Bank of the West Supports Protecting Seniors From Financial Scams, Elder Abuse

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Bank of the West Supports Protecting Seniors From Financial Scams, Elder Abuse

Bank of the West continues its commitment to helping seniors and their families and friends be aware of how to identify and avoid financial scams targeting the elderly.

  Bank of the West Head of Corporate Security Investigations Steve Vallejo (left) interviews  with Consumer Reporter Ric Romero from KABC-TV in Los Angeles, for a news segment  on how to avoid common scams targeting seniors.

Bank of the West Head of Corporate Security Investigations Steve Vallejo (left) interviews with Consumer Reporter Ric Romero from KABC-TV in Los Angeles, for a news segment on how to avoid common scams targeting seniors.

This summer, the Bank will sponsor Elder Financial Abuse Prevention seminars in collaboration with the Elder Financial Protection Network (EFPN) and through B’nai B’rith’s Affordable Senior Housing program, featuring speakers from adult protective services, local law enforcement, and the Bank’s own Corporate Security.

“Financial institutions can play an important role in helping to protect vulnerable elder and dependent adults from potentially devastating losses,” said Steve Vallejo, head of Corporate Security Investigations at Bank of the West and EFPN board member. “Bank of the West has been a long-time supporter of financial elder abuse awareness. With our continued education and outreach, we’re optimistic that we’re making a positive difference in our communities.”

Education and awareness are the key components of the Bank’s outreach program. During its 10-year partnership with EFPN, the Bank created and launched a community awareness program “Be Aware, Protect Your Assets,” a workshop for seniors, their family members and caregivers, on how to protect against identity theft, check scams, and other forms of financial fraud. Bank of the West’s Community Affairs and Corporate Security Departments also collaborate year round on public speaking opportunities and media interviews as ways to increase public awareness on this important topic.

Congratulations Bank of the West!