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In The News
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Executive National Bank Announces New Senior Vice President
Miami, FL December 27, 2011 – Carlos A. Safie is proud to announce the newest addition to the Executive National Bank management team, Senior Vice President Andrew D. Wallace. SVP Wallace will preside over Vendor Management and eBanking. “Andrew is a great addition to our management team. His experience in emerging technologies and vendor management will help advance our bank’s strategic goals..." Read More
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Miami, FL December 21, 2011 - "The Federal Deposit Insurance Corporation (FDIC) has received numerous reports of a fraudulent e-mail that has the appearance of being sent from the FDIC. The fraudulent e-mails are said to notify recipients of "recent changes in the Federal Deposit Insurance Corporation insurance coverage." A hyper link is provided (the Web addresses (URL) vary widely) to a Web site that supposedly provides "more details of this temporary FDIC coverage for transaction accounts." This e-mail and link are fraudulent. Recipients should consider the intent of this e-mail as an attempt to collect personal or confidential information, or to load malicious software onto end users' computers. Recipients should not click on the link provided."
To read the complete article, visit http://www.fdic.gov/consumers/consumer/alerts/index.html
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Lockbox is a service whereby a financial institution takes responsibility for processing payments mailed to a designated PO Box. This service is ideal for processing homeowner association payments because it reduces internal processing/handling costs and reduces posting delays to help improve the association’s cash flow.
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Miami, FL December 8, 2011 - "The Federal Deposit Insurance Corporation (FDIC) has received numerous reports of a fraudulent e-mail that has the appearance of being sent from the FDIC. The e-mails appear to be sent from various '@fdic.gov' e-mail addresses, such as 'insurance@fdic.gov,' 'subscriptions@fdic.gov,' 'alert@fdic.gov,' or 'accounts@fdic.gov.' The e-mails have subject lines, such as: 'FDIC: Your business account;' 'FDIC: About your business account;' 'Insurance coverage of your business account;' or something similar."
To read the complete article, visit http://www.fdic.gov/consumers/consumer/alerts/index.html
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The Federal Deposit Insurance Corporation (FDIC) insurance limit should be considered by anyone who keeps in excess of the $250,000 Standard Maximum Deposit Insurance Amount per ownership category. To address the need for FDIC insurance in excess the Standard Maximum Deposit Insurance Amount, some banks offer CDARS®, the Certificate of Deposit Account Registry Service.
CDARS is particularly beneficial to homeowner associations, non-profit organizations, and public entities that have a fiduciary responsibility to protect their members’ funds... Read More |
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Miami, FL October 11, 2011 - "The Federal Deposit Insurance Corporation (FDIC) has received numerous reports of a fraudulent e-mail that has the appearance of being sent from the FDIC. The e-mail appears to be sent from a 'regulations@fdic.gov' e-mail address and has a subject line that reads: '2011 updated FDIC regulations.'" To read the complete article, visit http://www.fdic.gov/consumers/consumer/alerts/index.html
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Miami, FL July 19, 2011 - "The Federal Deposit Insurance Corporation (FDIC) has received numerous reports of fraudulent emails that have the appearance of being from the FDIC. The emails appear to be sent from various "@fdic.gov" email addresses, such as protection@fdic.gov, admin@administration.fdic.gov, service@administration.fdic.gov. The messages have various subject lines that read: Update for your banking account, ACH and Wire transfers disabled, and Banking security update."
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Miami, FL June 9, 2011 - "The Federal Deposit Insurance Corporation (FDIC) has received numerous reports of fraudulent e-mails that have the appearance of being from the FDIC. The e-mails appear to be sent from various "@fdic.gov" e-mail addresses, such as subscriptions@fdic.gov, alert@fdic.gov, or accounts@fdic.gov. They have subject lines that read: FDIC: Your business account or FDIC: About Your Business Account."
To read the complete article, visit http://www.fdic.gov/news/news/SpecialAlert/2011/sa11020.html |
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NOTICE OF CHANGES IN FUNDS AVAILABILITY
Miami, FL May 31, 2011 - The current funds availability regulation provides that if a bank has a delayed availability policy, it has to make the first $100 of a deposit available the first business day after the day of the deposit. As a result of the Dodd-Frank Act, the $100 rule is being increased to $200; so, a bank must make the first $200 of a deposit available the first business day after the day of the deposit. This change will become effective on July 21, 2011.
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Miami, FL March 4, 2011‐ Executive National Bank was proud to partner with the Cystic Fibrosis Foundation in February to promote their “Give From the Heart” campaign... Read More
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Miami, FL February 24, 2011 - "E-mails fraudulently claiming to be from the FDIC are attempting to get recipients to click on a link, which may ask them to provide sensitive personal information. These e-mails falsely indicate that FDIC deposit insurance is suspended until the requested customer information is provided."
To read the complete article, visit http://www.fdic.gov/news/news/SpecialAlert/2011/sa11010.html
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ALERT: IRS Warns of Scheme to Steal Identity and Financial Data
Miami, FL February 3, 2011 - We learned of a resurgence of the 2004 identity theft scam involving W-8BEN. To read more about the scam, visit http://www.irs.gov/newsroom/article/0,,id=123621,00.html
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(UPDATE) NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS
Miami, FL January 31, 2011 - "All funds in a 'noninterest-bearing transaction account' are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.
The term 'noninterest-bearing transaction account' includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts ('IOLTAs'). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts.
For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov."
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NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR IOLTAs
Miami, FL January 19, 2011 - In a press release dated 01.18.2011, the FDIC announced that "all funds held in IOLTA accounts (Interest on Lawyers Trust Accounts), together with all other noninterest-bearing transaction account deposits, are fully insured, without limit, from December 31, 2010, through
December 31, 2012." To read the complete FDIC press release, visit http://www.fdic.gov/news/news/press/2011/pr11008.html.
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NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS
Miami, FL December 28, 2010 - "All funds in a 'noninterest-bearing transaction account' are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC’s general deposit insurance rules.
For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov."
*As it relates to sweep account customers, whose funds are swept from a non-interest-bearing transaction account to an interest-bearing deposit account, it is important to note that the swept funds will not be eligible for unlimited coverage.
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Miami, FL December 15, 2010- The Internal Revenue Service (IRS) will discontinue TT&L coupon processing (IRS Form 8109) at the end of 2010. As a result, Executive National Bank will stop accepting paper Federal Tax Deposit (FTD) coupons.... businesses with a quarterly federal tax liability in excess of $2,500 will need to remit tax payments electronically. Their remittance options include... Read More
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Miami, FL September 30, 2010 – Executive National Bank is pleased to announce its continued support of Breast Cancer Research and Awareness... Efigenia Salvagno, Private Banker and Breast Cancer Survivor at Executive National Bank’s Tamiami Branch said, “As other cancer survivors know, beating cancer is a day-by-day challenge; without the support of family, friends and the community, it would be difficult to win the battle."Read More Visit http://miamiftl.info-komen.org/goto/executivebank to donate by debit or credit card, or visit one of the bank’s locations before October 29,2010 to donate by check. |
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Miami, FL September 6, 2010 – To better serve property management companies and homeowner associations, Executive National Bank has eliminated the enrollment process for its Property Pay eCheck Payment Solution... The Property Pay system is an easy-to-use electronic lockbox that processes homeowner payments through the ACH system, accelerating collections and improving the association’s cash flow... Read More |
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iLockBox Upgrade
Miami, FL August 26, 2010 – Please be advised that we are upgrading the iLockBox operating system. The changes will not affect your navigation of the site. If you encounter interruptions in service, please call Cesar De la Noval at 305.256.3311 or Ana Reyes 305.662.4715.
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Miami, FL August 13, 2010—Miami-Dade County Public Schools reopen their doors on August 23 for the 2010-2011 school year. In time for back-to-school shopping, Miami welcomes a tax-free weekend from August 13 to the 15. The tax savings apply to purchases of school supplies under $10 and purchases of clothes, shoes, and books under $50. To help with back-to-school shopping, Executive National Bank is also offering its Visa Debit Cardholders discounts at select retailers. Click here to access the offers, which expire on or before October 31, 2010)... Read More |
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FDIC Coverage Permanently Raised to $250,000
To read more about the change to FDIC coverage, visit http://www.fdic.gov/news/news/press/2010/pr10161.html. |
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Miami, FL June 21, 2010 – Effective July 1, 2010, the FDIC will redefine qualifying TAGP accounts to include transaction accounts with interest rates up to 0.25%. Prior to this change, the Transaction Account Guarantee Program covered interest-bearing transaction accounts with interest rates up to 0.5%. Executive National Bank’s participation in this voluntary program will provide its depositors, unlimited FDIC coverage on funds maintained in all Executive National Bank checking accounts and IOTAs (Interest on Attorney’s Trust Accounts)...
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Miami, FL May 28, 2010 – Executive National Bank (ENB), a South Florida community bank, is proud to offer its Visa Debit and ATM cardholders free Mobile Alerts starting on May 31, 2010. The new service includes automated alerts that allow customers to identify unauthorized activity quickly, to mitigate the impact of Debit Card fraud. In addition to offering automated alerts, Executive National Bank’s Mobile Alerts allow customers to request primary account balance details on demand; during bank testing, the average response time for on demand account balance requests was 2-5 seconds... Read More
Customers interested in Executive National Bank’s free Mobile Alerts should call their Private Banker at 305.273.2900.
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UPDATE: Local Bank Offers Unlimited FDIC Coverage on Qualifying Accounts
Miami, FL April 19, 2010 – Earlier today, the Federal Deposit Insurance Corporation (FDIC) announced that it will extend the Transaction Account Guarantee Program through at least December 31, 2010. Executive National Bank’s participation in this voluntary program will provide its depositors, unlimited FDIC coverage on funds maintained in all Executive National Bank checking accounts and IOTAs (Interest on Attorney’s Trust Accounts)... Read More
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Miami, FL February 22, 2010 - February is American Heart Month... To support American Heart Month and increase awareness, Executive National Bank provided its customers with tips for healthy living and distributed pedometers. The bank sent customers a link to the American Heart Association’s Life's Simple 7, which highlighted the benefits of monitoring blood pressure, cholesterol and sugar intake... Read More
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Miami, FL February 22, 2010 – “Move Your Money” is a grassroots campaign aimed at encouraging people to move their deposits from the “too big to fail” banks to community banks. Promoters of this effort are critical of financial institutions like Wells Fargo, Bank of America, JPMorgan Chase, and Citigroup that accepted large government bailouts and yet cut lending to businesses by $100 billion.
Click on the following National Public Radio link to learn more about this campaign... Listen to the NPR Broadcast
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10 Faces of Fraud for 2010
By Linda McGlasson, Managing Editor of BankInfoSecurity.com December 14, 2009 - "The more things change, the more things stay the same." This old saying holds true when it comes to the different types of fraud hitting financial institutions… Here is a roundup of the 10 predominant types of fraud that institutions and their customers can expect to see in 2010, according to industry experts...Read More |
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Local Bank Reinforces Its Commitment to Local Businesses
Miami, FL December 11, 2009 – On December 10th Executive National Bank hosted the 2009 Holiday networking event for the Kendall Networkers group… “We value our partnership with the Kendall Networkers and were delighted to host this holiday event to support the prosperity of local businesses in the New Year,” said Kathrina F. Saladrigas, Marketing and Training Manager... Read More |
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Miami, FL October 23, 2009 –Executive National Bank is proud to continue its support of Susan G. Komen for the Cure Foundation. Throughout October, the bank’s five branches distributed pink ribbons and collected over $950 in donations to support breast cancer research and awareness. Susan G. Komen for the Cure Foundation generates the largest source of nonprofit funds dedicated to the fight against breast cancer. Their most prominent event, the Race for the Cure... Read More
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Miami, FL October 2, 2009 – Executive National Bank, a leading provider of banking solutions for property management companies and homeowner associations, has selected Revo Payments as its exclusive provider of e-check, debit card, and credit card payment technologies. “We pride ourselves in understanding our customer’s needs. With our newest product Property Pay we are able to provide homeowners what they’ve asked for: a way to pay HOA dues online,” said Cesar de la Noval, Senior Vice President/ Commercial Treasury Relationship Manager... Read More
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UPDATE: Local Bank Offers Unlimited FDIC Coverage on Qualifying Accounts
Miami, FL August 26, 2009 – Executive National Bank announced that it will renew its participation in the Transaction Account Guarantee Program administered by the Federal Deposit Insurance Corporation (FDIC). Participation in this voluntary program will offer depositors unlimited FDIC coverage on funds maintained in all Executive National Bank checking accounts and IOTAs (Interest on Attorney’s Trust Accounts)... Read More
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Same Bank, Same Name… NEW Website!
Miami, FL August 20, 2009 – On August 14, 2009, Executive National Bank launched their newly redesigned website, www.ExecutiveBank.com. The team that developed the site worked diligently to incorporate best practices in web design...The website’s enhanced navigation capabilities include a new search bar feature, custom drop down menus, and related product information on every page. These features are compatible with the smart phone technology used in Blackberry® and iPhone® devices...Read More |
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Miami, FL August 3, 2009 –Banking information available on checks and monthly bank statements can provide criminals with all the personal information needed to commit identity theft. While efforts to deter identity theft have mostly focused on securing electronic channels, research shows that our home mailboxes, not our hard drives, leave us most vulnerable... To protect against identity theft, the Better Business Bureau recommends that consumers forego paper bills and statements and instead opt to receive statements electronically and pay bills online... Executive National Bank archives e-Statements for over five years eliminating the need for paper records, and offers free online Bill Pay on personal accounts. To promote e-Statements, Executive National Bank has installed kiosks at its main office in Kendall and South Miami branch where customers can register for online banking. Read More
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Executive National Bank Renovates its Headquarters.
Miami, FL June 1, 2009 – In December, Executive National Bank began an extensive renovation of its headquarters in Kendall, Florida. The construction project involves updating the bank’s drive-through, offices, and exterior façade. An expansion and update of the bank’s lobby, which will feature paintings by local-artist David Schor, is nearly complete... “Our goal is to provide customers with ‘Executive Treatment,” said Executive Vice President Sandy Dube Bell. “The new facilities will provide a comfortable environment in which we can continue to offer first-class service...” Read More |
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Community Bank Gets Local Businesses to “Say Cheesecake.”
Miami, FL April 10, 2009 – Executive National Bank hopes to remind consumers how sweet it is to bank with a local community bank through its cheesecake campaign. The campaign, which launched in January, has sent the bank’s officers throughout the area delivering complimentary cheesecakes to local professionals. “We design products and services that, with our team of experienced bankers, make banking a piece of cake” said Sandy Dube Bell, Executive Vice President of Branch Administration... Read More |
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Local Bank Offers Expanded FDIC Guarantees on Qualifying Accounts.
Miami, FL December 4, 2008 – Executive National Bank announced that it will participate in the Transaction Account Guarantee Program administered by the Federal Deposit Insurance Corporation (FDIC). Participation in this voluntary program will grant depositors unlimited FDIC coverage on funds maintained in all Executive National Bank checking accounts and IOTAs (Interest on Attorney’s Trust Accounts)... Read More |
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Community Bank to Race for Breast Cancer Cure.
Miami, FL October 3, 2008 – Every October, thousands of South Floridians gather to participate in the Komen Race for the Cure. Proceeds from the race benefit awareness programs and efforts to find a cure for breast cancer... Executive National Bank is sponsoring a team of ten employees to take part in the 2008 Komen Race for the Cure... The bank encourages employees and customers to contribute, and has pledged to match donations up to $1,500 collected at Executive National Bank branches in Miami-Dade... |
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Local Bank does its Part to Help 2008 Hurricane Victims.
Miami, FL September 26, 2008 – In the wake of four major storms that have struck the island in the last few weeks, the people of Haiti have been left to cope with millions of dollars in damages and a shortage of vital supplies. Executive National Bank has partnered with Notre-Dame D’Haiti Catholic Church to collect supplies for Hurricane Ike victims in Haiti... Read More |
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Executive National Bank Announces New Chief Financial Officer.
Miami, FL August 27, 2008 – CEO, Carlos A. Safie is proud to announce the newest addition to the Executive National Bank management team, David Johnson. Johnson will assume the role of Chief Financial Officer and Cashier of this locally-headquartered banking institution. “The addition of David Johnson to our management team marks a positive step towards our strategic initiative to offer the latest advancements in banking technology without sacrificing our reputation of superior customer service..." Read More |
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Local Bank Offers up to $50,000,000 in FDIC Insurance Coverage.
Miami, FL August 22, 2008 – The downturn in the housing market and the ensuing undesirable mortgages held by many banks throughout the U.S. has resulted in devastating bank closures and left their customers questioning the safety of their deposits... Executive National Bank’s reputation of financially-responsible growth has quieted these fears and the introduction of its newly-launched CDARS® program satisfies scrutiny of its most skeptical critics... Through the Certificate of Deposit Account Registry Service, also known as CDARS®, Executive National Bank can complement its reputation with a nationally recognized product that provides consumers access up to $50 million in FDIC insurance... Read More |
