COVID-19
April 17, 2020
KEEP CALM
&
Avoid Coronavirus Scams:
Here are 5 things you can do to avoid a Coronavirus Scam
1. Ignore offers for vaccinations and home test kits.
Scammers are selling products to treat or prevent COVID-19 without proof that they work.
2. Hang up on robocalls.
Scammers using illegal sales calls to get your money and your personal information.
3. Watch out for phishing emails and text messages.
Don't click on links in emails or texts you didn't expect.
4. Research before you donate.
Don't let anyone rush you into making a donation. Get tips on donating wisely at ftc.gov/charity.
5. Stay in the know.
Go to ftc.gov/coronavirus for the latest information on scams. Sign up to get FTC's alerts at ftc.gov/subscribe.
Federal Trade Commission
April 9, 2020
Understanding Cash During the Coronavirus Outbreak:
1. CASH IS VULNERABLE
Your funds in bank accounts are much safer than keeping cash under the mattress or in your pocket.
2. CASH IS NOT REQUIRED
With so many secure ways to access your accounts and to pay bills and shop, there's almost no reason you'll need extra cash.
3. CASH MAKES YOU A POTENTIAL VICTIM
If you have told anyone that you withdrew a large sum of cash, they may have told someone else. That places you are risk for being a victim of a crime, which can place you in harm's way.
4 CASH DOES NOT HAVE YOUR ID
Stolen cash, even if recovered by the police, does not carry an ID number that associates it with you. Your bank accounts do. Even if your credit cards are misappropriated, you can recover funds!
5. CASH IS, WELL, KIND OF DIRTY
The Center for Disease Control and Prevention recommends always washing hands thoroughly after handling cash because you never know where it's been!
6. YOUR CASH IS SAFE
Your funds in bank accounts are federally insured by $250,000.
7. CASH WILL BE AVAILABLE
The U.S. Treasurer has already determined that banks are essential service providers.
You will have access whenever you need it. We are your bank and we are here for you!
North Dakota Banks Association & the Independent Community Banks of North Dakota
March 26, 2020
Your Money is Safest at the Bank:
COVID-19 is causing many concerns. One thing you can count on is the safety of your money in the bank.
1. You have continued access to your funds and bank services.
You have access to your funds through in-person services and electronic tools, such as KodaMobile and Online Banking.
2. Your money is safe, secure, and insured.
The FDIC insures individual bank deposits for up to $250,000. No consumer has lost a single penny in the history of this insurance fund.
3. Your bank is prepared.
Banks are prepared for situations like a pandemic, with tested and proven business continuity plans and procedures.
4. Your bank is looking out for you, your family, and your business.
North Dakota's banks are working with customers and providing assistance. Bankers are also helping their customers apply for grants and federal assistance, such as the SBA program.
5. Your banker is listening and ready to act.
Reach out to your banker with any concerns. North Dakota's banking industry is strong and ready to help.
North Dakota Banks Association & the Independent Community Banks of North Dakota
March 19, 2020
Update: Keeping our customers and staff healthy is our #1 priority! Therefore, effective Monday, March 23rd KodaBank will temporarily close all lobbies. Business can still be conducted through our drive-ups, by phone, or by appointment. Our locations will remain fully staffed to serve your banking needs. Branches with no drive-up will service customers via phone or by appointment. Please remember to BANK SAFELY by using our drive-ups, Online Banking, and KodaMobile!
March 16, 2020
Serving our customers is our highest priority. As concerns develop and evolve with COVID-19 (the novel coronavirus), we are closely monitoring the situation and its potential impact on our operations. Be assured, we have plans in place to continue serving our customers should the situation worsen. KodaBank maintains a robust business continuity program, including a pandemic plan.
As part of this program, staff from all KodaBank branches are monitoring the circumstances closely to stay on top of the situation. This process helps us assess current conditions and the need to implement portions of our plans to assure preparedness to meet the financial needs of our customers.
The health and well-being of our customers, employees and community are vitally important to us. Our goal is to remain open at all KodaBank locations. We have emphasized to our employees the importance of staying home if they are sick, have household members who are sick, or know they have been exposed to someone who has recently been experiencing symptoms of COVID-19. Please refer to the following alternative ways to BANK SAFELY!
Thank you for your sustained support and confidence in us. We will continue to provide you with updates if conditions change, but please feel free to contact your local branch office if you have any questions or concerns.
Sincerely,
Peter Anderson
President
KodaBank