The Consumer Financial Protection Bureau (CFPB) recently finalized a rule that will require financial institutions to ask small business owners invasive questions and then publicly report the data they collect to the federal agency. The time is now for small business...
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Buy Now, Pay Now
The surest way to avoid overspending is to use your own money for purchases. Yet, everywhere we turn there are other options: credit cards, personal loans, and the growing number of 'buy now, pay later' options. Experian reports that Americans added more than $1...
Community Banks Remain Stable
Officials from Washington, D.C. announced depositors of Silicon Valley Bank, an institution declared insolvent on Friday, March 10th, will have full access to their money at no burden to taxpayers. What happened to the California-based bank was an old-fashioned “bank...
Junior Board Visits Pulaski Memorial Hospital
The Alliance Bank Jr Board of Directors had the opportunity to tour Pulaski Memorial Hospital in Winamac during the month of February. We spoke with and asked questions to Steve Jarosinski-CEO, Linda Webb-Director of Nursing, and Cheryl Podell- HR Director. After...
Can You Spot a Phishing Scam?
Every day, thousands of people fall victim to fraudulent emails, texts and calls from scammers pretending to be their bank. And in this time of expanded use of online and mobile banking, the problem is only growing worse. In fact, the Federal Trade Commission’s report...
Beware of Bank Impersonators
If you are ever asked for confidential information or suspect you are being tricked, HANG UP! The banking industry has recently noticed an increase in scammers impersonating banks. Please be on high alert for unsolicited phone calls or text messages claiming...
Cathy Drake-Seymour Named Chief Financial Officer
Cathy Drake-Seymour has been named Senior Vice President, Chief Financial Officer for Alliance Bank. She joined the Bank in early 2016 as Accountant and was later promoted to Controller, overseeing financial operations. In this new position, Cathy will direct and...
Protection from Business Email Compromise
Fraudsters don't care how big or small your business is, you are a target. One wrong click in an email and the consequences can be dire. In 2021, the Association of Financial professionals found that three-quarters of organizations were targeted by Business Email...
Junior Board Gives Back
Francesville, Indiana – Alliance Bank Junior Board members culminated their year with a celebration on Sunday, May 1st. The highlight of the afternoon was their donation of $540 to Humanitarian Distribution Center. Alliance Bank provided the money for the donation,...
Teach Children to Save
1 in 4 Americans report they have no emergency fund at all, according to a 2021 survey by Bankrate.com. There are 45 million adults who have student loan debt. We can't rely on our schools to teach our kids all they need to know about money. It is everyone's job to...
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