Today is Senior Citizens Day, a national holiday created to give back to seniors in our communities and to honor them for their contributions to our individual lives and society as a whole. For the banking industry, the day marks an appropriate time for banks to determine what measures are in place to protect elderly customers and help them remain financially healthy as they age. Read More
Whether you are a senior citizen, a professional in the financial services industry, a caregiver, or just someone who is passionate about learning the ins and outs of elder abuse, you probably know there is an abundance of information on the internet about elder financial exploitation. It can be overwhelming trying to sort through everything to find reliable sources with current information. Thankfully, we’ve done most of the heavy lifting for you by narrowing it down to our top eight resources. There’s no better time to educate yourself than now. Not only is April in the midst of tax season (when the frequency of reported tax scams is at its peak), it is also Financial Literacy Month. Financial education isn’t just for youngsters anymore!
“By our very nature, as community bankers we are deeply invested in our communities,” Jamie Shinabarger, President and CEO of Springs Valley Bank stated. “Our hearts are truly at home, so when the opportunity to partner with The Timbers of Jasper and Springs Valley Meadows in French Lick became available, we jumped at the chance to work with an organization that is dedicated to helping and protecting our senior citizens.” He went on to say, “Winston Churchill got it right when he waxed poetic: ‘We make a living by what we get, but we make a life by what we give.’”
“Our bank focuses on giving back to the local community to keep it safe and help it grow. With our sponsorship of the Senior Crimestoppers Program at LeFleur Haven, we want our senior citizens, who are the foundation of this community, to have the best care possible in a safe environment. We are proud to be a partner with CRA Partners so we can make our community and better place to live and work,” said Alan Walters, President & CEO of First Commercial Bank.
“We support CRA Partners which installs the Senior Crimestoppers program in senior living centers because it is the right thing to do,” stated Mike Schrage, Centier Bank President & CEO. “Empowering senior living residents through education, awareness, and resources makes a statement that crime against the elderly will not be tolerated. We support this program and the Wish Comes True Grant in six senior living facilities protecting and granting wishes for 365 residents within our Centier communities.”
“Being a true COMMUNITY bank, Springfield State Bank is pleased to partner with CRA Partners powered by the Senior Housing Crime Prevention Foundation in helping to bring this program to Washington County Kentucky’s care facilities. We value and appreciate our senior citizens and this is an excellent opportunity to be an advocate for them, especially as it relates to matters of finances and money. Senior Crimestoppers is a great way for Springfield State Bank to give our senior citizens another layer of security and crime prevention focused on their vulnerabilities,” said Christy Carpenter, Executive Vice President and CRA Officer at Springfield State Bank.
Through the use of certain CRA-qualifying loans and investments, community banks can find legitimate ways to meet their CRA requirements and at the same time operate in a safe and sound manner that further creates a marketing niche.
Congratulations to Fondulac Rehab and Health Care Center in East Peoria, IL and Cornerstone Rehab and Health Care Center in Peoria Heights, IL as they became the newest additions to the Senior Crimestoppers family in Illinois. Morton Community Bank sponsored the program in these two senior facilities and now protect 192 senior residents. Robert Mueller, VP and CRA Officer and George Clinard, VP of Relationship Development with Senior Crimestoppers were on hand to make the presentation and got things rolling. Our thanks to Ryan Mehaffy, Administrator at Fondulac and Ben Carson, Administrator at Cornerstone for their enthusiastic participation with Senior Crimestoppers!
“We are pleased to announce this new relationship with CRA Partners,” stated Rob Braswell, President & CEO of the Community Bankers Association of Georgia. “CRA Partners provides community banks with a way to meet their federally mandated Community Reinvestment Act (CRA) requirements by enhancing the lives of vulnerable, low- and moderate-income senior housing residents through installation of the Senior Crimestoppers program.”
Commercial Bank and Trust Company, want to provide special items or events that provide endless hours of entertainment and meaningful contact that the facility might not be able to provide in its already stretched budget,” said Judy Holcomb, Vice President and Assistant Program Director of Senior Crimestoppers. Senior Crimestoppers is funded through CRA Partners powered by the Senior Housing Crime Prevention Foundation.