Banker's Toolbox Announces — ACQUISITION OF LOAN LOSS RESERVE POWERHOUSE, MAINSTREET TECHNOLOGIES
Banker's Toolbox, Inc., leaders in compliance solutions for financial institutions, announced the acquisition of Georgia-based MainStreet Technologies (MST). MST is an industry leader in the loan risk management space. This acquisition adds to a strong and growing portfolio of compliance-related solutions and will continue to enhance the value Banker's Toolbox brings to both their customers and the industry. (Read full press release here.)
Counterfeit cashier's check alert
The OCC has posted an alert warning of counterfeit cashier’s checks of Farmers & Merchant’s National Bank, Nashville, Illinois. The bank reported at least four variations of counterfeit checks are in circulation using the bank’s routing number and are being presented for payment nationwide in connection with a variety of online auction and job opportunity scams. For details, see BankersOnline's Alerts and Counterfeits listing.