We want to make you aware of a recent phone scam reported by the Federal Reserve Bank of Minneapolis that is targeting business customers. Scammers are spoofing bank phone numbers to appear legitimate and calling customers under the guise of “verifying ACH transactions.” In some cases, this has led to unauthorized access to online banking accounts and fraudulent ACH transfers.

What’s important to know:

• These calls may look like they’re coming from your bank’s real phone number.
• Scammers may reference PPP loan information, which is publicly available.
• Banks will never ask for sensitive login or security details over the phone.

Protect yourself:

• Do not share login credentials or verification codes.
• Hang up and call your bank directly using a trusted number.
• Contact us immediately if something feels off Your security is always our priority.

If you have questions or receive a suspicious call, we’re here to help.