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We're Upgrading Your Online Banking Security

Your online security is important to us so we are making changes to better protect you from identity theft and fraud. While this change is a one-time event to protect you, we understand that it may cause temporary inconvenience.

Quick Overview: We are upgrading your online banking experience to include a new security service. This upgrade will better protect you from fraud by requiring two different types of authentication. On or after April 16, 2012 you will be prompted to enroll in our new security service (we encourage you to do this the first time you are prompted).

Links to Learn More: Customer FAQs Customer Screenshots Customer Notification

Still have questions? Please do not hesitate to contact us at 800-533-0308.

The U.S. Department of the Treasury will end over-the-counter sales of paper savings bonds on December 31, 2011, including sales through financial institutions and applications mailed directly to the Federal Reserve Bank by customers.  This move is expected to save taxpayers an estimated $70 million over the next five years. Although paper bonds are being discontinued, electronic Series EE and Series I Savings Bonds will remain available for purchase via TreasuryDirect.  This secure, web-based system, operated by the Bureau of the Public Debt, has been used by investors since 2002 to purchase savings bonds online. You can purchase, manage and redeem electronic savings bonds online through www.treasurydirect.gov.  Electronic savings bonds are secure and convenient to manage through TreasuryDirect, and investors no longer have to worry about misplacing, losing or storing savings bonds.  In addition, with a TreasuryDirect account, you can purchase electronic savings bonds as gifts and also convert paper savings bonds to electronic. Already have paper savings bonds?  Click here for redemption information.

NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS

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 does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, Money-Market deposit accounts.

For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.

It is important to teach children to make change, how savings and checking accounts work, how money grows in banks, how a budget can help manage money, and how to get the best deal when buying something. Bedford Loan and Deposit Bank is willing to help make those first steps in helping to teach your child to start saving.  Once your child fills up their quarter saver they can come in with a parent or guardian and open a savings account with $5.00 or more.  Two forms of identification are required.

Click here to see how you can help your child learn good habits about money.

FRAUD & THE NEW TECHNOLOGY

Here are the latest tips from the Federal Deposit Insurance Corp. (FDIC) for protecting against new schemes using electronic devices. * THINK TWICE before responding to "urgent" text messages.      A new scam involves a text message sent to cell phones and smartphones (a hand-      held device to access the Internet and make calls) warning bank customers that      their debit or credit card had been blocked for security reasons.  The message urges      users to call a hotline to unblock their card, but instead they reach an automated      response system asking for their card number, personal identification number (PIN)      and other information. * BE ON GUARD against unexpected pop-up windows on Web sites, including your   bank's.      If after you're logged onto your bank's Web site - or on any Web site, for that      matter - and you get an unexpected pop-up window asking for your name, account      numbers and other personal information, that is likely a sign that a hacker has      infected your PC with spyware and is trolling for enough information to commit      identity theft and gain access to your bank account.      It's normal for your bank to ask for your login ID and password when you first log in      and to ask you to answer a "challenge question" if you want to reset your password      or start using a new computer.  BUT YOUR BANK WILL NOT ASK YOU - through      a pop-up window - to type your name and information such as your date of birth,      mother's maiden name, bank account and cell phone numbers.  Banks only need      that type of detailed personal information when the account is initially opened. * BE SUSPICIOUS of unsolicited offers to download games, programs and other "apps."      Those "deals" could contain malicious software directing you to fake Web sites or      install spyware used to steal information that can lead to theft.

YOUR BEST DEFENSES AGAINST HIGH-TECH SCAMS?

* Be aware that cyber criminals always look for ways to use new technology such as   smartphones to try to commit fraud; * Stop and think before giving personal information in response to an unsolicited   request, especially one marked as urgent, no matter who the source supposedly is; * Only communicate with your bank using phone numbers or e-mail addresses you   are certain about - such as the customer service number on your bank statement or   the back of your card - and add these important numbers to your phone's contact list;   and * Only install programs that you know are from legitimate Web sites, such as your   Internet service provider, financial institution, wireless phone company or trusted   app vendors. For additional tips on avoiding Internet fraud, visit www.onguardonline.gov.

FAKE CHECK SCAMS: HOW TO IDENTIFY A SCAM

There are many variations of the scam.  It usually begins with someone offering to:      * Buy something you advertised for sale;      * Pay you to work at home;      * Give you an "advance" on a sweepstakes you've won; or      * Give you the first installment on the "millions" you'll receive for agreeing to        transfer money in a foreign country to your bank account for safekeeping. Scammers claim to be in foreign countries where they say it's too difficult to pay you directly, so they'll have someone who owes them money in the United States, send you a check or money order. The amount of the check or money order may be more than you are owed, so you are instructed to deposit it into your bank account and wire the remaining funds to the scammer or someone else.  You may also be told to wire some of the funds to pay a fee to claim your "winnings."  Scammers may also promise to transfer funds directly to your bank account, wanting you to provide your account information for an electronic funds transfer.  Once you provide your information to the scammer, they in turn send a phony check or money order to your bank with instructions to deposit it into your bank account.  When you inquire on your bank account, it seems as if the funds have arrived.  Whatever the case may be, the end result is the same...once you've wired the funds, you find out that the check or money order has bounced. It's a scam that can cost you thousands of dollars.  BE AWARE! IF YOU THINK SOMEONE IS TRYING TO PULL A FAKE CHECK SCAM, DON'T DEPOSIT IT...REPORT IT!  Contact the National Consumers League's Fraud Center, www.fraud.org.  For more information about fake check scams and how you can avoid them, go to www.fakechecks.org.

HISTORY

Bedford Loan and Deposit Bank opened its doors in Bedford, Kentucky at 45 highway 42 East on November 2, 1891 as a full service bank.

It was not until 85 years later, that a second branch was established.  On April 5, 1976, 1029 Brownsboro Road became the home of the Sligo Branch.

After serving Trimble County for 111 years, Bedford Loan and Deposit Bank again opened doors to more prospective customers.  On June 17, 2002, a third branch was established in the heart of Oldham County in LaGrange, Kentucky at 1010 New Moody Lane.

Throughout the years, Bedford Loan and Deposit Bank has always strived for excellence in meeting our customers' needs.  "August 2008: Bedford Loan and Deposit Bank stands strong in the current environment while many financial institutions are faltering.  You don't have to take their word for it, though;  Bedford Loan and Deposit Bank has earned a 5-Star Superior rating from BauerFinancial, Inc., the nation's leading independent bank rating and research firm.  The 5-Star rating is based on the overall financial picture of the bank and indicates that Bedford Loan and Deposit Bank is one of the strongest banks in the nation.  This represents the 65th consecutive quarter that Bedford Loan and Deposit Bank has earned this highest honor."  Having earned this prestigious rating consistently for ten years or longer, we have positioned ourselves into the even more impressive group of Exceptional Performance Banks.

  "In a climate where it is increasingly difficult to shine, Bedford Loan and Deposit Bank
  proves it can be done," remarks Karen Dorway, president of the research firm.  "In
  fact, local residents should be proud that their community bank is one of the elite
  financial institutions in the nation.  They can rest assured that their deposits are well-
  placed in this 5-Star bank."

"AN INDEPENDENT COMMUNITY BANK"
Resource: http://www.bauerfinancial.com/home.html
Full Media Release: August 2008 Media Release

So with this said, our President and CEO welcomes you to bedfordbank.com!

Dear Customer,

Welcome.  We appreciate your business.  We are excited to be opening a new door to the internet experience.  We have been in business since 1891.  Our mission is to serve the community by providing personalized banking service to our customers, and to award our shareholders and employees by operating profitably.  We feel that internet banking is a logical step in our ongoing efforts to expand our services and customer base.  We encourage you to make full use of Bedford Online Banking and bill pay, which provide you with safe and convenient access to your financial information and services.

Yours truly,

John  N. Manning

John N. Manning President/CEO

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