Featured post
Phone with lock symbol on it in front of an open laptop

Digital Deception: How to Identify and Avoid Online Banking Scams

Staying Safe Online

In the digital age, banking has never been more convenient. But with this convenience comes a new wave of cyber threats that can catch even the savviest of us off guard. Online banking scams are on the rise, and it’s crucial to stay one step ahead. Let’s dive into the murky waters of digital deception and learn how to keep your finances secure.

The Latest Online Banking Scams 

Scammers are constantly finding new ways to trick us. Here are some of the latest and most common tactics we’ve seen:

  1. Investment Scams: These scams top the list with reported losses in the billions, where fraudsters lure victims with promises of high returns on investments.
  2. Impersonation Scams: Scammers impersonate business or government officials to steal money or personal information, often using intimidation tactics.
  3. Payment Method Scams: Fraudsters prefer bank transfers and cryptocurrency for scam payments, leading to significant losses for victims. They will even use peer-to-peer payment apps like Zelle.
  4. Social Media Scams: A large portion of scams originate on social media platforms, with scammers using fake profiles or ads to deceive users. In fact, the Better Business Bureau (BBB) 2022 Online Scams Report found that many people commonly found themselves the victims of a scam after trying to buy a puppy online. This was due to scammers purchasing ads for their fake e-commerce websites for social media. Around 44% of social media scams from January to June of 2023 were connected to online shopping.
  5. AI-Powered Scams: Artificial intelligence is being used to create convincing phishing messages and deepfakes, making scams more believable.
  6. Student Loan Forgiveness Scams: Scammers exploit the confusion around student loan forgiveness programs to trick victims into paying fake fees or sharing personal information.
  7. Phone Scams: Including robocalls and impersonators, phone scams use smartphones’ capabilities to install malware or extract personal data.
  8. Job Scams: Offering fake employment opportunities, scammers may ask for personal information or payment to “secure” a job.
  9. Money-Making Opportunity Scams: Victims are enticed with the prospect of easy money, only to find themselves defrauded.
  10. Prize and Grant Scams: Scammers promise fake prizes or grants, requesting payment or personal details to claim the supposed reward.

Recognizing the Red Flags 

So, how can you spot these scams? Here are some telltale signs:

  • Urgency: Scammers often create a sense of urgency, pressuring you to act quickly.
  • Unsolicited contact: Be wary of unexpected calls, emails, or texts asking for personal information.
  • Suspicious links: Hover over links to see where they really lead before clicking.
  • Requests for sensitive information: Your bank will never ask for your password or PIN via email or text.

Avoiding the Traps 

Here are some practical steps to protect yourself:

  • Secure your devices: Use reputable antivirus software and keep it updated.
  • Be skeptical: If something feels off, trust your instincts and verify through official channels.
  • Strong passwords: Create complex passwords and change them regularly.
  • Monitor your accounts: Regularly check your bank statements for any unauthorized transactions.

We’re Your Shield Against Scams 

At Peoples Bank and Trust, we’re committed to your financial safety. Our security measures and vigilant fraud monitoring are like a digital fortress around your finances. We’re here to educate and empower you, so you can bank online with confidence. Remember, if you ever have doubts about the legitimacy of a communication, reach out to us directly. Your peace of mind is our top priority.

Stay informed, stay skeptical, and stay safe. With the right knowledge and tools, you can protect yourself from the digital deceivers looking to disrupt your financial harmony.

Featured post
White piggie bank with white airplane above it on blue background

Summer Travels: Protecting Your Finances On the Go

Staying Safe Abroad

Summer is here, and with it comes the thrill of new adventures and the allure of distant horizons. But as we pack our bags and set out to make memories, it’s vital to remember that our financial security should travel with us. From the sun-drenched shores to the vibrant pulse of city life, ensuring the safety of your finances is as important as your itinerary. Here’s how you can protect your financial well-being while savoring the joys of summer travel.

Before You Go

There are a few steps you can take to make sure you’re secured and well prepared for your trip, so be sure to:

  • Update your device: Make sure your smartphone, tablet, or laptop, and any apps are updated to the latest software as this will improve your device’s ability to defend against malware.
  • Back up your information: Perform a backup of your photos, videos, contacts, and any other important information.
  • Enable ‘Find My Device’: Whether you’re an Android or iOS user, make sure to enable the ‘Find My Device’ feature on all your devices. This will allow you to find your device, like your phone, laptop or tablet, as well as disable it or wipe it remotely.
  • Lock it up: If your devices do not have passwords on them, it’s time to enable a strong PIN or password! Get into the habit of locking all your devices before you stop using them to ensure no one has time to steal information.

Using Public Wi-Fi Wisely 

Public Wi-Fi is a traveler’s best friend for staying connected, but it’s also a playground for cybercriminals. To stay safe:

Handling Cash and Credit Cards 

Cash is king in many places, but carrying too much can be risky. Credit cards, on the other hand, offer convenience and security. Here’s how to manage both:

  • Divide and conquer: Keep a small amount of cash handy and stash the rest in a secure spot like a money belt or hotel safe.
  • Notify your bank: Inform your bank of your travel plans to prevent any blocks on your cards due to unusual activity.
  • Choose credit over debit: Credit cards offer better protection against fraud, chargebacks, and often come with travel insurance benefits.

Stay Alert with Mobile Notifications

  • Download your bank or card’s app: Before you travel, download your credit/debit card or bank’s app to have easy access to your account.
  • Enable notifications: Set up instant alerts to be notified on your phone whenever your card is charged, giving you real-time updates on your spending and immediate notice of unauthorized use.

In Case of Lost or Stolen Items 

Theft or loss can happen to anyone. If you find yourself in this unfortunate situation:

  • Act fast: Report any stolen items to local authorities and your bank immediately.
  • Document everything: Keep copies of important documents and receipts, which will be helpful when filing claims.
  • Use credit card benefits: Many credit cards offer protection for lost or stolen items, so be sure to leverage these features.

Why Credit is Better Than Debit 

When traveling, credit cards are your financial armor. They offer:

  • Fraud protection: Credit cards limit your liability on fraudulent charges.
  • Chargeback options: If services aren’t rendered, you can dispute charges more easily than with debit cards.
  • Rewards and perks: Earn points, miles, or cashback on your travel expenses, which can be used for future adventures.

We’re Your Trusted Travel Partner

At Peoples Bank and Trust, we understand the importance of financial security during your travels. Our range of credit card options is designed to provide you with peace of mind, so you can focus on making memories. Before you pack your bags, visit Peoples Bank and Trust to find the perfect travel companion in our credit card offerings.

Enjoy your summer travels with confidence, knowing that Peoples Bank & Trust has got your back every step of the way.

Featured post
Bob Hall

BOB HALL HONORED FOR 48 YEARS OF SERVICE AS MEMBER OF PEOPLES BANK & TRUST CO. BOARD OF DIRECTORS

Bob Hall was honored for his 48 years of service on the Peoples Bank & Trust Co. Board of Directors at the company Christmas party on December 4th. He will be retiring from the Board of Directors at the end of 2021.

Hall joined the board in 1973, and during his tenure oversaw the expansion of Peoples Bank & Trust from Hawk Point into Troy as well as the addition of 10 other branches throughout Lincoln, Pike and St. Charles Counties.

“The total asset size of Peoples Bank & Trust was $10 million when I joined the board and today it is over $700 million,” said Hall. “I am thankful for my time with this great organization, and I look forward to seeing continued success from Peoples Bank.”

In addition to Hall’s service to Peoples Bank & Trust, he also served on the board of Lincoln County Bancorp and was Chairman of the Board of Exchange Bank of Northeast Missouri.

Outside of his role as director, Bob is the President of Hall Enterprises and can be found most days working at Hall Trailer Sales. He’s an active member of the Troy community having held the positions of President for the Kiwanis and Troy Chamber of Commerce as well as a served as an Alderman for the City of Troy and member of the Lincoln County R-3 School Board. Bob is an active member of the Troy Rotary Club and can be heard regularly on the local radio stations announcing the Troy Trojan Basketball games where he has lovingly been given the title of “Mr. Trojan Basketball.”

“Those of us that know Bob personally admire him not only for his business efforts, but also for his personal lifetime values as a devoted family man and member of this community” said Justin St. Pierre, President/CEO of Peoples Bank & Trust. “I wish Bob well and am confident the community will continue to benefit from his valued leadership.”

Featured post

PEOPLES BANK & TRUST CO. ANNOUNCES CHANGE IN LEADERSHIP

Peoples Bank & Trust Co. announced David W. Thompson is retiring as bank President and CEO. He will be succeeded by Justin St. Pierre, who most recently served as President of Lincoln County Bancorp. St. Pierre officially took on his new duties Jan. 1, 2019. However, to ensure a seamless transition, Thompson will remain working for a brief time before retiring from the bank on March 29, 2019. Thompson will retain his positions as Chairman of the Board of Directors for Lincoln County Bancorp and Peoples Bank & Trust Co. Scott Hufty has been selected for the office of President of Lincoln County Bancorp having served as Senior Accountant of Lincoln County Bancorp for the last 14 years.

“Now is the time for me to step aside and allow the next generation of bankers to take the helm,” said Thompson. “I have for several years been mentoring and training a team of wonderful individuals who are more than capable of advancing community banking to the next levels. They will serve Peoples Bank & Trust and Lincoln County Bancorp with distinction.”

Thompson, who joined Peoples Bank & Trust in 1977, has been a driving force in transforming Peoples Bank & Trust as a community bank with long-term, sustainable success. Under Thompson’s leadership, Peoples Bank has grown to $480 million in assets and expanded to a seven-branch bank with an eighth location opening in Cottleville, MO in Fall of 2019.

In addition to his leadership roles in the bank, Thompson has also devoted countless hours to many community and banking organizations including serving as Past President and Director of Missouri Independent Banker Association, Past Regent President and Regent of the Paul W. Barrett, Jr. School of Banking, Independent Community Bankers of America Committee Member, a founding board member of Lincoln County Missouri Habitat for Humanity, Director of the Lincoln County Resource Board and Director of the Mercy Health Foundation Board. In addition, Thompson was presented with the Troy Chamber of Commerce Man of the Year Award in 2018, in acknowledgment of his contributions to his local community.

In reflecting on his career, Thompson is most proud of the friendships he has gained over the last 41 years. “The daily interaction with customers and those that I work with has developed into lifelong friendships,” he said. “My employees are my family and I will honestly miss seeing them every day.”

Thompson plans to keep busy in retirement as he hopes to continue his involvement with civic organizations as well as become involved in the mission field through his church. He also looks forward to traveling and playing golf with his wife, Peggy.

About Justin St. Pierre

As President of Lincoln County Bancorp, Justin St. Pierre oversaw the operations of five community banks in Missouri: Peoples Bank & Trust Co., Bank of Louisiana, Exchange Bank of Northeast Missouri, Peoples Bank of Altenburg and New Frontier Bank. In addition, St. Pierre managed a holding company staff which provides internal banking services to all the banks such as IT, audit, loan review, investments and marketing.

St. Pierre worked as a bank examiner for the Missouri Division of Finance in 1996, before coming to Peoples Bank & Trust in 1998 as a loan officer. He then transitioned to internal loan review within the bank holding company, Lincoln County Bancorp, before becoming President of the organization in 2014.

As President and CEO of Peoples Bank & Trust Co., St. Pierre will be leading over 130 employees into the future of community banking. “I am honored to be a part of this next chapter of Peoples Bank,” said St. Pierre. “We have a talented team of employees that are dedicated to their positions and it is an exciting time to be working at the bank.”

“I am confident Justin has the knowledge, skills and leadership needed to guide Peoples Bank into the future and continue our success as a community bank,” said David Thompson.

Justin St. Pierre, originally from Louisiana, MO, is a graduate of the University of Missouri (1994) and the Graduate School of Banking (2001). He currently sits on the Board of the Missouri Independent Bankers Association, serves as a member of the Independent Community Bankers of America Safety and Soundness Committee and is the Board Treasurer of the First Christian Church of Troy, MO. St. Pierre resides in Troy, MO, along with his wife Christy and two children: Katie and Griffin.

About Scott Hufty

Scott Hufty managed the financial and tax reporting obligations of all five banks under the holding company umbrella in his role as Senior Accountant for Lincoln County Bancorp. When he transitions into his new position of President, Hufty’s duties will shift into overseeing bank affairs at a macro level and ensuring the operational needs of each chartered bank are met.

“I have worked alongside Scott for over a decade now and I am confident he will continue to guide the banks of Lincoln County Bancorp to future success,” said St. Pierre.

Scott Hufty is a graduate of Lindenwood University (2004) and a licensed Certified Public Accountant (2007). He lives in his hometown of Silex, MO with his wife Kelly and two children: Connor and Claire.

About Peoples Bank & Trust Co.

Peoples Bank & Trust Co. is a full service, independent, community bank serving the Missouri market areas of Pike, Lincoln and St. Charles Counties through seven branch locations, with an eighth branch currently under construction and expected to open in Fall of 2019.

Since 1924, Peoples Bank & Trust continues to provide full service banking solutions while maintaining the highest level of customer service. For more information or to see a complete list of products and services, visit our website at www.pbtc.net and follow Peoples Bank & Trust Co. on Twitter and Facebook. Member FDIC.

About Lincoln County Bancorp

Lincoln County Bancorp is a $800 million bank holding company based out of Troy, MO. It is the parent company of five independent, community banks in Missouri: Peoples Bank & Trust Co., Bank of Louisiana, Exchange Bank of Northeast Missouri, Peoples Bank of Altenburg and New Frontier Bank.

Home improvement plans

What Raises Property Value the Most?

Want to level up your property’s worth? You’re not alone – homeowners are always looking for ways to make their homes more desirable. Your home’s value gets a serious lift when you make savvy upgrades – and it doesn’t matter if you’re selling next month or five years from now. Let’s take a look at what raises property value the most.

Top Home Improvements to Boost Property Value

Kitchen Remodels

One glance at a dated kitchen and potential buyers often walk; conversely, a sleek, high-tech cooking space magnetizes them. Revamping your kitchen with sleek new appliances, crisp countertops, and stylish cabinets can net a whopping 102% return on investment when you sell your home, the National Association of Realtors reveals.

Bathroom Renovations

What if we told you that updating your bathroom could essentially pay for itself? It’s true: a stylish, modern makeover can add serious value to your home, recouping the full cost and then some. Kickstart your makeover with a trifecta of trickle-down decor: updating fixtures, swapping out tile, and slapping on a fresh coat of paint.

Outdoors Appeals

Outdoor spaces have a secret power: they can add serious value to your home. Invest in a deck, patio, or outdoor kitchen and you could see an 80% return on your investment. Anyone who values unwinding after a long day will find this particular aspect incredibly appealing.

Exterior Enhancements

A new roof can recoup up to 105% of the cost at resale, making it a worthwhile investment for homeowners. A sturdy, leak-free roof is essential for any buyer. New energy-efficient windows and insulation can also be worthwhile because of the 60-80% ROI.

Energy-Efficient Upgrades

Installing energy-efficient windows, insulation, and appliances can save homeowners money on utility bills and increase their home’s value by up to 10%. As well as 60-80% ROI if or when you decide to sell.

How a HELOC Can Help

A Home Equity Line of Credit (HELOC) is a flexible financing option that allows you to leverage your home’s equity to fund home improvements. Here’s why a HELOC might be the perfect solution for your renovation needs:

Flexibility

A HELOC provides a revolving line of credit that you can use as needed, making it ideal for funding multiple projects or covering unexpected expenses. You can borrow and repay funds based on your needs, giving you financial flexibility.

Competitive Interest Rates

HELOCs often come with lower interest rates compared to credit cards or personal loans, helping you save money on interest payments over time.

Potential Tax Benefits

In many cases, the interest paid on a HELOC may be tax-deductible. Be sure to consult with a tax professional to understand how this benefit might apply to your situation.

Get Started With Us

Investing in home improvements is a strategic way to enhance your living space and increase your property’s value. By focusing on high-ROI projects like kitchen remodels, bathroom renovations, and energy-efficient upgrades, you can make the most of your investment.

And with a HELOC from Peoples Bank & Trust, financing these improvements is more accessible and affordable than ever. Start planning your home upgrades today and watch your property value soar! 

Stop By Any of Our Branches Today

We look forward to meeting with you and discussing our loan options that best fit your needs to make your home improvement dreams come true.

Happy brown dog playing in a pumpkin patch

10 Fun Things to Do in Missouri This Fall

Fall in Missouri is a magical time, with vibrant foliage, crisp air, and a plethora of activities to enjoy. Whether you’re looking for outdoor adventures, cultural experiences, or family-friendly fun, the Show-Me State has something for everyone. Plus, with [BANK]’s credit cards and savings accounts, you can make the most of your autumn adventures without breaking the bank. Here are ten fun things to do in Missouri this fall.

1. Explore the Ozark National Scenic Riverways

The Ozark National Scenic Riverways offer stunning fall foliage and a variety of outdoor activities. Kayak down the Current River, hike through scenic trails, or simply enjoy a picnic by the water. Don’t forget to bring your camera to capture the breathtaking views.

  • River Activities: There are two main ways to float down the Current and Jacks Fork Rivers: renting equipment or bringing your own—this includes everything needed to float such as watercraft (canoes, kayaks, rafts, or tubes), paddles, and life jackets. There are several outfitters you can rent from. Make sure to check river levels to stay safe!

2. Visit a Pumpkin Patch

Pumpkin patches are a quintessential fall activity. Head to Beggs Family Farm for a day of fun, including hayrides, corn mazes, and pumpkin picking. It’s a great way to spend time with family and friends.

  • Eagle Fork Farms: This farm, located in Moscow Mills, MO, is perfect for families and those with children. They offer tons of family-friendly activities, from their corn maze to the playground, facepainting, hayrides, gem mining and much more! Learn more about Eagle Fork Farms on their website.

3. Attend a Fall Festival

Missouri hosts numerous fall festivals that celebrate the season with food, music, and crafts. The Hermann Oktoberfest is a must-visit, offering German food, wine tastings, and live entertainment. Use your [BANK] credit card to enjoy all the festivities.

4. Take a Scenic Drive

Missouri’s countryside is beautiful in the fall. Take a scenic drive through the Mark Twain National Forest or along the Great River Road to see the vibrant fall colors. It’s a relaxing way to enjoy the season. Here’s what you’ll find on the route:

  • Mark Twain Cave Complex: This cave is described in five of Mark Twain’s books, including The Adventures of Huckleberry Finn.
  • Bankhead Candies: Bankhead Chocolates in Bowling Green has been producing hand-dipped chocolates since 1919!
  • Cuivre River State Park: Located east of Troy, this park provides over 38 miles of hiking, backpacking and equestrian trails. You can plan a camping trip or go fishing and swimming!
  • Chaumette Vineyards and Winery: If you get thirsty on your route, stop here to enjoy award-winning wines and farm-to-fork dining. This elegant villa has a view of the rolling countryside for you to enjoy.
  • Mastodon State Historic Site: Home to the Kimmswick Bone Bed – this important archaeological and paleontological area was where Paleo Indians hunted mastodons during the ice age. Check out ancient artifacts and fossils as well as a full-size replica of a mastodon skeleton.
  • Rosemary Berkel and Harry L. Crisp II Museum: Located in Cape Girardeau, this museum offers rotating exhibits and educational programs.
  • Broussard’s Cajun Cuisine: Feeling hungry after all that exploring? Grab some authentic Cajun specialties as well as steaks, burgers, chicken and seafood plates.

5. Go Apple Picking

Apple picking is a fun and delicious fall activity. Visit an orchard like Liberty Apple Orchard to pick your own apples and enjoy fresh apple cider or delicious apple cider donuts, slushies and more. It’s a great way to support local farmers and enjoy the fruits of the season.

6. Explore a Haunted House

For those who love a good scare, Missouri has plenty of haunted houses to explore. The Darkness in St. Louis is one of the best, offering spine-chilling thrills and spooky fun. Use your savings account to budget for tickets and treats. Other haunted houses include:

  • The Lemp Mansion: This restaurant and inn offers haunted tours and was chosen as one of the unusual attractions to visit in the Midwest by chicagohotels.org.
  • Creepyworld: Visit this haunted scream park that features a haunted hayride, monster mansion, and more. You can even get a combo ticket with Lemp Haunted House.

7. Hike in a State Park

Missouri’s state parks are perfect for fall hiking. Weston Bend State Park offers stunning views of the Missouri River and beautiful fall foliage. Pack a picnic and enjoy a day in nature. Other beautiful state parks include:

8. Visit a Winery

Missouri’s wine country is beautiful in the fall. Visit a winery like Stone Hill Winery in Hermann for a wine tasting and tour. It’s a relaxing way to spend a fall afternoon. Other options include:

9. Attend a Football Game

Fall is football season, and Missouri has plenty of games to enjoy. Cheer on the Missouri Tigers or the Kansas City Chiefs. Use your [BANK] credit card to buy tickets and gear up for game day.

10. Enjoy a Fall Concert

Many artists tour in the fall, and Missouri has a variety of concert venues to choose from. Check out the lineup at the Starlight Theatre in Kansas City or the Fabulous Fox Theatre in St. Louis. Use your credit card to secure your tickets and enjoy a night of music.

With so many fun things to do in Missouri this fall, you’ll want to make sure you’re financially prepared. We offer credit cards with great rewards and savings accounts to help you budget for all your autumn adventures. Visit Exchange Bank of Northeast Missouri to learn more and start planning your fall activities today!

Stay Safe During Cybersecurity Awareness Month: 7 Tips for Online and In-Person Security

October is Cybersecurity Awareness Month, a time dedicated to raising awareness about the importance of staying safe in our increasingly digital world. With cyber threats evolving rapidly, it’s crucial to stay informed and take proactive steps to protect yourself both online and in-person. Here are the latest tips and best practices to help you stay secure.

1. Recognize and Report Phishing Attempts

Phishing scams are one of the most common cyber threats. These scams often come in the form of unsolicited emails or messages that appear to be from legitimate sources, asking for personal information.

  • Be cautious of unsolicited messages: If you receive an unexpected email or message asking for personal information, do not click on any links or provide any details.
  • Verify the source: Contact the organization directly using a known and trusted method to verify the request.
  • Report phishing attempts: Most email providers have options to report phishing. Use these tools to help protect others.

TIP: These emails often have a suspicious sender address, spoofed web links, suspicious attachments, and often use incorrect spelling, grammar, and layout. Often, there is a general salutation and threats or false sense of urgency.

2. Use Strong Passwords and a Password Manager

Strong passwords are your first line of defense against cyber-attacks.

  • Create strong passwords: Use a combination of uppercase and lowercase letters, numbers, and symbols. Avoid using easily guessable information like birthdays or common words.
  • Use a password manager: Password managers can generate and store complex passwords for you, making it easier to use unique passwords for each of your accounts.

TIP: Some fun ways to remember your password easily but keep it unique is by using a lyric from a song or poem, meaningful quote, address to someplace familiar, or a series of words that mean something to you.

3. Enable Multi-Factor Authentication (MFA)

Multi-Factor Authentication adds an extra layer of security by requiring more than just a password to access your accounts.

  • Enable MFA on all accounts: Especially for email, social media, and financial accounts. This significantly reduces the risk of unauthorized access.
  • Use authentication apps: Apps like Google Authenticator or Authy provide a secure way to manage MFA codes.

TIP: Be on the lookout for random verification codes you receive via text message or phone call, as this is often a scam to get you to click on a link or to reply and provide more information. If you did NOT request a verification code, do not interact with the text message or do hang up the phone call.

4. Keep Your Software Updated

Software updates often include security patches that protect against known vulnerabilities.

  • Enable automatic updates: This ensures you always have the latest security patches.
  • Regularly check for updates: If automatic updates are not available, make it a habit to check for updates regularly.

TIP: To avoid fake update scams, make sure you never download or install software updates from unknown or suspicious sources. Operating systems like Windows and Apple OS usually update automatically, but you can access the manual updates via the computer settings. Browsers typically update on their own. Keep an eye out for random pop ups that look fake or try to direct you to a malicious file or link.

5. Secure Your Devices

Physical security is just as important as digital security.

  • Use strong passwords or biometric locks: Ensure your devices are protected with strong passwords or biometric locks like fingerprints or facial recognition.
  • Be cautious in public places: Avoid using public Wi-Fi for sensitive transactions. If necessary, use a VPN to encrypt your connection.

TIP: Make sure to always lock your phone, tablet or computer before walking away from it—some devices are set to lock only after a certain period of time has passed.

6. Shop Safely Online

Online shopping is convenient but can be risky if you’re not careful.

  • Shop on secure websites: Look for “https://” in the URL and a padlock icon in the address bar.
  • Use credit cards or secure payment methods: Credit cards often offer better fraud protection than debit cards.
    • Apply for a [BANK] VISA Platinum Credit Card today! With chip card security, fraud monitoring and zero fraud liability—this card lets you earn rewards while staying safe in person and online.
  • Monitor your accounts: Regularly check your bank and credit card statements for any unauthorized transactions.

TIP: Beware amazing deals! Sometimes it is too good to be true. If you spot an ad on popular social media platforms like Facebook and Instagram that offers super low prices or offers of free stuff—be cautious, as reports of lost money from social media scams have tripled in the past year!

7. Educate Yourself and Others

Staying informed about the latest cybersecurity threats and best practices is crucial.

  • Participate in Cybersecurity Awareness Month activities: Many organizations offer free resources and events to help you learn more about staying safe online.
  • Share information: Educate your family, friends, and colleagues about the importance of cybersecurity and how they can protect themselves.

TIP: Understanding cyber threats isn’t just for the IT crowd—employees should be well-trained in cybersecurity best practices. For businesses, making cybersecurity education an annual requirement or part of the onboarding process for new employees is a good start.

By following these tips, you can help protect yourself and your loved ones from cyber threats. Remember, cybersecurity is a shared responsibility, and staying informed is the first step towards a safer digital world.

For more information and resources, visit the Cybersecurity and Infrastructure Security Agency (CISA) and the National Cybersecurity Alliance.

Stay safe and secure this Cybersecurity Awareness Month!

Person holding tablet displaying a credit score of 810 on the screen

Understanding Credit Scores: How to Improve and Maintain Yours

A good credit score is essential for securing loans, getting favorable interest rates, and even renting an apartment. Understanding how credit scores work and how to improve and maintain them can significantly impact your financial health. Here’s a comprehensive guide to help you navigate the world of credit scores.

What is a Credit Score?

A credit score is a numerical representation of your creditworthiness, based on your credit history. Lenders use this score to assess the risk of lending you money. Scores typically range from 300 to 850, with higher scores indicating better creditworthiness.

Factors That Affect Your Credit Score

Several factors contribute to your credit score:

  • Payment History: Your track record of paying bills on time.
  • Credit Utilization: The amount of credit you’re using compared to your credit limit.
  • Length of Credit History: How long you’ve had credit accounts.
  • New Credit: Recent applications for new credit.
  • Credit Mix: The variety of credit accounts you have, such as credit cards, mortgages, and loans.

Checking Your Credit Report

Regularly checking your credit report is crucial for maintaining a good credit score. You can obtain a free copy of your credit report from each of the three major credit bureaus (Equifax, Experian, and TransUnion) once a year. Review your reports for any errors or discrepancies and report them immediately.

Improving Your Score

Improving your credit score takes time and effort, but it’s achievable with these steps:

  • Pay Bills on Time: Consistently paying your bills on time is one of the most significant factors in improving your score.
  • Reduce Debt: Aim to pay down existing debt, especially high-interest credit card balances.
  • Avoid New Credit Inquiries: Limit the number of new credit applications, as each inquiry can temporarily lower your score.
  • Increase Credit Limits: If possible, request a credit limit increase to improve your credit utilization ratio.

Maintaining a Good Score

Once you’ve improved your credit score, it’s essential to maintain it:

  • Monitor Your Credit: Keep an eye on your credit reports and scores regularly.
  • Use Credit Responsibly: Continue to pay bills on time and keep credit card balances low.
  • Stay Informed: Educate yourself about credit and financial management to make informed decisions.

Common Credit Myths

There are many misconceptions about credit scores. For example, closing old accounts can hurt your score, and checking your own credit report does not affect your score. Understanding these myths can help you make better financial decisions.

  1. Myth: Checking your own credit report will lower your score.
    1. Fact: Checking your own credit report is considered a “soft inquiry” and does not affect your credit score. It’s a good practice to review your credit report regularly to ensure accuracy.
  2. Myth: Closing old credit accounts will improve your credit score.
    1. Fact: Closing old accounts can actually hurt your credit score because it reduces your overall available credit and can shorten your credit history, both of which are factors in your credit score.
  3. Myth: You only have one credit score.
    1. Fact: You have multiple credit scores, as different credit bureaus (Experian, Equifax, and TransUnion) and scoring models (FICO, VantageScore) may calculate your score differently based on the information they have.
  4. Myth: Carrying a balance on your credit card improves your credit score.
    1. Fact: Carrying a balance and paying interest does not improve your credit score. It’s better to pay off your balance in full each month to avoid interest charges and maintain a good credit score.
  5. Myth: Your income affects your credit score.
    1. Fact: Your income is not a factor in your credit score. Credit scores are based on your credit history, including payment history, amounts owed, length of credit history, new credit, and types of credit used.
  6. Myth: Paying off a debt will remove it from your credit report.
    1. Fact: Paying off a debt does not remove it from your credit report. The account will be marked as paid, but it will remain on your report for up to seven years from the date of last activity.
  7. Myth: Using a debit card will help build your credit score.
    1. Fact: Debit card usage does not impact your credit score because it is not reported to credit bureaus. Only credit accounts, such as credit cards and loans, are reported and affect your credit score.

Resources and Tools

Take advantage of tools and resources available to help manage and improve your credit scores. Many banks offer credit monitoring services and financial education resources to support your credit health.

By understanding and managing your credit score, you can unlock better financial opportunities and achieve your financial goals. Stay proactive and informed to maintain a healthy credit profile. Visit Peoples Bank & Trust today to learn more about how we can assist you in achieving your financial goals and securing a brighter financial future.

Jar full of cash labeled Emergency Fund with stack of books in the background

How to Build an Emergency Fund: 6 Tips and Strategies

In uncertain times, having an emergency fund can provide peace of mind and financial stability. An emergency fund is a savings account specifically set aside for unexpected expenses, such as medical emergencies, car repairs, or job loss. Here’s how you can start building your emergency fund and ensure you’re prepared for whatever life throws your way.

Why You Need an Emergency Fund

An emergency fund acts as a financial safety net, helping you cover unexpected expenses without resorting to high-interest debt. It can prevent financial stress and provide a sense of security, knowing you have a cushion to fall back on.

6 Tips and Strategies for Building an Emergency Fund

1. Setting a Goal

How much should you aim to save? Financial experts typically recommend having three to six months’ worth of living expenses in your emergency fund. This amount can vary based on your personal circumstances, such as job stability and monthly expenses.

2. Starting Small

If saving several months’ worth of expenses seems daunting, start small. Even setting aside a small amount each month can make a big difference over time. The key is to start now and build gradually.

3. Automating Savings

One of the easiest ways to build your emergency fund is to automate your savings. Set up automatic transfers from your checking account to your savings account. This way, you’re consistently contributing to your fund without having to think about it.

4. Cutting Unnecessary Expenses

Take a close look at your budget and identify areas where you can cut back. Reducing non-essential spending, such as dining out or subscription services, can free up money to put towards your emergency fund.

5. Using Windfalls Wisely

Whenever you receive unexpected income, such as a bonus, tax refund, or gift, consider putting a portion of it into your emergency fund. This can give your savings a significant boost.

6. Choosing the Right Account

Keep your emergency fund in a high-yield savings account. This type of account offers better interest rates than a regular savings account, helping your money grow faster while still being easily accessible when you need it.

Building an emergency fund takes time and discipline, but the peace of mind it provides is well worth the effort. Start today, and you’ll be better prepared for whatever financial challenges come your way. At Peoples Bank & Trust, we’re here to help. Learn more about our savings accounts and other services that can help you effectively build your emergency funds.

Black gloved hand holding social security hard over keyboard

My Identity Has Been Stolen. Now What?

Discovering that your identity has been stolen can be a frightening and overwhelming experience. Here are the steps you should take immediately to protect yourself and minimize the damage:

  • Contact Your Bank and Credit Card Companies: Notify your bank and any credit card companies of the theft. They can help you freeze your accounts, issue new cards, and monitor for suspicious activity.
  • Place a Fraud Alert on Your Credit Reports: Contact one of the major credit bureaus (Equifax, Experian, or TransUnion) to place a fraud alert on your credit report. This will make it harder for identity thieves to open new accounts in your name.
  • File a Report with the Federal Trade Commission (FTC): Visit the FTC’s IdentityTheft.gov website to report the theft and create a recovery plan. The FTC will provide you with a personalized recovery plan and help you track your progress.
  • Contact Local Law Enforcement: File a police report with your local law enforcement agency. This can help you document the theft and may be required by creditors or other entities.
  • Check Your Credit Reports: Obtain a copy of your credit reports from all three major credit bureaus. Review them carefully for any unauthorized accounts or transactions and report any discrepancies.
  • Change Your Passwords: Change the passwords for your online accounts, especially those related to banking, email, and social media. Use strong, unique passwords for each account.
  • Monitor Your Accounts: Keep a close eye on your bank and credit card statements, as well as your credit reports, for any signs of fraudulent activity. Consider enrolling in a credit monitoring service for added protection.


For more detailed information and resources, visit our Scam Prevention page.

Taking these steps can help you regain control and protect your financial well-being. Stay vigilant and proactive to prevent further damage.

Parents shopping in store with child

7 Ways to Save on Back-to-School Shopping

As the back-to-school season approaches, many parents and students are looking for ways to save on essential supplies. Here are seven tips to help you make the most of your budget:

  1. Create a Budget and Stick to It: Before you start shopping, determine how much you can afford to spend. Make a list of necessary items and prioritize them. This will help you avoid impulse purchases and stay within your budget.
  2. Shop Sales and Use Coupons: Keep an eye out for sales, discounts, and coupons. Many stores offer significant savings during the back-to-school season. Combine sales with coupons for even greater discounts.
  3. Buy in Bulk: For items like notebooks, pens, and pencils, consider buying in bulk. This can often be cheaper in the long run, especially if you have multiple children or can share supplies with other families.
  4. Take Advantage of Tax-Free Weekends: Many states offer tax-free weekends during the back-to-school season. Plan your shopping around these dates to save on sales tax.
  5. Use Credit Card Rewards: If you have a credit card that offers rewards, use it for your back-to-school shopping. You can earn points, cash back, or other rewards that can help offset the cost of supplies.
    1. Apply for a VISA Rewards Platinum credit card with Peoples Bank and Trust. As you shop for back-to-school supplies, get rewards points you can redeem on merchandise and travel. Enjoy fraud monitoring and zero fraud liability! Learn about the VISA Rewards Platinum today.
  6. Shop Online: Online retailers often offer competitive prices and exclusive deals. Plus, you can easily compare prices across different websites to find the best deals.
  7. Open a Savings Account: Consider opening a savings account specifically for back-to-school expenses. By setting aside a small amount each month, you can build up a fund to cover these costs without straining your budget.


By following these tips, you can make back-to-school shopping more affordable and stress-free. Happy shopping!

Figures standing around holding hands in circle

The Heart of Our Community: The Role of Local Banks

In the heartland of America, local banks are more than just financial institutions; they are the lifeblood of our communities. As we gearhead into the vibrant month of July, filled with county fairs and community gatherings, it’s the perfect time to celebrate the role of local banks in enriching our lives.

Community Growth and Prosperity

Local banks like us play a crucial role in fostering economic growth and stability:

  • By providing loans and financial services tailored to the needs of local residents and businesses, these banks help to stimulate local economies and create jobs. 
  • They understand the unique challenges and opportunities within our communities and make decisions with the local economy’s best interest at heart.

Personalized Service and Relationships

At Peoples Bank & Trust, customers are not just account numbers; they are neighbors and friends. The bank’s commitment to personalized service means understanding and meeting the financial needs of individuals and local businesses. This relationship-based banking approach ensures that financial decisions, such as granting loans, are made by considering the character and qualifications of clients, not just their credit scores.

Community Involvement and Support

Beyond financial services, local banks are deeply involved in community life. Peoples Bank & Trust actively participates in local events, such as the county fairs in July, contributing to the cultural and social fabric of our towns. Our involvement goes beyond sponsorships; employees volunteer their time and effort to support various causes and organizations, helping to make our communities better places to live.

Boosting Local Economy

By reinvesting in the community, local banks ensure that money stays within the local economy, multiplying its positive impact. This collaborative lending approach allows more businesses to thrive, which in turn supports community members and contributes to a robust local economy.

Our Commitment to You

As we partake in the joyous celebrations of the county fairs this July, we at Peoples Bank & Trust feel privileged to be a part of this wonderful community. Our involvement in local events and initiatives is not just a commitment but a heartfelt expression of our dedication to the place we call home.

So, as we enjoy the laughter and camaraderie at the fairs, let’s remember that it’s the collective spirit of our community that makes us strong. We’re here not just as your bank but as your neighbors, friends, and family, working hand in hand to create a thriving community for generations to come.

Person using financial app on their mobile phone

Venmo, PayPal, Cash App, Zelle: Comparing Popular Payment Apps

Today, peer-to-peer (P2P) payment apps have revolutionized the way we handle money, offering convenience and flexibility for users to send and receive funds with just a few taps on their smartphones. With several options available, it can be challenging to choose the right one for your needs. Let’s compare four popular payment apps: Venmo, PayPal, Cash App, and Zelle, to help you make an informed decision.

Venmo

Venmo is known for its social media integration and ease of use. It allows users to send money to friends and family with a linked bank account, debit card, or credit card. Venmo transactions are public by default, but privacy settings can be adjusted.

Pros:

  • Social feed to share payment descriptions
  • Free transfers with a linked bank account or debit card

Cons:

  • 3% fee for credit card transactions
  • Public transactions may raise privacy concerns

PayPal

As one of the oldest P2P payment services, PayPal offers extensive features beyond just sending and receiving money. It’s widely accepted for online purchases and provides buyer protection on transactions.

Pros:

  • Widely accepted for online payments
  • Buyer and fraud protection

Cons:

  • Fees for instant transfers and credit card usage
  • May freeze accounts for suspicious activity

Cash App

Cash App started as a simple P2P payment service but has evolved into a broader financial platform, offering banking services, stock trading, and even Bitcoin purchasing.

Pros:

  • Ability to invest in stocks and Bitcoin
  • Banking services with a Visa debit card

Cons:

  • 3% fee for credit card payments
  • Instant withdrawal fees of up to 1.75%

Zelle

Zelle stands out for its integration with bank accounts, allowing users to send money directly to someone else’s bank account without needing the app, provided their bank supports Zelle.

Pros:

  • Instant transfers between bank accounts
  • No fees for using the service

Cons:

  • Limited to the U.S.
  • No option to cancel payments once sent

Comparison Chart

Here’s a quick comparison chart to summarize the key features of each app:

FeatureVenmoPayPalCash AppZelle
Fees3% CCVaried3% CCNone
InvestmentNoNoYesNo
Instant TransfersYesYesYesYes
InternationalNoYesNoNo
Social FeaturesYesNoNoNo
(CC = Credit Card)

We hope this comparison helps you choose the right payment app for your needs. Remember to consider the fees, features, and the financial habits of your friends and family when making your choice.

Easily send your friends and family money through our app by enrolling in Zelle! Simply log into our app, select “Transfer and Pay,” then “Send money with Zelle,” and you’ll be on your way to sending and receiving money easily, quickly and securely! Learn more about it here.