Issue 15
OMB Connections
January 2017
Getting Down to Business                                  
Thinking of a Remodel?
With the Holidays behind us and the dog days of winter ahead, now is the perfect time to complete that kitchen or bath remodel you've been dreaming of. What better way to fund it than with a Home Equity Loan from Old Mission Bank? Home Equity Loans are usually secured by a second mortgage on your residence and are offered as both Home Equity Loans (HEL) and Home Equity Lines of Credit (HELOC).
Old Mission's Home Equity Loan provides lump sum proceeds at the time of closing and typically requires a fixed monthly principal and interest payment based on a ten year payout.
Home Equity Lines of Credit are revolving accounts where you can access your funds by simply writing checks. HELOC's require a minimum monthly payment of interest on the outstanding balance and typically have a five year maturity.
An added bonus is both HELs and HELOCs may be tax deductible but it is a best practice to consult with your accountant.
Don't wait! Come see one of our knowledgeable lenders at Old Mission Bank or complete an application online at OMBLOANS.com and start that project today!
With what seems like a new data breach being announced every week, it's hard to feel safe in this digital world. Did you know that Old Mission Bank supplies a free* service called OMB Alerts that can notify you when your Old Mission Bank debit card is being used? This tool can help you detect debit card fraud early, stop it in its tracks and greatly reduce potential financial loss. If you are interested in more information on this free* service, click here.

*Standard messaging rates may apply.
IRS, Partners Urge Strong Passwords Help Protect Identities at Tax Time and Beyond
The Internal Revenue Service and its partners, in the fight against identity theft, urge computer users to strengthen their passwords.

glass_detective_code.jpgThe password serves as the first line of defense to stop hackers and identity thieves from a ccessing your computer, mobile phone and other internet-accessible devices.

The IRS, state tax agencies and the tax professional industry are asking for your help in their effort to combat identity theft and fraudulent tax returns. Working in partnership with you, we can make a difference.

That's why we launched a public awareness campaign that we call Taxes. Security. Together. We've also launched a series of security awareness tips that can help protect you from cybercriminals.

Here are a few basic steps to making passwords better and stronger:

1. Add password protections to all devices. You should use a password to protect any device that gives you that opportunity. Not only your computer, tablet or mobile phone, but also your wireless network. The password is your first line of defense.

2. Change all factory password settings. If your device comes with factory password settings, for example the camera on your laptop, change it immediately.

3. Longer is better. A password should be a minimum of eight digits but 10 to 12 is even better. It should be a combination of upper case and lower case letters, numbers and special characters. Do not use your name or birthdate.

4. Do not repeat passwords. These days, people often have multiple password-protected accounts. Do not use the same password repeatedly. Should a thief steal your password, he immediately will have access to other important accounts. Use different passwords, especially on important financial or tax accounts.

5. Use two-factor authentication options. Many social media and financial institutions now give you the option of setting up a two-factor or two-step authentication process. A two-factor process involves a security code being sent to your registered mobile phone. This means if a thief manages to steal your username and password, he will be blocked from accessing your accounts.

6. Consider a password manager. One option for keeping track of your passwords on multiple accounts and getting help in creating strong passwords is to use a password manager. Some reputable companies offer free or low-cost versions of their products. See if a password manager might be right for you.

The IRS, state tax agencies and the tax industry joined at the Security Summit to enact a series of initiatives to help protect you from tax-related identity theft in 2017. You can help by taking these basic steps.

To learn additional steps you can take to protect your personal and financial data, visit Taxes. Security. Together. Also read Publication 4524, Security Awareness for Taxpayers.

Bank and Employee Community Involvement
Giving Back to the Community
At Old Mission Bank "Giving Back" to the community is a commitment that we believe is an important part of our business. As a Community Bank it is our role to support various organizations and projects that promote our communities as better places to live and prosper. Our support comes in two forms, as an organization and employees we donate countless volunteer hours as well as provide generous financial support to worthy causes and projects. One example is our donation to the Lake Superior State University South Hall Project which will be fully functioning very soon.

Old Mission Bank has contributed annually to non-profit organizations that impact our communities as well. Hospice House is one such organization that serves the terminally ill. Engraved paving bricks in memory and tribute to family and friends are sold and placed in the home's Friendship Garden.

Since the first days of operation, Old Mission Bank has also supported local schools, non-profit and other community organizations. Lastly, Old Mission Bank, together with its employees, can be counted on each year to support the United Way campaign with 100% employee participation. To date, our employees have given over $88,000 to this worthwhile organization. "Friday Dress Down Days" have raised another $10,000 to be distributed to local charities and organizations.

Monetary donations are just one example of what Old Mission Bank's Board of Directors, Officers, and employees do. Don't be surprised to see them volunteering in the community or providing their expertise by serving on a non-profit Board. It is all simply part of the "Giving Back" environment at Old Mission Bank.
In This Issue
Employee of the Quarter
Katie, Administration

Katie has been part of the Old Mission Bank team for nearly 6 years with her career beginning in the customer service area, transitioning to the Information Technology Department, and finally moving to the Administration area as the Assistant to the President and CEO of the company.


Outside of work, Katie volunteers on the Bruce Township Fire Department where she was recently promoted to Sergeant. She has been an active firefighter for 7 years and holds state certifications in Fire Fighter I and II, Hazmat Operations, and Emergency CPR/First Aid. She also holds certificates in Rapid Extrication, Advanced Vehicle Stabilization and Rapid Intervention.


In her spare time, Katie enjoys spending time with family, friends, and her pets.  

This Month in History

1502-Portuguese explorers landed at Guanabara Bay on the coast of South America and named it Rio de Janeiro (River of January). Rio de Janeiro is currently Brazil's second largest city.


1714-A patent was issued for the first typewriter designed by British inventor Henry Mill "for the impressing or transcribing of letters singly or progressively one after another, as in writing."


1776-During the American Revolution, George Washington unveiled the Grand Union Flag, the first national flag in America.


1892-Ellis Island in New York Harbor opened. Over 20 million new arrivals to America were processed until its closing in 1954.


1915-During World War I, the British Battleship Formidable was hit by a torpedo in the English Channel, killing 547 crewmen.


1924-British Egyptologist Howard Carter found the sarcophagus of Tutankhamen in the Valley of the Kings near Luxor after several years of searching.


1942-During World War II in the Pacific, the Japanese captured the Philippines capital of Manila and nearby air base at Cavite.


1959-Fidel Castro seized power in Cuba after leading a revolution that drove out Dictator Fulgencio Batista. Castro then established a Communist dictatorship.


1972-President Richard Nixon signed a bill approving $5.5 billion over six years to build and test the NASA space shuttle.


1987-The Dow Jones industrial average first topped the 2,000 mark.


1991-Congress authorized President George Bush to use military force against Iraq following its invasion of Kuwait.


1999-The first presidential impeachment trial in 130 years began as members of the US Senate were sworn in by Supreme Court Chief Justice William Rehnquist to decide whether President Clinton should be removed from office.


Old Mission Bank
2701 I-75 Business Spur
Sault Ste. Marie MI 49783
Main Office: (906) 635-9910
Pickford Branch: (906) 647-9910