their home and not return for days or weeks.

Other timely topics in the latest issue include what to know before signing up for person-to-person, or "P2P," electronic payment services using a smartphone or mobile computer; how to solve mysteries of old bank accounts; and an update on new standards for and disclosures by mortgage loan professionals.

Here are examples of some of the consumer tips in the latest newsletter:

Preparing financially for the unexpected: The FDIC newsletter suggests that consumers:

  • • Anticipate what could go wrong by thinking about the most likely hazards for their community and periodically reviewing their insurance coverage;
  • • Consider services that can help access funds and manage finances away from home, such as direct deposit and banking by computer or smartphone;
  • • Have essential items in one or more emergency evacuation bags or boxes that are waterproof, easy to carry and kept secure; and
  • • Be on guard against fraudulent "charities" or "businesses" scheming to profit from the situation.

Making personal payments by mobile devices: As with any form of payment, understand the costs and potential risks of this increasingly common service from some banks and non-banks. Legal protections for P2P services may differ depending on whether the services are provided by a bank, and the security of the device should always be a concern.

Researching old bank accounts and, perhaps, recovering something valuable: A consumer who finds old account information should first determine whether the bank is open, closed or has merged with another bank. The FDIC's Bank Find database at www2.fdic.gov/idasp/main_bankfind.asp can be used to trace the history of any FDIC-insured institution. Consumers should also beware of people who demand money up-front for help recovering unclaimed property, something that most people can easily do on their own for free.

Finding a mortgage loan originator: As a result of a 2008 law to enhance consumer protections and reduce fraud in the residential mortgage industry, a free, searchable database now provides useful information about all state-licensed and federally registered mortgage loan originators. In the future, the database will be expanded to include information about certain relevant disciplinary or enforcement actions.

The goal of FDIC Consumer News is to deliver timely, reliable and innovative tips and information about financial matters, free of charge. The Summer 2011 edition can be read or printed at www.fdic.gov/consumers/consumer/news/cnsum11.

-Courtesy of the FDIC


Fraudulent "FDIC Notification" E-Mails with Attachment

09/01/2011

The Federal Deposit Insurance Corporation (FDIC) has received numerous reports of fraudulent e-mails that appear to be from the FDIC and contain an infected attachment.

The fraudulent e-mails have addresses such as "no.reply@fdic.gov" or "notify84zma@fdic.gov" on the "From" line. The message appears, with spelling and grammatical errors, as follows:

Subject line: "FDIC notification"
Message body: "Dear customer, Your account ACH and WIRE transaction have been temporarily suspended for security reasons due to the expiration of your security version. To download and install the newest installations read the document(pdf) attached below. As soon as it is setup, you transaction abilities will be fully restored. Best Regards, Online Security departament, Federal Deposit Insurance Corporation."

The e-mails contain an attachment "FDIC_document.zip" that will likely release malicious software if opened. These e-mails and attachments are fraudulent and were not sent by the FDIC. Recipients should consider these e-mails an attempt to collect personal or confidential information, or to load malicious software onto end users' computers. Recipients should NOT open the attachment.

Consumers should be aware that these fraudulent e-mails may be modified over time with other subject lines, sender names, and narratives. The FDIC does not directly contact consumers, nor does the FDIC request bank customers to install software upgrades.

-Reprinted from FDIC


Another Fake FDIC Email Scam

08/31/2011

The FDIC has issued a Consumer Alert regarding another round of fraudulent emails that appear to have been sent by the FDIC to consumers. The fake emails are addressed to “Dear customer” and indicate that the addressees’ ACH and wire account transactions have been suspended for security reasons. The recipients are directed to download what is likely malicious software to correct the problem. To read additional details visit the FDIC website's Consumer Alert page.

-Reprinted from FDIC


FDIC Remains Financially Strong in the Face of U.S. Debt Concerns

08/04/2011

The national debt ceiling is completely unrelated to FDIC insurance coverage. The FDIC, an independent agency fully funded by banking industry premiums, is financially secure and has the resources it needs to protect customer deposits. Eighteen months ago banks paid to the FDIC three years of assessments -- totaling nearly $46 billion -- to assure the agency had the necessary funds to protect insured depositors. It has sufficient cash on hand today to meet its needs for the foreseeable future.

The banking industry remains committed to making sure the FDIC has the resources it needs to protect insured depositors, and this commitment is independent and unrelated to the how the debt ceiling discussions are ultimately resolved. The banking industry’s capital -- $1.53 trillion -- stands behind the FDIC to assure it remains strong.

An FDIC spokesman today confirmed the agency’s strong financial position. “The FDIC’s Deposit Insurance Fund has more than adequate liquidity, currently more than $44 billion, to meet all of our deposit insurance responsibilities,” he said. “The FDIC receives no federal tax dollars -- insured financial institutions fund the DIF.”

-Reprinted from ABA


Fraudulent "ACH and Wire transfers" E-Mails - July 19, 2011

07/19/2011

The Federal Deposit Insurance Corporation (FDIC) has received numerous reports of fraudulent e-mails that have the appearance of being from the FDIC.

The e-mails appear to be sent from various "@fdic.gov" e-mail addresses, such as "protection@fdic.gov," "admin@administration.fdic.gov," or "service@admin.fdic.gov."

They have various subject lines such as "Update for your banking account," "ACH and Wire transfers disabled," and "Banking security update."

The fraudulent messages state: "Dear clients, Your account ACH and Wire transactions have been temporarily suspended for your Security, due to the expiration of your security version. To download and install the newest Updates, follow this link. As soon as it is set up, your transaction abilities will be fully restored. Best regards, Online security department, Federal Deposit Insurance Corporation."

These e-mails and links are fraudulent and were not sent by the FDIC. Recipients should consider these e-mails an attempt to collect personal or confidential information, or to load malicious software onto end users' computers. Recipients should NOT access the link provided within the body of the e-mails and should NOT install any related files or software updates.

Financial institutions and consumers should be aware that these fraudulent e-mails may be modified over time with other subject lines, sender names, and narratives. The FDIC does not directly contact bank customers, nor does the FDIC request bank customers to install software upgrades.

Information about counterfeit items, cyber-fraud incidents, and other fraudulent activity may be forwarded to the FDIC's Cyber-Fraud and Financial Crimes Section, 3501 North Fairfax Drive, CH-11034, Arlington, Virginia 22226, or transmitted electronically to alert@fdic.gov. Questions related to federal deposit insurance or consumer issues should be submitted to the FDIC using an online form that can be accessed at www2.fdic.gov/starsmail/index.asp.

For your reference, FDIC Special Alerts may be accessed from the FDIC's Web site at www.fdic.gov/news/news/SpecialAlert/2011/index.html. To learn how to automatically receive FDIC Special Alerts through e-mail, please visit www.fdic.gov/about/subscriptions/index.html.

-Reposted courtesy of the FDIC


E-mail Claiming to Be From the FDIC - July 14, 2011

07/14/2011

The Federal Deposit Insurance Corporation (FDIC) has received numerous reports of fraudulent emails that have the appearance of being from the FDIC.

The emails appear to be sent from various "@fdic.gov" email addresses, such as "protection@fdic.gov," "admin@administration.fdic.gov," or "service@admin.fdic.gov."

The messages have various subject lines that read: "Update for your banking account" or "ACH and Wire transfers disabled," and "Banking security update."

The fraudulent emails are addressed to "Dear clients" and state "Your account ACH and Wire transactions have been temporarily suspended for your Security, due to the expiration of your security version. To download and install the newest Updates, follow this link. As soon as it is set up, your transaction abilities will be fully restored."

The message concludes with, "Best regards, Online security department, Federal Deposit Insurance Corporation."

These emails and links are fraudulent and were not sent by the FDIC. Recipients should consider the intent of these e-mails as an attempt to collect personal or confidential information, or to load malicious software onto end users' computers. Recipients should NOT access the link provided within the body of the emails and should NOT, under any circumstances, provide any personal financial information through this media.

Financial institutions and consumers should be aware that other subject lines and modifications to the e-mails may occur over time. The FDIC does not directly contact consumers in this manner nor does the FDIC request personal financial information from consumers.

-Reposted courtesy of the FDIC


Fraudulent E-Mails Claiming to Be From the FDIC

06/10/2011

The Federal Deposit Insurance Corporation (FDIC) has received numerous reports of fraudulent e-mails that have the appearance of being from the FDIC.

The e-mails appear to be sent from various "@fdic.gov" e-mail addresses, such as "subscriptions@fdic.gov," "alert@fdic.gov," or "accounts@fdic.gov."

They have subject lines that read: "FDIC: Your business account" or "FDIC: About Your Business Account."

The e-mails are addressed to "Business Customer" or "Business Owner" and state "We have important information about your bank" or "…financial institution." They then ask recipients to "Please click here to find details."

They conclude with, "This includes information on the acquiring bank (if applicable), how your accounts and loans are affected, and how vendors can file claims against the receivership."

These e-mails and the link included are fraudulent and were not sent by the FDIC. Recipients should consider the intent of these e-mails as an attempt to collect personal or confidential information, or to load malicious software onto end users' computers. Recipients should NOT access the link provided within the body of the e-mails and should NOT, under any circumstances, provide any personal financial information through this media.

Financial institutions and consumers should be aware that other subject lines and modifications to the e-mails may occur over time. The FDIC does not directly contact consumers in this manner nor does the FDIC request personal financial information from consumers.

For your reference, FDIC Special Alerts may be accessed from the FDIC's Website at www.fdic.gov/news/news/SpecialAlert/2011/index.html. To learn how to automatically receive FDIC Special Alerts through email, please visit www.fdic.gov/about/subscriptions/index.html.

Questions related to federal deposit insurance or consumer issues should be submitted to the FDIC using an online form that can be accessed at http://www2.fdic.gov/starsmail/index.asp.

-Information courtesy of the FDIC


Digital Child Safety Kits Available May 7

05/05/2011

The Okaloosa County Sheriff’s Office and Beach Community Bank will hold a SafeAssured event Saturday, May 7 from 9 a.m. until noon at the bank’s Fort Walton Beach office at 17 Southeast Eglin Parkway, at the corner of Eglin Parkway and Perry Avenue.

The SafeAssured Digital ID Kits allow parents and guardians to put a child’s identifying information and video on a mini-CD that is maintained by the family. The mini-CD will include a high quality digital photo, digital video showing mannerisms and gait, a full set of digital fingerprints, and a digital voice file, along with general personal information.

Appointments for the event on May 7 are now being accepted for children ages five and up. To schedule an appointment, please contact Jennifer Tallman with Beach Community Bank at (850) 244-9900 ext 255 or jennifert@beachcommunitybank.com.

The Okaloosa County Sheriff's Office is the first law enforcement agency in our region to offer the SafeAssured Digital ID Kits. Having digital information ready for quick dissemination is critical to any effort to find a missing child. Beach Community Bank sponsored the first wave of SafeAssured ID kits with a $10,000 donation. Because of the bank’s sponsorship, the SafeAssured ID kits are prepared at no cost to families receiving the kits.

SafeAssured ID kits are also available to elderly citizens with dementia or Alzheimer’s at separate events. Future events will be announced through the media and published on the Okaloosa County Sheriff’s Office Website, www.sheriff-okaloosa.org under the Crime Prevention section.


E-mail Claiming to Be From the FDIC April 29, 2011

04/29/2011

The Federal Deposit Insurance Corporation (FDIC) has received numerous reports of a fraudulent e-mail that has the appearance of being sent from the FDIC.

The e-mail appears to be sent from "alert@fdic.gov" and includes a subject line that states: "FDIC: Your business account.",

The e-mail is addressed to "Business Owners" and states "We have important information about your bank. Please click here to see information." It then states, "This includes information on the acquiring bank (if applicable), how your accounts and loans are affected, and how vendors can file claims against the receivership."

This e-mail and link are fraudulent. Recipients should consider the intent of this e-mail as an attempt to collect personal or confidential information, or to load malicious software onto end users' computers. Recipients should not click on the link provided.

The FDIC does not issue unsolicited e-mails to consumers or business account holders.

-Reposted courtesy of the FDIC


FDIC Announces "Top 10" List of Online Resources for Consumers

03/08/2011

Consumers of all ages are increasingly turning to the Internet for help with managing their finances, but knowing where to go online for reliable, practical money tips can be challenging. That's why the Federal Deposit Insurance Corporation has compiled a "Top 10" list of FDIC online resources for consumers on subjects ranging from deposit insurance to shopping for a bank account and avoiding financial fraud.

The FDIC's Top 10 list was announced March 7 in observance of National Consumer Protection Week 2011 (NCPW), which is March 6-12. The FDIC home page is www.fdic.gov, but the Top 10 list is featured on a special page for NCPW at www.fdic.gov/consumers/consumer/information/ncpw/index.html.


Basic Strategies for Simplifying Your Financial Life

03/02/2011

There are many reasons to organize and simplify your financial life. Eliminating clutter, saving time and reducing stress are surely among them. And here's another motivating factor: Not keeping tabs on your finances can be costly if it results in fees or interest charges you could have avoided, investment losses, additional taxes or other pitfalls. FDIC Consumer News offers a checklist of nine basic things you can do to get your money matters in order...and keep them that way.

-Reprinted courtesy of the FDIC


E-mail Claiming to Be From the FDIC February 15, 2011

02/16/2011

The Federal Deposit Insurance Corporation (FDIC) has received numerous reports of a fraudulent e-mail that has the appearance of being sent from the FDIC.

The subject line of the e-mail states: "Important information for depositors of Federal Deposit Insurance Corporation." The e-mail informs recipients that ".this message was sent to you as you had indicated this e-mail address as a contact, by opening an account in your bank department."

The e-mail then states, "In order to inform you about the news concerning current business activity of the Company on a timely basis, please, look through the last important changes in current regulations of endowment insurance procedure. Please, refer to more detailed information in the attached document." The e-mail says that it is from "Federal Deposit Insurance Corporation Investor Relations Department."

Attached to the e-mail is Zip file named "FDIC_Document.ZIP"

This e-mail and its attachment are fraudulent. Recipients should consider the intent of this e-mail as an attempt to collect personal or confidential information, or to load malicious software onto end users' computers. Recipients should not open the attachment provided.

The FDIC does not issue unsolicited e-mails to consumers.

-Reprinted courtesy of the FDIC


E-mail Claiming to Be From the FDIC January 12, 2011

01/12/2011

The Federal Deposit Insurance Corporation (FDIC) has received numerous reports of a fraudulent e-mail that has the appearance of being sent from the FDIC.

The subject line of the e-mails state: "Account Insurance from FDIC" or "FDIC Insurance." The e-mail tells recipients that their "account has been denied insurance from the Federal Deposit Insurance Corporation due to suspected violations of the Patriot Act." The e-mail goes on to ask recipients to "verify through our IDVerify below," stating that ".information will be checked against a federal government database for identity verification." The e-mail says that it is from "Donald E. Powell, Chairman Emeritus FDIC; John D. Hawke, Jr., Comptroller of the Currency; and Michael E. Bartell, Chief Information Officer."

This e-mail and associated Web site are fraudulent. Recipients should consider the intent of this e-mail as an attempt to collect personal or confidential information, or to load malicious software onto end users' computers and should not click on the link provided.

The FDIC does not issue unsolicited e-mails to consumers. Financial institutions and consumers should NOT follow the link in the fraudulent e-mail.

-Reprinted courtesy of the FDIC


Suspicious Calls Claiming to Be From the FDIC

09/08/2010

The Federal Deposit Insurance Corporation (FDIC) has received numerous reports of suspicious telephone calls where the caller claims to represent the FDIC and is calling regarding the collection of an outstanding debt.

To date, the callers have alleged that the call recipient is delinquent in payment of a loan that was applied for over the Internet or made through a payday lender. The loan may or may not actually exist. The caller attempts to authenticate the claim by providing sensitive personal information, such as name, Social Security number, and date of birth, supposedly taken from the loan application. The recipient is then strongly urged to make a payment over the phone to "avoid a lawsuit and possible arrest." In some instances, the caller is said to sound aggressive and threatening.

These suspicious telephone calls are fraudulent. Recipients should consider them as an attempt to steal money or collect personal identifying information. The FDIC generally does not initiate unsolicited telephone calls to consumers and is not involved with the collection of debts on behalf of operating lenders and financial institutions.

If a caller demonstrates that he or she has the recipient's sensitive personal information, such as Social Security number, date of birth, and bank account numbers, the recipient may be the victim of identity theft and should review his or her credit reports for signs of possible fraud. The individual should also consider placing a "fraud alert" on his or her credit reports. This can be done by contacting one of the three consumer reporting companies listed below. Only one of the three companies needs to be contacted. That company is required to contact the other two, which will place an alert on their versions of the report.

  • TransUnion: 1-800-680-7289; www.transunion.com; Fraud Victim Assistance Division, P.O. Box 6790, Fullerton, California 92834-6790
  • Equifax: 1-800-525-6285; www.equifax.com; P.O. Box 740241, Atlanta, Georgia 30374-0241
  • Experian: 1-888-EXPERIAN (397-3742); www.experian.com; P.O. Box 9554, Allen, Texas 75013

Information about counterfeit items, cyber-fraud incidents and other fraudulent activity may be forwarded to the FDIC's Cyber-Fraud and Financial Crimes Section, 550 17th Street, N.W., Room F-3054, Washington, D.C. 20429, or transmitted electronically to alert@fdic.gov. Questions related to federal deposit insurance or consumer issues should be submitted to the FDIC using an online form that can be accessed at http://www2.fdic.gov/starsmail/index.asp

- Release reprinted from the FDIC.


Basic FDIC Insurance Coverage Permanently Increased to $250,000 Per Depositor

07/21/2010

On July 21, 2010, President Barack Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act, which, in part, permanently raises the current standard maximum deposit insurance amount to $250,000. The standard maximum insurance amount of $100,000 had been temporarily raised to $250,000 until December 31, 2013. The FDIC insurance coverage limit applies per depositor, per insured depository institution for each account ownership category.

The temporary increase from $100,000 to $250,000 was effective from October 3, 2008, through December 31, 2010. On May 20, 2009, the temporary increase was extended through December 31, 2013.

"With this permanent increase of deposit insurance coverage to $250,000, depositors with CDs above $100,000 but below $250,000 will no longer have to worry about losing coverage on those CDs maturing beyond 2013. We strongly encourage all bank depositors who have questions about their insurance coverage to go to our Web site at www.fdic.gov and use our Electronic Deposit Insurance Estimator (EDIE) or call our toll-free number at 1-877-ASK-FDIC. Insured deposits provide the comfort and peace of mind to depositors that their money is 100 percent safe – provided they keep their deposit balances within the insurance limits," said FDIC Chairman Sheila C. Bair.

To help consumers, bankers and others understand how the new law affects deposit insurance coverage and to help consumers verify whether their deposit accounts are fully protected, the FDIC provides the following resources:

  • Information on deposit insurance on the FDIC Web site: Updated brochures on deposit insurance coverage (including the basic guide, Deposit Insurance Summary, and the more comprehensive guide, Your Insured Deposits) and a new version of the "Electronic Deposit Insurance Estimator" (EDIE), an interactive service that allows consumers to quickly and easily check whether their accounts are fully protected, are now available on the FDIC's Web site (www.fdic.gov ).
  • A toll-free consumer assistance line: Help and information about deposit insurance and other matters of interest to bank customers are available at 1-877-ASK-FDIC (1-877-275-3342) Monday through Friday from 8:00 a.m. to 8:00 p.m., Eastern Time. For the hearing-impaired, the number is 1-800-925-4618.

- Press release reprinted from the FDIC.


FDIC Consumer Tip of the Week

07/05/2010

Have you recently deposited a large sum in your bank account from a home sale, inheritance or an IRA rollover? Make sure your deposit is fully insured. Visit the FDIC website for information on how to check your FDIC insurance.


FDIC Consumer Tip of the Week

06/28/2010

You may know you are entitled to a free credit report every year from each of the three nationwide credit bureaus. But do you know there may be advantages to spreading out those requests? Visit the FDIC website for information.


FDIC Consumer Tip of the Week

06/14/2010

Have you or someone you know gotten an offer involving a large check to be deposited into your account and instructions to wire any of that money back, perhaps to someone in another country? If you follow the instructions and wire money out of your account, you may end up owing thousands of dollars to your financial institution. Read this FDIC article for more information.


FDIC Consumer Tip of the Week

06/07/2010

If you use your debit card, keep in mind that merchants place a hold or "block" on funds for the transaction as protection against fraud, errors or other losses. If the final purchase price is unknown (for example, when you make a hotel reservation), the hold will likely be for more than you actually spend. The hold will be removed when the final transaction is processed, but until then, you won't have access to that amount in your account. Read this FDIC article for more information.


FDIC Consumer Tip of the Week

04/28/2010

You want your documents to be safe, but you probably should not keep your passport, "powers of attorney" or other items you may need immediate access to in your safe deposit box. Learn more at www.fdic.gov .


Digital Safety Kits Available May 8

04/18/2010

The Okaloosa County Sheriff’s Office and Beach Community Bank will hold a SafeAssured event Saturday, May 8 from 9 a.m. until noon at the bank’s main office located at 17 SE Eglin Parkway in Fort Walton Beach, located at the intersection of Eglin Parkway and Perry Ave.

The SafeAssured Digital ID Kits allow parents and guardians to put a child’s identifying information and video on a mini-CD that is maintained by the family. The mini-CD will include a high quality digital photo, digital video showing mannerisms and gait, a full set of digital fingerprints, and a digital voice file, along with general personal information.

Appointments for the event on May 8 are now being accepted for children ages five and up. To schedule an appointment, please contact Jennifer Tallman with Beach Community Bank at (850) 244-9900 ext 255 or jennifert@beachcommunitybank.com.

The Okaloosa County Sheriff's Office is the first law enforcement agency in our region to offer the SafeAssured Digital ID Kits. Having digital information ready for quick dissemination is critical to any effort to find a missing child. Beach Community Bank sponsored the first wave of SafeAssured ID kits with a $10,000 donation. Because of the bank’s sponsorship, the SafeAssured ID kits are prepared at no cost to families receiving the kits.

SafeAssured ID kits are also available to elderly citizens with dementia or Alzheimer’s at separate events. Future events will be announced through the media and published on the Okaloosa County Sheriff’s Office Website, http://www.sheriff-okaloosa.org/ under the Crime Prevention section.


FDIC Consumer Tip of the Week

04/01/2010

Take steps to get your tax refund faster and where you want it by having it deposited directly. You have the flexibility to deposit your refund in up to three different accounts at three different U.S. financial institutions. Also, you can now buy a U.S. Savings Bond on your tax return, without having to open an account at the U.S. Treasury Department or take other action. Learn more from the FDIC and IRS.


Review Your Credit Report for Free

04/01/2010

To fight identity theft, you should monitor your credit report several times a year. You may request up to three reports annually at no charge online, by phone or through the mail. The only authorized source for your free credit report is www.annualcreditreport.com. Learn more from the Federal Trade Commission at http://www.ftc.gov/freereports.


FDIC Consumer Tip of the Week

03/25/2010

You can protect yourself against a variety of financial frauds and scams by being extremely skeptical of unsolicited offers that involve "updating" or "confirming" personal information or requirements that you send a payment or provide bank account information before receiving anything in return. Learn more at www.fdic.gov.


FDIC Consumer News 

03/15/2010

 

Those blank "convenience checks" from your credit card company offer a quick way to write yourself a loan, pay bills or transfer other loans to your credit card account, but they often come with high costs and other potential pitfalls. Learn more at www.fdic.gov.


FDIC Consumer News 

03/10/2010

 

At any age or stage in life, it’s important to stay informed about ways to save and protect your money. The FDIC, in observance of National Consumer Protection Week (NCPW) March 7-13 and its theme of helping people of all ages exercise their consumer rights, will begin to regularly deliver timely tips on money management. We will post these consumer tips on our website.Today’s tip is below.

 

If you (or your family) have $250,000 or less in all of your deposit accounts at the same FDIC-insured bank, rest assured that those deposits are fully protected because the standard maximum deposit insurance amount under federal law is currently $250,000. You may qualify for more than $250,000 in insurance coverage if you have accounts in different ownership categories. To learn more you may sign into the FDIC website: www.fdic.gov.


ATM Fraud: Consumer Tips

02/26/2010

ATM Attacks are among the most prevalent forms of fraud striking banking institutions and their customers. And while institutions are ever more vigilant at defending against these increasingly sophisticated crimes, the best defense might still be the simplest: Customer education.Here are some tips to help reduce ATM skimming incidents - Fighting Back Through Education:

  1. Be wary of anything about the ATM machine that looks out of the ordinary, such as odd-looking equipment or wires attached to the device.
  2. Look for a "no tampering" sign. Crooks often place these to stop anyone curious about a new piece of equipment.
  3. Steer clear of a jammed ATM machine that forces customers to use another ATM that has a skimmer attached. Often, the criminal will disable other ATMs in the area to draw users to the one that has the skimming device on it.
  4. Customers should check their bank accounts regularly to make sure there are no unusual or unauthorized transactions. Federal law limits loss from ATM fraud, and many banks offer additional protection. Consumers should check with their financial institution for details.
  5. If you see anything unusual or suspicious around an ATM, or if you find unauthorized ATM transactions on your bank account, immediately notify local law enforcement, as well as your financial institution and/or the establishment where the ATM is located.
  6. Always protect your PIN: Don't give the number to anyone, and cover the keypad while you are entering your PIN.

Fraudulent E-Mails Claiming to Be From the FDIC

10/27/2009

The Federal Deposit Insurance Corporation (FDIC) has become aware of e-mails appearing to be sent from the FDIC that are asking recipients to download and open a “personal FDIC insurance file" to check their deposit insurance coverage. These e-mails are fraudulent and were not sent by the FDIC. The FDIC is attempting to identify the source of the e-mails and disrupt the transmission.

Currently, the subject line of the fraudulent e-mails includes the wording “check your Bank Deposit Insurance Coverage." The e-mails state: “You have received this message because you are a holder of a FDIC-insured bank account. Recently FDIC has officially named the bank you have opened your account with as a failed bank, thus, taking control of its assets."

The e-mails ask recipients to “visit the official FDIC website" by clicking on a hyperlink provided, which appears to be related to the FDIC and directs recipients to a fraudulent Web site. The Web site includes hyperlinks that appear to open forms. However, it is believed that clicking on the hyperlinks will cause an unknown executable file to be downloaded. While the FDIC is working with the United States Computer Emergency Readiness Team (US-CERT) to determine the exact effects of the executable file, recipients should consider the intent of the software as a malicious attempt to collect personal or confidential information, some of which may be used to gain unauthorized access to online banking services or to conduct identity theft. Financial institutions and consumers should NOT access the Web site or download the executable files provided on the Web site.

Information about counterfeit items, cyber-fraud incidents and other fraudulent activity may be forwarded to the FDIC’s Cyber-Fraud and Financial Crimes Section, 550 17th Street, N.W., Room F-3054, Washington, D.C. 20429, or transmitted electronically to alert@fdic.gov. Information related to federal deposit insurance or consumer issues should be submitted to the FDIC using an online form that can be accessed at www2.fdic.gov/starsmail/index.asp. For your reference, FDIC Special Alerts may be accessed from the FDIC’s website at www.fdic.gov/news/news/SpecialAlert/2009/index.html. To learn how to automatically receive FDIC Special Alerts through e-mail, please visit www.fdic.gov/about/subscriptions/index.htmlwww.fdic.gov/about/subscriptions/index.html.

-Press release reprinted from the FDIC

Digital Child Safety Kits Available October 26

10/06/2009

Safe Assured
The Okaloosa County Sheriff’s Office and Beach Community Bank will hold a SafeAssured event Monday, October 26 from 8 a.m. until 4 p.m. at the Sheriff’s Office administration building, located in Shalimar.

The SafeAssured Digital ID Kits allow parents and guardians to put a child’s identifying information and video on a mini-CD that is maintained by the family. The mini-CD will include a high quality digital photo, digital video showing mannerisms and gait, a full set of digital fingerprints, and a digital voice file, along with general personal information.

Appointments for the event on October 26 are now being accepted for children ages five and up. To schedule an appointment, please contact Jennifer Tallman with Beach Community Bank at (850) 244-9900 ext 255 or jennifert@beachcommunitybank.com

The Okaloosa County Sheriff's Office is the first law enforcement agency in our region to offer the SafeAssured Digital ID Kits. Having digital information ready for quick dissemination is critical to any effort to find a missing child. Beach Community Bank sponsored the first wave of SafeAssured ID kits with a $10,000 donation. Because of the bank’s sponsorship, the SafeAssured ID kits are prepared at no cost to families receiving the kits.

Future events will be announced through the media and published on the Okaloosa County Sheriff’s Office Website, www.sheriff-okaloosa.org under the Crime Prevention section.

Digital Safety ID Kits Available August 22

08/17/2009

Safe Assured
The Okaloosa County Sheriff’s Office and Beach Community Bank will hold a SafeAssured event Saturday, August 22 from 9 a.m. until noon at the bank’s main office located at 17 SE Eglin Parkway in Fort Walton Beach, which is at the intersection of Eglin Parkway and Perry Ave.

The SafeAssured Digital ID Kits allow parents and guardians to put a child’s identifying information and video on a mini-CD that is maintained by the family. The mini-CD will include a high quality digital photo, digital video showing mannerisms and gait, a full set of digital fingerprints, and a digital voice file, along with general personal information.

Appointments for the event on August 22 are now being accepted for children ages five and up. To schedule an appointment, please contact Jennifer Tallman with Beach Community Bank at (850) 244-9900 ext 255 or jennifert@beachcommunitybank.com

The Okaloosa County Sheriff's Office is the first law enforcement agency in our region to offer the SafeAssured Digital ID Kits. Having digital information ready for quick dissemination is critical to any effort to find a missing child. Beach Community Bank sponsored the first wave of SafeAssured ID kits with a $10,000 donation. Because of the bank’s sponsorship, the SafeAssured ID kits are prepared at no cost to families receiving the kits.

Future events will be announced through the media and published on the Okaloosa County Sheriff’s Office Website, www.sheriff-okaloosa.org under the Crime Prevention section.

FDIC $250,000 Coverage Extended

05/21/2009

Effective May 20, 2009, FDIC deposit insurance coverage is temporarily increased from $100,000 to $250,000 per depositor through December 31, 2013.

If you have questions about FDIC insurance, please contact your Beach Community Bank representative.

Credit Card Interest Rate Reduction Telephone Scam

05/19/2009

The Federal Deposit Insurance Corporation (FDIC) is receiving reports of a new telephone scam from a company that refers to itself as "CreditCard Services." The company claims to be affiliated with the FDIC and offers to lower credit card interest rates.

To verify qualification of the lower interest rate, the caller asks for personal or confidential information. This scam is a variation of a telephone scam in which identity thieves try to persuade consumers to provide information such as, credit card numbers, bank account numbers, social security numbers, and PIN numbers, in the attempt to access accounts or to commit identity theft.

The Federal Trade Commission encourages consumers to report telemarketing fraud at FTC.gov or by calling 1-877-FTC-HELP. See the following link to the FTC's Web site for more information: http://www.ftc.gov/phonefraud.

Information about fraudulent activity involving the FDIC should also be transmitted electronically to the FDIC's Cyber-Fraud and Financial Crimes Section by e-mailing it to alert@fdic.gov

-Press release reprinted from FDIC

DIGITAL CHILD SAFETY KITS AVAILABLE MAY 9

04/29/2009

The Okaloosa County Sheriff’s Office and Beach Community Bank will hold a SafeAssured event Saturday, May 9 from 9 a.m. until noon at the bank’s Crestview office at 5131 S Ferdon Boulevard, located at the intersection of Highway 85 and P.J. Adams Parkway.

The SafeAssured Digital ID Kits allow parents and guardians to put a child’s identifying information and video on a mini-CD that is maintained by the family. The mini-CD will include a high quality digital photo, digital video showing mannerisms and gait, a full set of digital fingerprints, and a digital voice file, along with general personal information.

Appointments for the event on May 9 are now being accepted for children ages five and up. To schedule an appointment, please contact Jennifer Tallman with Beach Community Bank at (850) 244-9900 ext 255 or jennifert@beachcommunitybank.com

The Okaloosa County Sheriff's Office is the first law enforcement agency in our region to offer the SafeAssured Digital ID Kits. Having digital information ready for quick dissemination is critical to any effort to find a missing child. Beach Community Bank sponsored the first wave of SafeAssured ID kits with a $10,000 donation. Because of the bank’s sponsorship, the SafeAssured ID kits are prepared at no cost to families receiving the kits.

Future events will be announced through the media and published on the Okaloosa County Sheriff’s Office Website, www.sheriff-okaloosa.org under the Crime Prevention section.

Benefit Accounts for Families of Fallen Deputies

04/27/2009

Benefit accounts have been set up for the families of Deputy Sheriff Burt Lopez and Deputy Sheriff Warren “Skip" York through the Okaloosa Law Enforcement Benevolent Association at Beach Community Bank. Donations can be made at any of Beach Community Bank’s 14 locations in Okaloosa, Walton, Santa Rosa or Escambia counties. Donations can be made to any of the following accounts:
  • Fund strictly for Deputy Lopez's family.
  • Fund strictly for Deputy York's family.
  • A combined fund to be equally distributed to Deputy Lopez's family and Deputy York's family.
  • General donations to the Okaloosa Law Enforcement Benevolent Association.

E-mail Claiming to Be From the FDIC March 25, 2009

03/30/2009

The Federal Deposit Insurance Corporation (FDIC) has received numerous reports of a fraudulent e-mail that has the appearance of being sent from the FDIC.

The subject line of the e-mail states: "Inquiry about your bank account." The e-mail tells recipients that, "due to many fraud and money laundering attempts made by non-US residents the past 2 months using fake information to open US bank accounts, and using them for illegal purposes, we require all FDIC member's banks customers to update some information on their bank accounts as soon as possible in order to confirm their identities."

The e-mail then asks recipients to follow a hyperlink and then to click on their bank’s logo. It then informs recipients that they will be redirected to their bank’s Web site "through a specialized link" and that, once logged in, they will need to "fill some information."

This e-mail is fraudulent. Recipients should consider the intent of this e-mail as an attempt to collect personal or confidential information, some of which may be used to gain unauthorized access to on-line banking services or to conduct identity theft.

The FDIC does not issue unsolicited e-mails to consumers. Financial institutions and consumers should NOT follow the link in the fraudulent e-mail.

- Press release reprinted from FDIC


Only Reliable Bank Ratings Source is FDIC
“Texas ratio" not an accurate measure

03/19/2009

TALLAHASSEE—The Federal Deposit Insurance Corporation (FDIC) is the most meaningful evaluator of a bank’s safety and soundness because of its ability to gain thorough and complete information from the institution. According to the Florida Bankers Association (FBA), lists from non-regulatory bodies—using formulas that only evaluate certain aspects of a bank’s condition, such as the Texas ratio—can’t fully assess the true safety and soundness of an organization.

“The FDIC has intimate knowledge of a bank’s operations and knows what proactive steps or corrective actions bankers may be taking to ensure stability," said FBA President and CEO Alex Sanchez. “These ratings by for-profit companies are based on simplistic formulas by people who are not inside the bank and may have their own agendas."

According to Sanchez, properly calculating a bank’s position requires information that non-regulatory bodies cannot access.

“These formulas are very sophisticated and require significant amounts of data that are not available to common observers," he said. “Furthermore, when guesstimates or inaccurate calculations are distributed to the public, panic can ensue. It’s as irresponsible as screaming ‘fire’ in a crowded theater."

Panic is one of the reasons the FDIC’s official watch list of potentially troubled banks is (and always has been) confidential. Most of the banks are only on the list temporarily and are able to strengthen then be removed. In fact, on average 90 percent of banks with problems on the FDIC watch list do not fail; they are able to bounce back and regain healthy status over time. However, if the institution’s name were released to the public, it could cause a run on the bank which would virtually eliminate the possibility of recovery.

To develop a context for today’s economic climate, the FBA points to a comparison with the savings and loan crisis from nearly two decades ago. At the height of the S&L crisis in 1990, there were 1,496 banks on the FDIC’s watch list; presently, there are approximately 250 banks on the FDIC list out of 8,500 banks nationwide.

“Even if a bank does fail, the public should understand that deposits are safe if they’re in FDIC insured bank accounts. Everyone with an FDIC insured bank account should be able to sleep like a baby each night knowing that not one penny has ever been lost," said Sanchez. “The FDIC insures savings up to $250,000 or even more depending upon how the accounts are structured. These non-FDIC ratings systems create confusion and unnecessary panic for people whose money is safe and secure."

- Press Release reprinted from Florida Bankers Association


Digital Safety ID Kits Available March 21

03/11/2009

The Okaloosa County Sheriff’s Office and Beach Community Bank will hold a SafeAssured event Saturday, March 21 from 9 a.m. until noon at the bank’s Mary Esther office at 412 Mary Esther Cutoff, at the corner of Mary Esther Cutoff and Wright Parkway.

The SafeAssured Digital ID Kits allow parents and guardians to put a child’s identifying information and video on a mini-CD that is maintained by the family. The mini-CD will include a high quality digital photo, digital video showing mannerisms and gait, a full set of digital fingerprints, and a digital voice file, along with general personal information.

Appointments for the event on March 21 are now being accepted for children ages five and up. To schedule an appointment, please contact Jennifer Tallman with Beach Community Bank at (850) 244-9900 ext 255 or jennifert@beachcommunitybank.com

The Okaloosa County Sheriff's Office is the first law enforcement agency in our region to offer the SafeAssured Digital ID Kits. Having digital information ready for quick dissemination is critical to any effort to find a missing child. Beach Community Bank sponsored the first wave of SafeAssured ID kits with a $10,000 donation. Because of the bank’s sponsorship, the SafeAssured ID kits are prepared at no cost to families receiving the kits.

Future events will be announced through the media and published on the OCSO Website, www.sheriff-okaloosa.org under the Crime Prevention section.

Beach Community Bank Opens 14th Branch in Crestview

02/18/2009

Crestview Office
Crestview, FL, February 18th, 2008 – Beach Community Bank opened its newest branch in Crestview on February 17th. This will be the bank’s 14th branch in Northwest Florida. The drive- thru will be open Monday through Friday from 8:30 a.m. – 5 p.m. ,and the lobby will be open from 9:00 a.m. – 5:00 p.m. Drive-thru service will be available Saturdays from 9 a.m. to noon.

A grand opening will be held on Thursday, March 12th from 3:00 to 5:00 p.m., and the ribbon cutting will take place at 4:00 p.m. Please RSVP by March 5th to Jennifer Tallman at 244-9900 or jennifert@beachcommunitybank.com.

Founded in 2001 and headquartered in Fort Walton Beach, Beach Community Bank has experienced tremendous success in Northwest Florida. Branches are also located in Pensacola, Gulf Breeze, Navarre, Mary Esther, Destin, Niceville and South Walton County.


Dr. Joe L. Story

12/11/2008

Dr. Joe L. Story
Beach Community Bank is pleased to announce the addition of Dr. Joe L. Story to their corporate board of directors. Dr. Story is President of Andrews Research and Education Institute and Chairman of the Andrews Surgery Center. He was involved in developing and building the Dr. James Andrews Orthopedic and Sports medicine Institute in Pensacola, Florida. Dr. Story is also involved in the creation and development of the Human Performance Center of Excellence for Northwest Florida which will include the Andrews Institute, the Florida Institute for Human and Machine Cognition (FIHMC), the University of West Florida, The University of Central Florida, and the University of Florida. He currently has developed incubator companies associated with the Andrews Research and Education Institute, Actigraph and MiMedX as well as the Executive Physical Program for Baptist Health Care, Florida Healthspan (an age management company), and Odyssey (program for space flight and research).

Upon his graduation from medical school, Dr. Story completed his residency at the University of Alabama (UAB) program. He’s been in medical practice for more than 20 years and is licensed to practice in Florida and Alabama. He is board certified in family medicine, a member of the American Medical Association, fellow of the American Academy of Family Practice Physicians.


Digital Safety ID Kits Available November 15

11/06/2008

The Okaloosa County Sheriff’s Office and Beach Community Bank will hold a SafeAssured event Saturday, November 15 from 9 a.m. until noon, at the bank’s Destin East office at 90 Trista Terrace Court, off Highway 98 near the Walton County line.

The SafeAssured Digital ID Kits allow parents and guardians to put a child’s identifying information and video on a mini-CD that is maintained by the family. The mini-CD will include a high quality digital photo, digital video showing mannerisms and gait, a full set of digital fingerprints, and a digital voice file, along with general personal information.

Appointments for the event on November 15 are now being accepted for children ages five and up. To schedule an appointment please contact Jennifer Tallman with Beach Community Bank at (850) 244-9900 ext 255.

The Okaloosa County Sheriff's Office is the first law enforcement agency in our region to offer the SafeAssured Digital ID Kits. The Sheriff’s Office says having digital information ready for quick dissemination is critical to any effort to find a missing child. Beach Community Bank sponsored the first wave of SafeAssured ID kits with a $10,000 donation.

Future events will be announced through the media and published on the OCSO Website, www.sheriff-okaloosa.org under the Crime Prevention section.

Beach Community Bank Receives “Business of Excellence" Award

10/21/2008

Business of Excellence
On October 14th the City of Fort Walton Beach awarded Beach Community Bank with their “Business of Excellence Award." The award recognizes businesses that provide support to the community and the City of Fort Walton Beach.

Beach Community Bank’s involvement in the community is diverse. Organizations the Bank supports include the Fisher House of the Emerald Coast, Habitat for Humanity, American Cancer Society, American Heart Association, Emerald Coast Foundation, American Diabetes Foundation, The Ronald McDonald House and United Way. The Bank also supports the City of Fort Beach through sports programs, the Police Department’s K-9 Fundraiser and various other events.

Tony Hughes, President and CEO, said “We are fortunate to work in this wonderful community, and we are blessed to have dedicated staff who believe in community involvement and support. From the moment we opened our doors in 2001 the community has embraced us. In that time we have grown to 13 branches across four counties. We feel it’s our civic responsibility to give back to a community that has shown us so much support over the years."

Fraudulent E-mails Claim to Be From the FDIC

10/10/2008

The FDIC is aware of e-mails appearing to be sent from the FDIC that ask recipients to open and review an attached file. Currently, the subject line of the e-mail states: "Funds wired into your account are stolen." The e-mail is fraudulent and was not sent by the FDIC.

The fraudulent e-mail tells the recipient that proceeds from identity theft crimes have been wire-transferred into their bank account. The e-mail then directs the recipient to open and review an attached copy of their bank account statement and to contact their bank account managers.

The FDIC is aware of e-mails appearing to be sent from the FDIC that ask recipients to open and review an attached file. Currently, the subject line of the e-mail states: "Funds wired into your account are stolen." The e-mail is fraudulent and was not sent by the FDIC.

Recipients of the fraudulent e-mail should not reply and should not attempt to open the attached file. According to reports received by the FDIC, many antivirus software programs have been detecting and removing the malicious attachment before the e-mail is delivered. However, if a recipient does open the attachment, the FDIC recommends updating anti-virus software patches and performing a complete scan of the computer and network, if applicable. If a computer becomes infected and the user encounters difficulties removing the malicious code, users should contact their anti-virus software vendor. The FDIC highly recommends using anti-virus software.

For additional information about safe online banking and avoiding online scams, visit www.fdic.gov/consumers/consumer/guard/.

For your reference, FDIC Special Alerts may be accessed from the FDIC's Web site at www.fdic.gov/news/news/SpecialAlert/2008/index.html. To learn how to automatically receive FDIC Special Alerts through e-mail, please visit www.fdic.gov/about/subscriptions/index.html.

-Press release reprinted from www.fdic.gov

Changes to FDIC Deposit Insurance Coverage

10/06/2008

The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the United States government that protects against the loss of insured deposits if an FDIC-insured bank or savings association fails. FDIC deposit insurance is backed by the full faith and credit of the United States government. Since the FDIC was established, no depositor has ever lost a single penny of FDIC-insured funds.

FDIC insurance covers funds in deposit accounts, including checking and savings accounts, money market deposit accounts and certificates of deposit (CDs). FDIC insurance does not, however, cover other financial products and services that insured banks may offer, such as stocks, bonds, mutual fund shares, life insurance policies, annuities or municipal securities.

There is no need for depositors to apply for FDIC insurance or even to request it. Coverage is automatic.

To ensure funds are fully protected, depositors should understand their deposit insurance coverage limits. The FDIC provides separate insurance coverage for deposits held in different ownership categories such as single accounts, joint accounts, Individual Retirement Accounts (IRAs) and trust accounts.

Basic FDIC Deposit Insurance Coverage Limits*
Single Accounts (owned by one person) $250,000 per owner**
Joint Accounts (two or more persons) $250,000 per co-owner**
IRAs and certain other retirement accounts $250,000 per owner
Trust Accounts $250,000 per owner per beneficiary subject to specific limitations and requirements**
* These deposit insurance coverage limits refer to the total of all deposits that an accountholder (or accountholders) has at each FDIC-insured bank. The listing above shows only the most common ownership categories that apply to individual and family deposits, and assumes that all FDIC requirements are met.

** The legislation authorizing the increase in deposit insurance coverage limits makes the change effective October 3, 2008, through December 31, 2009.

If you have questions about FDIC coverage limits and requirements, please visit www.myFDICinsurance.gov, call toll-free 1-877-ASK-FDIC, or ask a representative at your bank.

-Press release reprinted from www.fdic.gov

Information On Private Bank Rating Organizations

10/03/2008

On Wednesday, October 1, 2008 WEAR-TV ran a story regarding ratings that private organizations assign to commercial banks. Although the ratings are provided to the public for free, these private organizations seek to either sell you additional information about their ratings or sell other products or services they offer on their website. They also want to draw more internet traffic to their website, generating more ad revenue from their advertisers. Frankly, the more sensational the ratings on their website, the more ‘hits’ they get and the more money they potentially make.

We want to emphasize that the data these organizations utilize is already available free of charge to the public at the FDIC’s website www.fdic.gov. These organizations have no unique or inside information about our bank or any bank beyond what is freely and publicly available on the FDIC’s website. They do not consult with the FDIC or any other federal or state banking regulator. The ratings assigned to each bank by its regulator are, by law, confidential and are not released to the general public.

Referring to the ratings put out by the private organizations, Linda Charity, Director of the Division of Financial Institutions in the Office of Financial Regulation with the State of Florida, was quoted in the WEAR-TV news story saying "This is not the picture of a financial institution's health and safety and soundness. There are other factors, other critical factors, that go into the assessment." She went on to say that regulators examine banks thoroughly every year.

Beach Community Bank meets and exceeds all “well-capitalized" definitions used by the federal and state regulatory agencies. We are a member of the FDIC and all deposits are insured up to $250,000 per depositor.

Working to Keep Your Children Safe

08/21/2008

When a child goes missing, minutes matter. Okaloosa residents now have a new method available to help ensure vital information can be placed quickly into the hands of law enforcement and media outlets.

The Okaloosa County Sheriff’s Office announced today that the Sheriff’s Office, in partnership with Beach Community Bank, will be the first in our region to offer the SafeAssured Digital ID Kits. The kits allow parents and guardians to put a child’s identifying information and video on a mini-CD that is maintained by the family. The mini-CD will include a high quality digital photo, digital video showing mannerisms and gait, a full set of digital fingerprints, and a digital voice file, along with general personal information.

The Sheriff’s Office says having that kind of information ready for quick dissemination is critical to any effort to find a missing child and return him or her to their family safely. Beach Community Bank is sponsoring the first wave of SafeAssured ID kits for Okaloosa youngsters with a $10,000 donation.

The Okaloosa County Sheriff’s Office and Beach Community Bank will hold the event Saturday, September 6th, with appointments from 9 a.m. until noon, at the bank’s main office, 17 Southeast Eglin Parkway in Fort Walton Beach. Please call 850.244.9900 ext 255 or e-mail jennifert@beachcommunitybank.com to schedule your appointment. Future events will be announced through the media and published on the OCSO Website, www.sheriff-okaloosa.org under the Crime Prevention section.

A Visit to the Beach Could Boost Your Budget

07/17/2008

No, we don’t mean the sun and the surf, but a visit to Beach Community Bank’s newest addition, a branch in Navarre just west of Wal-Mart®. Just stop the branch and register to win a $1,000 Wal-Mart® gift card.

It is a part of the Grand Opening celebration of Navarre, the bank’s thirteenth branch across Northwest Florida. So register today, meet our bankers and experience our relaxed, friendly way of doing business.

Giveaway Details:
  • One $1,000 Wal-Mart® gift card will be awarded.
  • No purchase necessary.
  • One entry per person.
  • The drawing will be held July 31 at 5 p.m. Need not be present to win. The winner will be notified by the phone number given on the entry card. The card will be awarded within seven days of the winner being notified.
  • Only open to legal residents of the 50 United States and the District of Columbia, age 18 years or older prior to July 31, 2008. Beach Community Bank employees and their immediate families are not eligi
  • Winner is responsible for the reporting and payment of all applicable federal, state and local taxes on prize.

Sporting Clay Shoot

06/24/2008

The Third Annual Clay Shoot Competition will be held Saturday, September 27, at Shoal River Sport Clays in Crestview. The shoot is limited to 72 shooters. The entry fee per shooter is $60 and includes orientation and safety guidelines, 100 rounds of shells and clays, on-course refreshments and lunch, as well as door prizes.

Registration begins at 7:00 a.m., orientation and instruction begins at 8:15 a.m., and the shoot begins at 8:30 a.m. The registration deadline is September 22. All proceeds benefit the OWC Raiders Housing Fund.

Click here for a registration form. For more information call 850.729.5357 or e-mail Chitwood@owc.edu.


Henderson Named Chair

04/29/2008

Joseph W. “Jody

Beach Community Bancshares, Inc. has named Joseph W. “Jody" Henderson Chairman of the Board of Directors. Beach Community Bancshares, Inc. is the parent company of Beach Community Bank. Henderson has been on the Board of Directors since the bank was founded in 2001. President and Chief Executive Officer Tony Hughes said, "I am very excited that Jody has been elected Chairman of the Board. Having previously served on the Bank's Directors Loan Committee, Audit Committee and Information Technology Committee, I am very happy that Jody has taken on this added responsibility and look forward to working with him."

Henderson is a partner at O'Sullivan Creel, LLP accounting firm, joining the firm in 1986 after graduating from the University of West Florida. Jody’s professional and civic affiliations include the American Institute of Certified Public Accountants, the Greater Fort Walton Beach Chamber of Commerce, Trustee for Okaloosa Walton College and Past President of the Fort Walton Beach Rotary Club.

Headquartered in Fort Walton, Beach Community Bank has experienced tremendous growth within the local community, with 13 offices located across Northwest Florida. The bank has offices in Pensacola, Gulf Breeze, Navarre, Mary Esther, Destin, Niceville and South Walton County, with a new office under construction in Crestview. The Bank has over $661 million in total assets and over $528 million in total deposits.


Home  |  Branches  |  Personal Banking  |  Business Banking  |  Current Interest Rates  |  Mortgages  |  Calculators
  About Our Bank  | In the News  |  Community Involvement  |  Career Opportunities  |  Contact Us 

Website copyright © 2010 Beach Community Bank.
Privacy Policy   |   Investor Relations

FaceBook Twitter