IC3 and FBI warn of Business Email Compromise

According to an online statement from the Internet Crime Complaint Center (IC3) and the FBI, nearly 2,000 individuals have fallen victim to a wire payment scam across 45 countries, which has led to an estimated loss of $215 million.

In response to the wire payment scam, law enforcement agencies are issuing a widespread warning about a large scale operation that is tricking employees at both small and large businesses, called the Business Email Compromise.

OCC Warns of Phishing Attempt

MUNCIE, Ind. - The Office of the Comptroller of the Currency (OCC) has issued a phishing warning regarding the following excerpt:

Fictitious correspondence, allegedly issued by the Office of the Comptroller of the Currency (OCC) regarding funds purportedly under the control of the OCC and possibly other government entities, is in circulation. Correspondence may be distributed via email, fax, or postal mail.

First Merchants Corporation Announces the Completion of its Merger with Community Bancshares, Inc.

MUNCIE, Ind. - First Merchants Corporation (NASDAQ: FRME) successfully completed its previously announced merger with Community Bancshares, Inc., of Noblesville, Indiana on Friday, November 7, 2014. In connection with the merger, Community Bank has also merged with and into First Merchants Bank. The combined First Merchants Bank has 107 banking centers in Illinois, Indiana and Ohio and approximately $5.9 billion in assets, $3.9 billion in loans, $4.6 billion in deposits, and total shareholders’ equity of $700 million.

Shred days planned for Porter, Lake counties

MUNSTER, Ind. - First Merchants Bank is offering free document destruction services at multiple locations in Porter and Lake County banking centers in Indiana in the next few weeks.

Bring up to 4 boxes of documents for free shredding. Our shredding truck will shred your documents on the spot! The event is free and open  to the public!

Upcoming Shred events:

Phone Scam Tactic on the Rise

MUNCIE, Ind. - Be aware that the criminals calling your cell phones and home phones are adding a new feature to their attempts to get your information. They are masking the phone number to show your own number; it looks like your phone is calling you.  They are betting that you’ll be more likely  to answer and respond to a call if it is your own phone number if for no other reason other than curiosity.

FBI Warns of Fraudulent Invoice Scam

MUNCIE, Ind. - The FBI and Internet Crime Complaint Center (IC3) are warning businesses that a specific email fraud scam is escalating. This scam normally involves a person receiving an email at their business address that seems to be a legitimate invoice from a vendor requesting payment via a wire transfer to a designated bank account. The FBI reports that the emails are altered to make it difficult to identify the true sender of the email and is usually not caught until after the money has been transferred. 

Michigan Road: Our Newest Banking Center

True Community Banking, Now on Michigan Road.

Join us for food, fun, prizes, and special offers at our grand opening!

Latest Fraud Scheme Targets Businesses

Be aware that a recent increase has been detected in individuals attempting to gain businesses' bank account information in an effort to commit fraud in the future. These attempts do not necessarily involve Business Online Banking credentials.

Cryptowall Malware Appearing More Frequently

MUNCIE, Ind. - Be aware that malware called Cryptowall is showing up with increasing frequency. Cryptowall, an updated version of an older type of malware, will encrypt the hard drive on the PC (or tablet or phone or server) you are working on and will demand a ransom payment via Bitcoin (non-traceable) to decrypt it. If your device is compromised, the only way to fix it is to completely wipe the hard drive and start over. Any data not backed up will be lost.

First Merchants Among Top 25 Regional Banks Nationwide

MUNCIE, Ind. - First Merchants is proud to announce it has been named one of SNL Financial’s Top Performing Regional Banks in the nation for 2013. Of the top 25 best-performing regional banks, First Merchants ranked 23rd based on core financial metrics. 

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