“As a partner in this community and a partner in protecting our elderly, we are proud to stand together and keep our residents safe from the threat of neglect, abuse and now financial exploitation. This is a great program we are excited to help provide because it not only gives residents peace of mind, but also their families. Since 1913, Standard Bank has been a community bank that creates new and creative efforts to meet the lending and deposit needs of the communities they serve through affordable and flexible options coupled with excellent one-on-one customer service,” said Tim Zimmerman, Standard Bank President & CEO.
A recent study estimates that the financial loss by victims of elder financial crimes and exploitation is more than $2.9 billion a year with approximately two million seniors being exploited. Awareness of elder financial abuse is growing and Standard Bank, PaSB wants to do its part for the communities they serve through providing education and information for elderly in the community.
As a trusted partner of Standard Bank and provider of elder abuse prevention programs in our nation’s senior care facilities, people rely on the Senior Housing Crime Prevention Foundation. The Foundation delivers the nationally-acclaimed Senior Crimestoppers program as a resource for information on a wide range of issues both inside and outside of a traditional long-term care setting.
Standard Bank will be funding the Senior Crimestoppers program in the following senior living facilities:
- Greensburg Care Center in Greensburg, Pa.
- Bethlen Home of the Hungarian Rf in Ligonier, Pa.
- Harmon House Care Center in Mt. Pleasant, Pa.
- Frostburg Village in Frostburg, Md.
Senior Crimestoppers has reduced all aspects of crime in participating facilities by 94% through incorporating several components such as:
- Helping implement a zero tolerance to crime platform.
- Personal lockboxes for residents.
- Cash rewards up to $1,000 paid anonymously for information about wrongdoing of any kind.
Effective, on-going education and training for staff members and residents. Tim Zimmerman, Standard Bank President & CEO, comments, “As a partner in this community and a partner in protecting our elderly, we are proud to stand together and keep our residents safe from the threat of neglect, abuse and now financial exploitation. This is a great program we are excited to help provide because it not only gives residents peace of mind, but also their families.” Since 1913, Standard Bank has been a community bank that creates new and creative efforts to meet the lending and deposit needs of the communities they serve through affordable and flexible options coupled with excellent one-on-one customer service.