Mission Valley Bank News

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GUIDE TO PLANNING IN 2016

GUIDE TO PLANNING IN 2016

by Tamara Gurney, President & CEO

As 2016 quickly approaches, a common New Year’s resolution is to take control of your finances. This year, resolve to plan ahead. First things first – if you haven’t already, consider making the switch to an independent, community business bank to take advantage of the services of a Trusted Advisor who can assist and advise every step of the way, any day, all year long.

To stay on track with your resolution, here are a few simple steps that I have learned from one of my own Trusted Advisors – Darlynn Morgan (President of the Morgan Law Group). Simple steps to take each month that will allow you to achieve your goals at year’s end. Divide your financial planning …

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Mission Valley Bank Offers PayForward Prepaid Visa® Debit Card

Mission Valley Bank Offers PayForward Prepaid Visa® Debit Card

As a community-based bank, Mission Valley is always seeking new and innovative ways to help our clients and community reach their financial goals. Because of our shared commitment to providing added value to customer relationships, we are introducing the Mission Valley Bank PayForward prepaid Visa® debit card to customers.

The card rebates users up to 15% cash back at over 100 participating merchants in the Santa Clarita Valley. Members have the option to spend their cash instantly or transfer it to a charitable cause,  personal savings, another bank account or even friends.

“PayForward serves as a platform for consumers to easily fund life’s priorities whether that is saving for vacations, contributing to charities or funding retirement and healthcare,” said Armando Rand, president and co-founder of …

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Tips for Using Credit Bureaus to Help Protect Your Financial Accounts

Tips for Using Credit Bureaus to Help Protect Your Financial Accounts

IRS Security Awareness Tax Tip, December 28, 2015

If you believe you are a victim of identity theft, you should contact one of the three major credit bureaus to place a “fraud alert” on your credit account.

This critically important step makes it harder for identity thieves to open additional financial accounts, such as a bank account, in your name. This helps prevent identity thieves from directing fraudulent tax refunds into bank accounts they created or opening additional credit cards in your name.

The IRS has teamed up with state revenue departments and the tax industry to make sure you understand the dangers to your personal and financial data. Taxes. Security. Together. Working in partnership with you, we can make a difference. …

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Boost Morale — and Your Bottom Line

Boost Morale — and Your Bottom Line

It may sound cliché, but a happy workplace is a productive workplace. It comes as no surprise that employees who enjoy their jobs will work harder, ultimately impacting a business where it matters most — the bottom line.

Of course, one of the best ways to boost morale is to provide financial compensation. However, for many companies operating in today's competitive business climate, that's not possible. Rest assured, however, there are some easy ways to give your employees a lift without significantly lifting your expenses:…

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Don’t Miss Our November 10th Seminar Cyber Security: Protecting Your Business

Don’t Miss Our November 10th Seminar Cyber Security:  Protecting Your Business

Join Mission Valley Bank for a Complimentary Breakfast Seminar at Angeles National Golf Club on Tuesday November 10th – CYBER SECURITY: PROTECTING YOUR BUSINESS.  Presented by industry experts; Michael Little, Partner, Poole & Shaffery with expertise in Cyber Security, Data Breach Response and Internet Privacy, as well as Howard Miller VP / Director of L/B/W Insurance and Financial Services Tech Secure Division.  Howard specializes in risk solutions for the Technology Sector.

During this dynamic executive briefing designed specifically for Business Owners & Managers, you’ll learn how a data breach or cyber-crime incident can affect your business AND YOUR BANK ACCOUNTS, as well as the steps you can take to PROTECT, MITIGATE and RECOVER.

Seating is limited and an RSVP is required.  …

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Safeguarding Your Business: Cyber Security

Safeguarding Your Business: Cyber Security

Small businesses are frequent targets of criminal attacks and hostile threats to systems, according to the National Institute of Standards and Technology. Owners face serious challenges in protecting their business information, as well as safeguarding their clients and employees privacy. As small businesses become increasingly dependent on online tools for day-to-day operations, protecting confidential information in cyberspace is crucial.

Cybercriminals target small businesses with sophisticated attacks. Criminals use spoofed emails, malicious software and online social networks to obtain login credentials to businesses’ accounts, transfer funds from the accounts and steal private information.…

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In honor of Halloween…A Morbidly Scary Scam…

In honor of Halloween…A Morbidly Scary Scam…

By now you are used to seeing (and hopefully identifying) spam and phishing emails in your inbox, but cunning cyber criminals are constantly coming up with new and innovative ways to find victims. Because so much more of our personal data is available online, and we share so much more about our personal lives via Facebook, Twitter, etc…Cyber Criminals have a greater ability to pinpoint their targets. This means that Cyber Criminals can directly target YOU or someone you know – because they have information specifically relating to personal events.  READ MORE

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MISSION VALLEY BANCORP REPORTS RECORD THIRD QUARTER EARNINGS

MISSION VALLEY BANCORP REPORTS RECORD THIRD QUARTER EARNINGS

2015 is proving to be a strong year for Mission Valley Bancorp and Bank. We have achieved 3 record setting quarters, most recently closing the books for September with net income of $1,753,000 – a 71% increase over the $1,025,000 reported at September 30, 2014. Net interest income reached $8.85 million at quarter end as compared to $8.36 million reported September 30, 2014, a 5.9% increase year over year.  Interest expense declined to $427,000 through September of 2015 from $498,000 for the same period in 2014 – an improvement of more than 14%. Non-interest income grew to $2.2 million at September 30, 2015 as compared to $2.04 million for the same period in 2014, up more than 8%. Rounding out the 3rd quarter, total …

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Credit Card Technology is Changing. Are You Ready?

Credit Card Technology is Changing.  Are You Ready?

By Cameron Brown / VP Merchant Services Mission Valley Bank

Is your business' merchant processing system EMV (Europay, MasterCard, VISA) ready? To begin, it's important to understand the specifics of this Euro-based bankcard technology that has been in place in Europe for well over a decade. Unlike current credit and debit cards in the United States that utilize a standard magnetic strip on the back of the card to house all customer information, EMV utilizes a small chip inlay on the front of the card. Such technology drastically reduces bankcard fraud, chargebacks, and questionable purchases as the "smart chip" technology relies on integrated circuits within the chip to transmit and store consumers’ valuable personal information.…

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Here’s a Quick Summer Tip!

Here’s a Quick Summer Tip!

Recently we had a neighbor leave a quick note in our mailbox letting us know that they would be travelling for 10 days. They shared their cellphone number and also let us know that they would have a house sitter (even that the house sitter drove a white car). While I thought it was a smart thing to do, I stuck the note on the fridge and promptly forgot about it until about four days later…

Coming in from work one evening I saw a respectable stream of water coming from the same neighbor’s driveway. A quick glance told me it was rolling out from under the garage door. There was no white car (house sitter) and no answer at the door. Because they had …

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Safeguarding Your Business: Cyber Security

Safeguarding Your Business:  Cyber Security

By Marianne Cederlind – SVP / Mission Valley Bank

Small businesses are frequent targets of criminal attacks and hostile threats to systems, according to the National Institute of Standards and Technology. Owners face serious challenges in protecting their business information, as well as safeguarding their clients and employees privacy. As small businesses become increasingly dependent on online tools for day-to-day operations, protecting confidential information in cyberspace is crucial.

Cybercriminals target small businesses with sophisticated attacks. Criminals use spoofed emails, malicious software and online social networks to obtain login credentials to businesses’ accounts, transfer funds from the accounts and steal private information.

Fraud with increased sophistication like corporate account takeovers are on the rise. This type of fraud is where thieves gain access to a business’ …

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Tips for Bank Customers from the FDIC Consumer News

Tips for Bank Customers from the FDIC Consumer News

Safeguard your smartphone, tablet and similar mobile devices, especially when using them for banking or shopping. Reduce your risk of downloading "apps" (applications) that contain malware by using well-known app stores, such as those established by your phone manufacturer or cellular service provider, or from the official Web site of the bank.

Also, to ensure that you have the latest fixes to software problems affecting mobile devices, opt for automatic updates for your operating system and apps or manually download updates as soon as you receive notice that they are available. Some banks provide customers with anti-malware software that can be loaded on a smartphone. You can also purchase the software from a reputable vendor. And, don't leave your mobile device unattended. In case …

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