Protecting Yourself from Scams March 31, 2020
Scammers are taking advantage of fears surrounding the Coronavirus. Here are some tips to help you keep the scammers at bay:
- Hang up on robocalls. Don’t press any numbers. Scammers are using illegal robocalls to pitch everything from scam Coronavirus treatments to work-at-home schemes. The recording might say that pressing a number will let you speak to a live operator or remove you from their call list, but it might lead to more robocalls, instead.
- Ignore online offers for vaccinations and home test kits. There currently are no vaccines, pills, potions, lotions, lozenges or other prescription or over-the-counter products available to treat or cure Coronavirus disease 2019 (COVID-19) — online or in stores. At this time, there also are no FDA-authorized home test kits for the Coronavirus. Visit the FDA to learn more.
- Fact-check information. Scammers, and sometimes well-meaning people, share information that hasn’t been verified. Before you pass on any messages, contact trusted sources. Visit What the U.S. Government is Doing for links to federal, state and local government agencies.
- Know who you’re buying from. Online sellers may claim to have in-demand products, like cleaning, household, and health and medical supplies when, in fact, they don’t.
- Don’t respond to texts and emails about checks from the government. The details are still being worked out. Anyone who tells you they can get you the money now is a scammer.
- Don’t click on links from sources you don’t know. They could download viruses onto your computer or device.
- Watch for emails claiming to be from the Centers for Disease Control and Prevention (CDC) or experts saying they have information about the virus. For the most up-to-date information about the Coronavirus, visit the Centers for Disease Control and Prevention (CDC) and the World Health Organization (WHO).
- Do your homework when it comes to donations, whether through charities or crowdfunding sites. Don’t let anyone rush you into making a donation. If someone wants donations in cash, by gift card, or by wiring money, don’t do it.
COVID-19 Response & Updates:
Learn the Latest Here.
Grappling with the Coronavirus March 30, 2020
In your investing lifetime, you may only see a situation like the recent novel coronavirus (COVID-19) a few times. This is a circumstance where complete candor is necessary. The truth is that we can’t yet gauge the full economic impact, and by the time we can, the volatility may have passed.
It’s important to remember that, in terms of market declines, the recent drop isn’t unprecedented. In fact, in the last six day-to-day declines of 3% or greater, the market rebounded higher a month later. Past performance is no indication of future returns, and it’s uncertain whether history is a good teacher in this instance.¹
Markets Have the Virus
Right now, markets are reacting to the news because the outcome is unknown. In a way, COVID-19 has “infected” markets all around the world. In times of market uncertainty, some traders believe the best approach is to sell. Fear is driving decisions. Nobody would blame you if this uncertainty gave you a bit of anxiety, as well.
You Don’t Buy Snow Tires in a Blizzard
By working together to develop an investment strategy that fits your risk tolerance, time horizon, and goals, we have been preparing to weather turbulence. When a blizzard hits, the people who already own snow tires are usually happier than those venturing out into the cold, hoping they’re still in stock. In the same way, it’s generally best to make decisions during periods of low market volatility. We’re in the middle of the storm right now.
Here to Support You
This may be the time you need a trusted financial professional most. During most volatility, we advise you to “stay the course,” and that generally proves to be the best course of action. In times like this, however, it’s easy to question conventional wisdom. Remember, we are here to help you and your family during this time. Whatever decisions you make, please allow us to support you through them. Feel free to reach out to us with any questions or concerns.
1. wstreet.com, February 27, 2020
Customer Announcement: COVID-19 Readiness March 13, 2020
Like businesses and families throughout the state and nation, the team at Forward is constantly monitoring the developing situation with COVID-19. The center of all our decisions will be the safety of our customers and employees.
Forward has a comprehensive plan in place to ensure banking operations continue with as little disruption as possible. We’ve been working with our vendors, reviewing staff needs, and putting contingency plans in place. These include remote access capabilities, alternate work locations for employees, and continuity plans for critical operations if needed.
Branch Access and Safety
We are making every effort to maintain regular operations throughout our network of locations. To maintain a safe environment for our customers to conduct their transactions, we have implemented additional cleaning and sanitizing procedures for all areas of our facilities. Our staff is well educated on what to look for with COVID-19 and is encouraged to stay at home if they or family members are ill to prevent the spread to colleagues or customers.
Additional Access to Accounts
To access your accounts without going inside your local office:
- Try our deposit accepting ATMs in Colby, Marshfield, Medford and Thorp.
- Download our mobile app or enroll in online banking so you can:
- Check balances
- Transfer funds
- Pay bills
- Send person-to-person payments
- Deposit checks via the mobile app
- Call in to our voice banking system at 800-671-0942
If you haven’t downloaded our mobile app or enrolled in online banking,
Enroll Now or Download the App
Use the links or simply search either store for FORWARD BANK MOBILE.
Updates and Additional Information
We will be updating our website with any new information as it becomes available. If there are changes to account access or branch hours of operations, we will update the website and will notify customers via email and through our voice banking system.
The Board of Directors of Forward Bank voted to approve the promotion of Dave Clark to President at their February meeting.
Clark joined the Forward Family in 2010 as a SVP / Commercial Lender. In 2016, he assumed the role of Executive Vice President leading the team of Commercial and Mortgage Lenders, Loan Operations, Forward Insurance, and Retail Banking.
As President, Clark will focus on the broad operations of Forward Bank including strategic planning and guidance, oversight for most customer-facing areas of the bank, supervision of the Insurance and Investment divisions and serve as a liaison with the Board of Directors. He would also lead the non-customer facing areas of the bank including: Credit Analysis, Loan Operations, Marketing, and Project Development.
Bill Sennholz will continue in his role as the CEO of Forward Bank now focusing on community and industry outreach.
“Dave has played a vital role in setting the direction for growth over the past few years,” said Bill Sennholz, CEO of Forward Bank. “He has developed a strong team in the commercial, mortgage, and retail areas that help drive the success of our organization. The strategies and energy that he brings to the leadership team will set a very positive course for the future of Forward.”
Forward Bank hosted a 9-Hole Snowshoe Run/Walk at Meadowview Golf Course in Owen on Saturday, February 8th. The event drew participants from all over the state and raised a total of $2,300 for Clark County United Way. 44 individuals took on the 9-Hole Snowshoe Run/Walk and many others showed up for the raffle drawings and good company.
“We had a great time hosting this first-time event,” said Sara Blume, Office Manager of Forward Bank in Withee. “We were happy to have as many participants as we did. Families and friends were able to get together, enjoy the weather and raise funds for a great community organization. We hope to continue this event going forward.”
Clark County United Way provides grants/funding to local non-profit programs and services. Most communities estimate that 20% of their residents are served by a United Way funded agency or program each year.
Photo (left to right): Sierra Jones, Darlene Zschernitz, Kris Schmidt, Mary Kay Mills, Sara Blume