Union Savings Bank to Host Security Solutions for Seniors Seminar

What:     Union Savings Bank and the Southbury Public Library are hosting Security Solutions for Seniors, a community seminar for senior citizens, at the Southbury Public Library on July 11 at 1:00 pm. Terry Shanahan, Union Savings Bank Assistant Vice President Security/BSA Officer, will be presenting on key topics affecting financial security for senior citizens, including how to choose the right caregiver, how to avoid impersonation scams such as the “grandparent scam”  and how to spot lottery scams.

“As Connecticut’s community bank, we feel it is our responsibility to educate our neighbors on current issues they may face during their financial journeys,” said Union Savings Bank President and CEO, Cynthia Merkle. “Right now, many senior citizens in this country are being targeted by scams or have fallen victim to elder financial abuse. During this seminar, Terry Shanahan will share his insight and tips on how to avoid these to help ensure greater financial security.”

Who:     Senior citizens in Fairfield County and Terry Shanahan, Union Savings Bank Assistant Vice President Security/BSA Officer.

As Assistant Vice President Security/BSA Officer, Shanahan is responsible for bank security, investigation and oversees the Anti-Money Laundering program under the Bank Secrecy Act. He is also a Certified Anti-Money Laundering Specialist (CAMS). Before joining Union Savings Bank, Shanahan served in the Danbury, Connecticut Police Department for 28 years. He is a graduate of the FBI National Academy in Quantico, VA and received a master’s degree in Justice and Law Administration from Western CT State University.

When:  Thursday, July 11, 2019 at 1:00pm

Where: Southbury Public Library, located at 100 Poverty Rd, Southbury, CT.

Why:     The issues Shanahan will address are widespread, including:

  • Nearly 90 percent of elder financial abuse is committed by someone the victims know and trust, according to the National Center on Elder Abuse.
  • The Federal Trade Commission received more than 400,000 complaints from consumers who reported being exposed to impersonation scams in 2016.
  • The FBI reported that consumers lost more than $19 million in solicitation scams in 2015.

Contact: Katie Milewski, Brandware Public Relations, 770-649-0880 kmilewski@brandware.com