On behalf of our leadership and staff, welcome to our newly elected officers and directors who will help build on the foundation we have established and guide IBANYS into a profitable and successful future representing the interests of New York's community banks.

• Friday, October 5 - Alumni Foundation VIP Gala

• Saturday, October 6 - Alumni Charity Celebrity Golf Classic

• Sunday, October 7 - Bills vs. Titans

For full information, click the image or download the flyer. 

Spotlight Bank of the Week is a new feature that we have added to our website and e-newsletter. It is an opportunity to promote anything about your organization, such as fun facts, organization news, special events, etc. The Spotlight Bank of the Week will be featured on our homepage slider, e-newsletter, and our social media platforms for one week. So don't miss out on this exceptional opportunity to showcase your bank to thousands of people!

To apply, just fill out our registration form and email it to Natalie Rowan at natalier@ibanys.net.

• Disparate Impact: Tell the Department of Housing and Urban Development (HUD) to amend its fair lending disparate-impact rule to meet the limitations imposed by the U.S. Supreme Court. ICBA's custom message calls on HUD to align its rule with the high court decision.

 

Fed Raises Rates By A Quarter Point--The Eighth Increase Since Normalization Began

The Federal Reserve hiked its benchmark interest rate a quarter point today, "upped" its anticipation for economic growth this year and next, and provided a "road map" of what lies ahead through 2021. The policy-making Federal Open Market Committee increased the fed funds rate 25 basis points, taking the rate to a range of 2 percent to 2.25 percent -- where it last was in April 2008. It marks the eighth increase since the Fed began normalizing policy.

Article provided by Advanced Cyber Security Corporation (ACS)

Recent college grads have grown up with innovation and therefore rush to grasp the most recent and most noteworthy gadget, application or social network. That comfort and characteristic trust with technology puts them in particular danger for information misrepresentation when the cyberthieves are getting continuously voracious.  This well-informed age doesn't know existence without innovation and frequently don't offer idea to their activities or the threats of online movement. They see fraud and misrepresentation as unavoidable and have been prepared that they are not at risk for extortion relating to their credit cards or bank accounts. 

This mentality regularly keeps them from exploiting fraud administration which shields them from potential misrepresentation and prevents it from wreaking money related destruction. What they don't understand is the long, agonizing procedure engaged with recouping from having their identity stolen.

It's no secret in the banking world that the financial services industry is the main focus for cybercrime. The risks of phishing and other social building scams have stood out as truly newsworthy and alarmed the general population lately. Today, youthful customers comprehend that data fraud is a major issue and that their dangers extend to their web-based shopping, banking and social media. Numerous twenty to thirty-year olds have turned into a casualty of fraud. A report composed by the Federal Trade Commission (FTC) found that millennials are the main casualties of character scams. A year ago, they lost more cash to extortion than seniors. 

The report likewise uncovered that in excess of 30 percent of individuals in their twenties and near 40 percent of those in their thirties experienced occasions of misrepresentation. It is likewise important to note that last year, 39 percent of cybercrime victims were minors. This gathering speaks to the up and coming age of customers who will have fraud assurance on their radar.

Customer Identity Protection gives enhanced security and notoriety to the bank  Keyloggers are a type of spyware that steal each keystroke composed into an application or browser. They are a primary segment in a larger part of malware. Their principle design is to acquire credentials generally downloaded because of a successful email or online phishing scam. During recent years, the financial world was hit hard by financial trojans, which much of the time are built with keyloggers aimed at hacking bank customers. 

This malware spreads in millions of spam messages every day to harvest the credentials of its victims. As indicated by Consumer Affairs, millennials will  probably fall for computerized scams than more established adults. Once a banking customer unconsciously downloads a keylogger, their bank user name and password can be caught. At the point when an account is obtained, digital cyber thieves can rapidly exchange and take reserves. As indicated by one examination, account takeover extortion tripled in the most recent year, achieving a four-year high, with one out of five misrepresentation casualties losing cash.

As indicated by the CEO of Advanced Cyber Security Corp., Daniel DelGiorno, enhancing customer instruction in regard to phishing attempts is one approach to help lessen the probability of a keylogger advancing onto their PC and mobile devices, however cybercriminals are continually enhancing their strategies and finding better approaches to deceive unsuspecting bank customers into tapping on an infected link.

Reap the rewards of furnishing your customers with ID Protection:

In an ongoing review, customer administration and security were the two most vital variables banking customers refer to when remaining with their current financial institution or relocating to another one. Offering Identity Theft Protection as a customer advantage, answers an incredible need for recent college grads, as well as for the majority of your customers who are banking, shopping, messaging, socializing with friends and family and browsing the web. One report found that 74% of buyers currently utilize online banking. Noting the requirement for character insurance demonstrates to your customers that their security is your top priority.

Daniel DelGiorno concludes, "There are numerous identity theft protection plans on the market, however, a large portion of them offer devices that alarm the customer after their identity has just been stolen. ACS CyberIDLock Identity Theft Protection Plan is the only proactive plan that provides a tool that can help counteract data fraud and identity theft with our patented keystroke protection software to block 100% of keyloggers/spyware."

In addition to keystroke encryption software, the CyberIDLock Plan also includes unlimited Dark Web Email Scanning, Early Warning Identity Monitoring, Fully Managed Recovery and a $1,000,000 Personal ID Protection Coverage policy.  For more information about our plan, visit our website at www.cyberidlock.com or to request your free copy of EndpointLock keystroke encryption, please contact Greg Isgro at: gisgro@advancedcybersecurity.com or call 1-866-417-9155 ext.1002

Steady Growth

With that entrepreneurial spirit in mind, President and CEO Philip L. Pecora leads GRB with a customer-centric philosophy that sets the bank apart as a powerful advocate for its clients. GRB's original vision of growing local businesses has expanded to include helping individuals, nonprofits, and municipalities achieve their financial goals. The bank has continued on a consistent growth path, increasing its assets more than ten-fold since 2003.

The 2013 addition of three residential mortgage companies to the GRB team brought yet another critical service to the bank's customers and the local community. GRB's residential mortgage team has grown rapidly and GRB is now one of the leading mortgage lenders in the region. With assets now topping more than $550 million, GRB offers competitive products and rates -- but with the added benefit of hometown knowledge, service and decisions.

 

Recognition and Awards

The bank's growth is fueled by its commitment to the community and to its employees, earning the bank awards and recognition for growth, culture and community support including being named:

• A Small Business Administration "Silver Award" lender
• A "Greater Rochester Chamber of Commerce Top 100" company
• One of the "Best Companies to Work for in New York"
• One of Rochester's "Top Workplaces"

A New Chapter

GRB is launching an aggressive community-focused brand awareness campaign in September 2018 to encourage businesses and individuals to consider the benefits of working with a local, independent financial institution like GRB. 

 

Featuring reflections on the theme "Community Banking. Community Building." the integrated marketing campaign will include television, radio, and targeted digital advertising.  At launch, the campaign features GRB customers - Isaac Heating & Air Conditioning, Hybridge Dental Implants, Radio Social, Parkleigh and Dr. and 

Mrs. Michael Maloney. In their own words, these customers discuss the importance of receiving local support from GRB to achieve their personal financial goals and enable growth for their Rochester-based businesses. The campaign reinforces the bank's mission to provide products and services exclusively to the Greater Rochester region - working to keep us all, as the campaign concludes, "ROC" solid.

The commercials and extended interviews with each customer can be found at www.GRBbank.com/community.

Dan Morgenstern, founder of Radio Social and a GRB customer featured in the campaign said, "To bank with somebody that's outside of our community doesn't necessarily help our community.  What's critical for us is depositing our dollars into a bank like GRB that turns around and supports the local economy and local business.  Rochester can't grow if we don't have a community bank.  Because outside banks wouldn't have done what we needed for Radio Social.  GRB is unique.  They really understand and care about the success of the local market."

"Community banking is really about reinvesting into the Rochester community and really being focused on one market," said Frank LaMar, co-founder and CEO of Hybridge Dental Implants, a GRB customer and campaign feature. "I think having a bank like GRB whose focus is one market like Rochester, New York, is really much more profound to the business owners of that town compared to, frankly, what we've had in the past with large banks."

GRB has ambitious plans to continue its growth, and continue driving the success of businesses and individuals in the Greater Rochester community. Learn more at www.GRBbank.com.

View GRB's Video!

HERE'S WHAT YOUR FELLOW NEW YORK

COMMUNITY BANKER SAYS. . .

"I wanted to let you know that some of our employees and I have been using "Teladoc" and it is one of the best things we have done for the bank. We all love it: We are saving time, avoiding waiting in an urgent care center or a doctor's waiting room for non-emergency related illnesses . . .and it is easy to use and convenient. Once you use it, you are hooked! This was a great find! Would recommend it to all banks."

Mario Martinez 

Chairman & CEO

Catskill Hudson Bank