Kit Stolen Joins Salin Bank as President/COO - 8/27/2008
INDIANAPOLIS, IN — Salin Bank & Trust Company has recruited Alvin T. (Kit) Stolen III, former President and CEO of Union Federal Bank of Indianapolis, to be president and chief operating officer. Stolen brings to Salin more than 30 years of bank management experience, leadership development and human capital consulting.
"We could not be happier that Kit Stolen has joined our crew," says Salin Bank CEO William Salin II. "Our mission is to continuously strive to be more responsive and relevant to our clients’ needs. Kit has the successful banking experience, professional capabilities and personal warmth to be the mission leader of our great management team."
CEO Salin went on to add, "As an independent, community-oriented commercial bank competing with the ‘big box’ financial institutions, we feel we need to have the best-equipped, best-trained people reaching out to our clients. Kit’s experience and insights will be invaluable in enhancing internal systems and technologies, refining best-practices management techniques, and directing the strategic analysis of products and services."
While at Union Federal, a $2.4-billion asset institution with 42 branches and more than 600 employees in the Indianapolis area, Stolen oversaw all aspects of bank operations. He left Union Federal in January 2007 after completing the transition to Sky Bank (subsequently acquired by Huntington Bank) and joined Achievant, a human capital management company that helps businesses maximize the performance of their associates through software and leadership development consulting. While associated with Achievant, Stolen served for several months as interim CEO and interim CFO at Rehabilitation Hospital of Indiana (RHI). Stolen is currently chairman of the board at RHI and serves on the Finance Committee for the St. Vincent Health System. He formerly was a board member of the Indianapolis Chamber of Commerce, the Indianapolis Symphony Orchestra, the Indianapolis Zoo and Indiana Sports Corporation, along with other organizations.
Salin Bank, for the 25th year in a row, is enjoying profitable operations and an impressively stable lending base. The bank’s remarkable Tier 1 capital position of nearly 14% is well above the Federal Reserve’s "well-capitalized" criteria of 6%. The bank successfully bypassed the subprime meltdown by avoiding subprime lending altogether.
"The opportunity I’ve been looking for is precisely what Salin Bank offers," Stolen observes. "Salin’s family-ownership and rock solid capital has created a fortress in an otherwise turbulent banking market. It is the bank’s strength and stability over the long run that is so relevant and satisfying to our clients, communities and crewmembers. The Salin family’s steadfast dedication to keep the bank family-owned for the next generation is what sealed it for me. There is a strong sense at Salin that the way we do business truly can make a difference. The bank has the human and financial capital to continue to improve its position as a uniquely successful Indiana bank. I am honored to be asked and eager to contribute to this exciting environment."
Important E-Mail and Voice Mail Message Fraud Alert-7/21/08
The following example is what has recently been sent fraudulently to Salin Bank Clients. The bank has taken proactive measures to protect your accounts and reported this crime to law enforcement authorities. At no time was any of our bank network systems breached. The objective of this scam was to prey on unknowing bank clients to provide private account information by sending out bulk e-mail and voice mail messages.
Do not respond to the following types of messages.
Example of Fraudulent Message:
This is not a promotional e-mail. Contact the Account Security Group at 888-457-9352
regarding recent restrictions placed on your account. We're available 24/7 to take your call.
If you are calling from outside of the United States, please call collect 1-812-220-4578 and ask to be transferred to the Account Security Group.
Please disregard this e-mail if you've already call us since the date this e-mail was sent.
We appreciate your prompt attention to this matter.
Thank you
Tracy Reiter,
Customer Service Manager
Copyright © 2007 Salin Bank.”
IMPORTANT TEXT MESSAGE FRAUD ALERT TO OUR CLIENTS-6/20/08
A recent text message scam, falsely representing Salin Bank, was sent to many cellular telephone numbers from various providers. The text messages provided instructions to the recipient to telephone a specific phone number and provide confidential account information which the bank never endorses under any circumstance.
The bank has taken proactive measures to protect your accounts and reported this crime to law enforcement authorities. At no time was any of our bank network systems breached. The objective of this scam was to prey on unknowing bank clients to provide private account information by sending out bulk text messages.
Salin Bank is highly committed to protecting your financial assets which you entrust to us as a client. In order to fully maintain this commitment we ask that you never provide account or password information to any emails, text messages, or person(s) whom you do not know. Salin Bank will never contact any bank client to ask for your account number or password.
Salin Bank clients can visit any banking center to report fraudulent activity to a crewmember or telephone our customer service center at 1-800-41-SALIN.
Salin Bank will introduce new online security updates for business accounts-05/29/08
Salin Bank will soon offer new enhanced security measures to keep your money and your identity safer. Online business internet users will notice a few subtle changes as well as a refreshed look and feel to the internet banking site. Online access ID and passwords will not change. We’ve greatly enhanced our security measures to protect your information, your accounts and your business. Log on June 10 and check it out.
Click here to see instructions on logging in using the new enhanced security features.
FRAUD ALERT TO SALIN Clients- 03/28/08 updated 05/05/08
Salin Bank & Trust Company is highly committed to protecting your privacy and finances. As part of our dedicated commitment we are posting this fraud alert to remind you to never respond to any text messages and/or emails falsely representing our bank asking for private information, such as passwords, PIN numbers, and account numbers. Salin Bank policy prohibits this type of practice, since we already have your trusted information as your chosen bank. To ensure you and other clients are protected Salin Bank strives to provide consumer awareness information to prevent fraud loss.
To report fraud to us please contact us at 1-800-41-SALIN or at customer.service@salin.com. You may also visit any Salin Bank Banking Center to facilitate your concerns.
The message below is a sample of a fraudulent e-mail being sent:
Original Message --------
Subject: Salin Bank Urgent Alert : Identity Verification Case
#SALIN5271-0401
From: "Salin Bank
Dear Customer,
Salin Bank temporarily suspended your account.
Reason: Identity Verification
Unlocking your profile will take approximately one minute to complete .
To reactivate your debit/credit card please click on the link bellow and follow the steps.
Click here to update your identity
Salin Bank is serious about safeguarding your personal information online.
Main Bank
8455 Keystone Crossing
Indianapolis, IN 46240
Copyright © 2008 / Salin Bank - All rights reserved.
For more information about cyber crimes and how they affect you please visit the following websites:
www.us-cert.gov
www.cybercrime.gov
www.ic3.gov
