Stimulus Checks and Fraud

January 4, 2021

As Americans anticipate a second stimulus check, institutions have time to prepare for the inevitable.  With this comes an influx of potential fraud scams targeting consumers and institutions. The top eight warning signs to share with customers are: 1. If you’re told by text there’s a second check; 2. Asked to verify or provide financial […]

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Gift Cards – A Comprehensive Consumer Guide

December 16, 2020

GiftCard

Now that the holiday season is shifting into high gear, many shoppers are turning to gift cards in an effort to purchase gifts for family, friends, neighbors, and coworkers. These are highly convenient gift choices that offer a high level of versatility for both the giver and the recipient. While an ideal option, it is […]

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Don’t Fall Victim to Scams This Holiday Season

November 16, 2020

Cyber Security online

As the COVID-19 pandemic continues, more and more people are becoming increasingly leaning towards shopping online rather than in-person at local retail outlets, such as department stores and malls. It has been forecasted that e-commerce sales will grow by 35% during the upcoming holiday season. While online retailers are quite excited by this turn of […]

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Teaching Kids about Money

October 19, 2020

Adding Money

Teaching kids about money is one of the most advantageous things you can do for their future. As kids, we were often informed that money is not something that grows on trees. Many of us may have received a small allowance for our contributions to the household. Others may have received financial rewards for academic […]

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Press Release

August 28, 2020

John Muncy

August, 2020 Somerville Bank has recently announced the addition of John Muncy to their Board of Directors. John is a prominent member of the New Lebanon community in which Somerville Bank opened its newest location in February 2020. Mr. Muncy obtained his Auctioneer license in 1987, been a licensed real estate broker since 1997, and […]

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How to Survive in a Digital Economy Amid the COVID-19 Pandemic

July 20, 2020

mobile banking

Since the start of the COVID-19 pandemic, cashless payments have risen significantly. In fact, professionals are stating that the coronavirus is actually accelerating the trend towards a completely cashless economy. This is a direct result of the immense growth behind e-commerce and the unique fear of handling cash that could be potentially contaminated with COVID-19. […]

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The Benefits of Digital Banking During the Coronavirus Pandemic

May 18, 2020

Online Banking

Now that the world is in the midst of a coronavirus pandemic that involves a potentially deadly virus, the banks around the nation are placing the health of their customers, the communities where they operate, and their employees as a top priority. Considered to be an essential business, banks are taking every measure possible to […]

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