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Every day, thousands of people fall victim to fraudulent emails, texts and calls from scammers pretending to be their bank. And in this time of expanded use of online and mobile banking, the problem is only growing worse. In fact, the Federal Trade Commission’s report on fraud estimates that American consumers lost a staggering $8.8 billion to phishing scams and other fraud in 2022—an increase of more than 65% over 2021.
We have seen recent situations where several businesses received an email from a vendor to change the way that they get paid. The email included a new account and routing numbers; however, this was a fraudster attempting to re-route the ACH payment. Verbal authentication of any payment change is highly suggested. Here is a great resource from NACHA with additional Fraud that is popular currently.
Boscobel, WI (July 14, 2023) – Dan Klahn, President & CEO, is pleased to announce that Kurt Muchow has recently been elected to the Community First Bank Board of Directors.
We are thrilled to announce that Community First Bank (CFB) has been recognized by BauerFinancial with a 5-Star rating. This prestigious rating is a testament to our strong financial health, stability, and sound management. But what truly sets us apart is our unwavering commitment to our community.
Boscobel, WI (April 25, 2023) – Retail and Business Development leaders at Community First Bank have sprung into action to offer financial relief to the residents in Grant and Crawford counties. In response to the recent record flood stage of the Mississippi River and the ensuing devastation experienced, a low interest Flood Relief Loan Program is being made available immediately.
Boscobel, WI (March 22, 2023) – Dan Klahn is pleased to announce that Kevin Raisbeck, EVP/Chief Lending and Business Development Officer, has been elected to the Community First Bank Board of Directors. Kevin is replacing Gary Wegner who is retiring after 17 years of dedicated service.
Dan Klan, Community First Bank's president and CEO shares some thoughts regarding recent bank closures and the differences between these failures and CFB and our local banking focus.
CFB - Muscoda branch renovations will start this coming Monday, September 26th. Work will be done in phases, ensuring customers can still conduct their banking at the branch.