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Issue 14
OMB Connections
October 2016
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Getting Down to Business                                  
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Old Mission Bank Sponsor's "How to Buy or Sell a Business"
On Thursday, October 27, 2016, Old Mission Bank is a lead sponsor of the Michigan Small Business Development Center's (SBDC) "How to Buy or Sell a Business" seminar. The seminar is focused on educating business owners and others on how to make a smart buying or selling decision. Guest speakers will include legal, accounting, and business valuation professionals. Additionally, Old Mission Bank will be making a presentation on financing options for a business acquisition.

The seminar is located at the Michigan SBDC Smart Zone building, 2345 Meridian Street, Sault Ste. Marie, MI 49783, beginning at 8:00AM and lasting until approximately 1:00PM. Breakfast will be served and is included in the $25.00 workshop fee. Registration is required and can be completed online at www.sbdcmichigan.org/UPBuySell or by phone at 616-331-7480. Veterans' registration is free with proof of military service. We hope to see you there!

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Old Mission Bank Recognized as Top SBA Business Lender in U.P.
Old Mission Bank is proud to announce it is the Upper Peninsula's Top Small Business Administration (SBA) 7(a) lender by volume for the SBA's fiscal year ended September 30, 2016. SBA guarantees are a valuable tool and allow Old Mission Bank to make loans to local businesses that may not be able to obtain conventional financing. This accomplishment further solidifies Old Mission Bank as a leading business lender in the Eastern Upper Peninsula.
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October is Cyber Security Awareness Month
During the month of October, we have been celebrating Cyber Security Awareness Month by providing materials for businesses and families that are available in our lobby and links to Cyber Security Awareness sites on our website and online banking. Some of the resources we have available include Start with Security: A Guide for Business and Net Cetera: Chatting with Kids about Being Online. If you are interested in these materials, they will continue to be available at both of our branches while supplies last, or for additional information on Cyber Security visit https://staysafeonline.org.

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Unauthorized Transactions: What to Do if it Happens to You
According to the Identity Theft Resource Center (ITRC), there were 781 data breaches in 2015 in the U.S. alone. This means the likelihood that you may experience fraud on your account or debit card is pretty high. The good news is there are steps you can take to help combat fraud and steps you can take if you experience fraud on your accounts.

Old Mission Bank offers OMB Alerts, a free service that will give you real time text or e-mail notifications for debit card activity. This is a helpful tool in detecting fraud early, stopping it in its tracks, and greatly reducing potential financial loss. We also offer 24/7 online banking to review account activity. For additional information on either of these products, please visit www.oldmissionbank.com/other-services.

What steps should you take if you suspect an unauthorized transaction?
  • Cancel your debit/credit card as soon as possible to stop any additional fraud. To cancel your Old Mission Bank debit card, you can call either one of our branches during business hours or call 1-800-236-2442 outside of business hours.
  • Call your financial institution as soon as the unauthorized transaction is detected. There are time limits on how long you have to dispute a fraudulent transaction.
Old Mission Bank can help you through the process of disputing a transaction and recovering your funds. For more information on safeguarding your personal and financial information, visit www.oldmissionbank.com/fraud-center or the ITRC at www.idtheftcenter.org.

Bank and Employee Community Involvement
United Way Chili Cookoff
Each year, Old Mission Bank participates in the United Way's Chili Cookoff. This year, OMB staff will be present to count team votes at the end of the night. The cookoff will be held Thursday, November 10th from 4 - 7PM at the LSSU Norris Center gym (650 W. Easterday Ave., Sault Ste. Marie, MI 49783). 

Admission is as follows: Kids 0-5 FREE, Kids 6-12 $3.00, LSSU Students $3.00, and Ages 13 and UP $6.00. Veterans are FREE with identification. 

 

 

christmas-present-boy.jpg Christmas Adopt-A-Family
Have you noticed that since August, Old Mission Bank employees have been dressed down on alternating Wednesdays? For those of you who are not familiar with this trend, we are raising money for our Adopt-A-Family program. Every other Wednesday, employees have the opportunity to pay $5 to wear jeans. For the past 7 years, we have raised enough money to assist two families during the holidays each year. We use the funds collected to provide the families with food, toys, grocery cards, clothing, household items, etc. 

Old Mission Bank employees donate year round to a number of charities. So, when you see us in jeans...you know we are doing it for our community!
In This Issue
Government Imposters Target Commercial Truck Owners 
Article by Amy Hebert, FTC
What's one kind of scam targeting you and everyone you know? Imposter scams. They happen when scammers pretend to be a person, business, or government agency you trust, then try to convince you to send money. One of their latest targets: people who own tractor-trailer trucks and other commercial vehicles.

According to the FTC's lawsuit filed earlier this month, a company calling itself the DOT Authority led commercial truck owners to believe they were dealing with the real U.S. Department of Transportation or another government agency. The reason? DOT Authority tricked them into paying extra service fees for help filing their federal and state motor carrier registrations. DOT Authority used robocalls, e-mails, and text messages to scare people into believing that if they didn't pay the DOT Authority, they faced a $1,000 fine. Most of the people targeted owned small family businesses with only a few employees and fewer than five trucks. 

Owners that paid the DOT Authority--instead of renewing their registration through the official Unified Carrier Registration website--did get their registration renewed, but they paid up to $550 more than the official government fee to do it.

That wasn't all.  Click here to continue reading.
Halloween Facts

Because the movie Halloween (1978) was on such a tight budget, they had to use the cheapest mask they could find for the character Michael Myers, which turned out to be a William Shatner Star Trek mask. Shatner didn't know the mask was in his likeness, but when he found out years later, he said he was honored.

The first Jack O Lanterns were actually made from turnips.

Halloween is the second highest grossing commercial holiday after Christmas.

The owl is a popular Halloween image. In Medieval Europe, owls were thought to be witches, and to hear an owl's call meant someone was about to die.

Ireland is typically believed to be the birthplace of Halloween.

Scottish girls believed they could see images of their future husband if they hung wet sheets in front of the fire on Halloween. Other girls believed they would see their boyfriend's faces if they looked into mirrors while walking downstairs at midnight on Halloween.

 

The largest pumpkin ever measured was grown by Norm Craven, who broke the world record in 1993 with a 836lb. pumpkin.

 

According to tradition, if a person wears his or her clothes inside out and then walks backwards on Halloween, he or she will see a witch at midnight.

  
  
  

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