Leadership Division Region 5 Mount Pleasant Meeting
Region 5 of the IBAT Leadership Division invites you to join your fellow area community bankers for a great networking opportunity and an informative fraud presentation by Ken Hartley, Fraud Prevention Group*.
Tuesday, September 25th
Hosted by Leadership Division Board Members
Justin Steinbach, Frost Bank, Dallas
Michael Moores, Citizens National Bank, Henderson
Christy Hester, Texas Bank & Trust, Longview
Kevin Monk, Alliance Bank, Sulphur Springs
Craig Roberts, Guaranty Bond Bank, Sulphur Springs
Charlie Rand, Bank Texas, Lindale
There is no registration fee to attend these meetings. However, we ask that you register for meal planning purposes.
Registration Deadline is Thursday, September 13th!
*Local banks recognized the need for better collaboration between our banking institutions and associates from the law enforcement community to address the escalating number of financial crimes and increasing losses. National statistics for the previous year showed that more than $260 million dollars were lost to cyber fraud and financial crimes.
In March of 2010, Texas Bank and Trust invited Longview/Gregg County area banks, credit unions and local, state and federal law enforcement agencies to join monthly meetings to discuss the common characteristics of the crimes that affected each of us.
Members of the Longview area banking institutions eagerly responded in support of a “fraud prevention group” that would meet on a monthly basis, exchange an email and telephone contact list, discuss current trends in financial crimes experienced in the area, and discuss with law enforcement officers or prosecutors better methods of reporting and developing case evidence. The efforts of this group could prevent substantial loss to our banks and ultimately assist in the arrest and prosecution of offenders; and increase the chances for restitution.
The original fraud prevention group enlisted 60 members that represented financial institutions and law enforcement agencies. In April the first meeting was sponsored by Texas Bank and Trust and has hosted all subsequent meetings.
The group immediately began to exchange information by sending email “alerts” to all members when fraudulent scams, bogus checks, or counterfeit currency was noted in our area. As expected, the email alerts significantly aided each institution to identify those suspects who sought to defraud our banks and customers. We furthermore discovered through our bonding that we are capable of preventing fraud, decreasing loses and were able to assist our law enforcement officers and prosecutors.
One year later a second fraud prevention group was established to connect the Tyler/Smith County financial institutions and enforcers with those in the Longview/Gregg County area. The groups meet one week apart and all information is jointly shared. The email alerts are sent to both groups simultaneously. Currently the joint roster includes two hundred and six (206) members expanding coverage from the Dallas-Ft. Worth area east to Shreveport; and from Mt. Pleasant south to Lufkin.
The fraud prevention groups now consist of thirty-eight (38) banks and credit unions and twenty-seven (27) local, state and federal law enforcement agencies in this effort to deter financial crimes; and prevent substantial losses.