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NORWICH, N.Y. (June 14, 2016) – Every year, millions of seniors fall victim to financial fraud resulting in billions of dollars in losses. In recognition of World Elder Abuse Awareness Day on June 15, NBT Bank is urging older customers and their trusted caregivers to safeguard all personal information and stay alert to the common signs of financial abuse.
“Criminals often prey on seniors experiencing cognitive decline, limited mobility and other challenges that require them to rely more heavily on others for help,” said NBT Bank President John H. Watt, Jr. “Appointing someone you know and trust to handle your financial matters aids tremendously in the fight against these crimes.”
NBT Bank is offering the following tips and also encourages those interested in learning more about all types of fraud prevention to visit its Fraud Information Center at www.nbtbank.com under Customer Support.
If you believe you are a victim of financial abuse, be sure to:
World Elder Abuse Awareness Day was launched on June 15, 2006 by the International Network for the Prevention of Elder Abuse and the World Health Organization at the United Nations.
NBT Bank offers personal banking, asset management and business services through a network of 155 locations in six states, including New York, Pennsylvania, Vermont, Massachusetts, New Hampshire and Maine. NBT Bank and its parent company, NBT Bancorp, are headquartered in Norwich, N.Y. NBT Bancorp had assets of $8.5 billion as of March 31, 2016, and is traded on the NASDAQ Global Select Market under the symbol NBTB. More information about NBT Bank and NBT Bancorp can be found online at www.nbtbank.com and www.nbtbancorp.com.
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