A Special Notice About the Coronavirus
Dear Customer: We understand and share your concerns surrounding the recent coronavirus outbreak and the speed at which it’s spreading. We want you to know that The Milford Bank is taking precautions to help keep our customers and our employees safe. Such measures include making hand sanitizer available in our offices, and wiping down counters,…
So You’re a First-Time Home Buyer, Here’s What You Need to Know
By Paul Mulligan Buying a home is one of the biggest milestones in your life – right up there with marriage and starting a family. Being a homeowner has several benefits, including possibly lowering your monthly payments compared to renting and earning equity as your home value rises and you…
What Does the New FICO Scoring System Mean?
by Paul Mulligan, SVP, Retail Lending When you apply for a loan, lenders have access to a variety of information they use to decide whether to give you a loan and at what terms. The most popular of those resources is your FICO score, a three-digit rating based on information…
Why Digital is an Advantage for Local Banking
It’s no secret that the world has gone digital. So much of everything we do each day happens online with the mobile devices that seem to be attached to our appendages. Mobile and desktop apps and online portals have changed the way we manage our lives, including our finances. With…
Holiday Travelers Should Be Wary of New Payment Data Risk at Gas Stations
By David Wall, Chief Information Officer ‘Tis the season… for joy and celebration and spending time with family and friends. It’s a time of year most people look forward to for many reasons, not the least of which is the traditions attached to the holiday period which, for many, includes…
What you need to know about using P2P payment apps
By Lynn Viesti Berube One of the unique features about today’s app-centric society is there’s an app or just about everything, it seems. It’s great to be able to download apps and take care of so many things on your mobile devices. On the other hand, because these apps tend…
Peer 2 Peer Payment Apps Give Consumers More Choice
By Celeste Lohrenz As it has been with nearly every industry, digital technology is changing the way people bank. Online tools and mobile apps are making it easier for people to manage their finances, giving them modern options to replace traditional options. P2P (Peer To Peer) payment apps, for instance,…
How are You Getting Rid of Your Old iPhones and Computers?
By Dave Wall Every time Apple, Samsung, or any other electronic device manufacturer releases new products, the media tends to grab hold and saturate news feeds with the incredible advances these new product bring for consumer and business users. They’re not wrong of course – think about all the things…
Are Millennials Putting Themselves at Risk with their Digital Habits?
By Pam Reiss According to the FBI’s Internet Crime Complaint Center (IC3), the number of reported incidents of cyber fraud continues to increase, reaching to 351,937 in 2018, 16% more than 2017 and a 30% increase from 2014. Losses from these incidents are growing even faster, reaching more than $2.7…