Transaction Account Guarantee Program

The Bank of Eastman/Magnolia State Bank is participating in the FDIC’s Transaction Account Guarantee Program.  Under that program, through June 30, 2010, all non-interest bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account.  Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC’s general deposit insurance rules.

For more information, visit the FDIC’s website.

FDIC Deposit Insurance

FDIC deposit insurance temporarily increased from $100,000 to $250,000 per depositor has been extended through December 31, 2013.

How to Avoid Identity Theft

The Federal Trade Commission (FTC) has a great website that provides resources on ways to avoid identity theft and what you need to do if your identity is stolen. Below is a link to this website to help you deter, detect, and defend against identity theft.

http://www.ftc.gov/bcp/edu/microsites/idtheft/

VISA Security Alert

UGA MASCOT BURIED ON BANK OF EASTMAN PROPERTY

Mr. Angel was a mascot for the University of Georgia from 1944 to 1946. Mr. Angel belonged to Dr. Warren A Coleman. Mr. Angel was buried at the Coleman home which was located at the corner of Fifth Avenue and Oak Street in Eastman, GA.

Protecting yourself against "Phishing," a type of online fraud.

What is Phishing?

Identity theft over the Internet is on the rise and “Phishing” is one form of fraud that attempts to obtain your personal information through the use of emails, websites, and popups. This type of fraud occurs when you receive an email that is sent as though the email is from a legitimate company. The email will request sensitive personal information by telling you to either supply the information in a popup window or by clicking on a web link that sends you to a counterfeit web site. Once the information is obtained the data may be unlawfully used against you to create transactions on your existing accounts.

How can I identify these fraudulent emails?

• Keep in mind that Bank of Eastman will not send emails asking for customer information.
• Fraudulent emails will ask you for your confidential information.
• Fraudulent emails may appear to be from a genuine source.
• Fraudulent emails will also link to bogus Web sites.
• Fraudulent email may also contain bogus phone numbers.

What should I do if I find one of these emails?

Do not click on any of the links in the email. If you find an email that you believe to be fraudulent either call our Tech Support Department at (478)374-3418 x104 or email techsupport@magnoliastatebanks.com to report it.