Banking Is Personal - Blog

Welcome to Banking is Personal. This blog is a place where Salin Bank hopes to give you information you can use. Our goal is to arm you with resources and knowledge about mortgages, wealth management, business lending and other banking-related issues that affect you and your financial objectives.

Credit Card Skimming: Think Twice Before You Swipe

By Denise Maines, Salin Bank Security Officer on February 12, 2016

You swipe; they steal. It’s called credit card skimming, and it’s a crime growing exponentially in Central Indiana. 

Here’s how the crime works: Skimming thieves use small high-tech devices that scan or “skim” your credit and debit card data from the card’s magnetic stripe. Oftentimes, skimming devices are installed on an ATM or inside a gas pump. Once the credit card has been swiped through the skimmer, the personal information and data are extracted and recorded. The thieves then usually sell the stolen information over the Internet so counterfeit cards can be manufactured. The U.S. Department of the Treasury reported that hidden cameras often accompany the machines to record a consumer’s PIN number.
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Financial New Year’s Resolutions: It’s Not Too Late!

By Tyler Nickerson, Sales and Service Officer- Columbus Downtown on January 28, 2016

Resolutions are a time-honored tradition at the beginning of each new year. While many people take strides to eat better or exercise more, there’s often one pledge missing from their resolution list: Finances.

To help jump start your financial resolutions in 2016 and get your financial house in better order, consider the following suggestions:
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Take Charge of Your Cyber-Security in 2016

By Denise Maines, Salin Bank Security Officer on January 20, 2016

Fraud. It’s just a five-letter word, but it can wreak a lifetime of financial and emotional havoc on consumers and business owners alike. 
Thanks to new innovations in technology, today’s cybercriminals are more sophisticated and daring than ever.  Stories of “data breaches” are now common fodder in the news. And no industry is immune. Recent scams have affected healthcare providers, higher education, government, financial firms, telecommunications, automotive dealers, and large retailers. 
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Plan B: Don’t Wait for Disaster to Strike

By Jeff Binkley, Vice President - Director of Information Technolog on December 7, 2015

The growing prevalence of cyber-attacks and weather-related disasters such as hurricanes, earthquakes - and, closer to home in Indiana, tornadoes - are a constant reminder of the need for businesses to have a disaster preparation and recovery plan in place in the event the unexpected becomes reality.
This is especially true of financial institutions whose existence is dependent on the availability of computer systems and data. If disaster strikes, banks must be prepared to provide their customers with an immediate response and critical information.
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Trusts: Why Set One Up?

By John Coughlin, Vice President, Wealth Management Business Development Officer, Salin Bank on November 16, 2015

You don’t have to be Warren Buffet to need a trust. A trust is an excellent way for many people to protect the assets they’ve worked so hard to build and to ensure those assets pass on to the people or organizations of their choosing. The challenge is determining what kind of trust to establish.
In simple terms, a trust is a fiduciary arrangement that allows a third party, or trustee, to hold assets on behalf of a beneficiary or beneficiaries. There are many different types of trusts, each with its own benefits and sometimes potential pitfalls. Below are some of the more common trust options:
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