Crypto and blockchain technologies have some valid applications but when it’s just for investment, there are tons of scams. (And what would we do for passwords if it weren’t for our pets?) Since the dawn of history people have been trying to take things of value from others. The industry is discussing the latest breach, especially as it seems, once again, that “it is not a matter of if but of when.” “Flagstar Bank recently became aware of a privacy breach that occurred during December 2021 involving unauthorized access to Flagstar Bank’s network. Flagstar Bank is in the process of providing their impacted customers with written notice of this privacy breach. The written notice includes an offer of free credit monitoring by Kroll, subject to the customer’s enrollment in the monitoring offer. Impacted customers can call Flagstar Bank at (855) 503-3384, or impacted customers may also obtain additional information online.” (Today
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Vermont Business Magazine Ledyard National Bank has been selected to participate in two programs offered by the Federal Home Loan Bank of Boston. The first, known as the Equity Builder Program, assists local home buyers with down-payment and closing costs. Equity Builder provides grants to financial institutions to assist households who are purchasing their first home and who are at or below 80 percent of the area median income. Borrowers are eligible to receive up to $15,000 in assistance on a first come first serve basis.
Ledyard National Bank is eligible to receive up to $150,000 in 2021 through the program depending on availability of funds.