Newsroom

The Village Bank hires Sullivan as senior vice president, human resources

Joseph De Vito, president and CEO of The Village Bank, has announced the hiring of Maureen Sullivan, SHRM-SCP, as senior vice president/human resources.

Sullivan comes to the Bank after working as the executive vice president/chief human resources and marketing officer at Wellesley Bank. She previously was the president and publisher of San Diego Magazine.

The Newton resident has a long history of giving back to the communities in which she has worked and lived, with a focus on human services and underserved children. She was the president of the Wellesley Bank Charitable Foundation and also has served on the Foundation for MetroWest distribution committee and the Charles River Regional Chamber nonprofit committee.

Sullivan will oversee the human resources and training functions of the Bank, and lead the institution’s diversity, equity and inclusion efforts.

“We are excited to add Maureen to our talented senior team,” De Vito said. “She brings knowledge and experience to the position, and her extensive history of community service makes her a great fit for The Village Bank.”

Newsroom

Doyle, Settles elected to Village Bank Board of Directors

The Village Bank Chairman Kenneth C. Brennan has announced the election of Anne Doyle, MBA, and Darryl Settles to the Board of Directors.

“Anne and Darryl bring a great deal of talent, experience, knowledge, and dedication to the community to our Board of Directors,” Brennan said. “We are so excited to welcome them both, and we look forward to their contributions to our organization.”

Doyle is the president of Lasell Village, an innovative senior living and learning community in Auburndale and a vice president of Lasell University. In 2021, Doyle’s leadership was recognized for the third consecutive year as Lasell Village was named one of the top 100 women-led businesses in Massachusetts by the Commonwealth Institute and the Boston Globe. The Lincoln resident has more than 30 years of experience in management roles in the field of health and senior care. She serves on the Newton-Wellesley Hospital Board of Advisors, and is a member of the Women Business Leaders of the U.S. Health Care Industry Foundation.

Doyle has a bachelor’s degree from Tufts University and an MBA from Stanford Graduate School of Business. She was a Fulbright scholar in Sweden, where her passion for senior housing and care was born.

Settles is the founder of Catalyst Ventures Development, a company that focuses on the development of and investment in multifamily and commercial real estate properties in Boston and the surrounding communities, including Newton. Settles and CVD are dedicated to making a positive social impact on the real estate landscape by fostering partnerships that empower minority communities and help them grow financially.

The South Carolina native and Newton resident is a graduate of Virginia Polytechnic Institute and State University. Settles recently co-founded of the Boston Real Estate Inclusion Fund (BREIF), which aims to provide people of color access to project investment in markets from which they have been historically excluded. He sits on the Board of Directors for Commodore Builders.

“We are honored to have Anne Doyle and Darryl Settles join our incredible group of directors,” Village Bank president and CEO Joseph A. De Vito said. “They bring unique perspectives and experience to the Board, and their commitment to the community make them wonderful fits for the Bank and its mission.”

Newsroom

Join The Village Bank for Shred Day!

Protect your old documents by stopping by our Auburndale Branch, located at 307 Auburn Street, on May 21. The event will run from 9 am to Noon and will occur in the back parking lot.

Two standard 24×24″ boxes of documents will be accepted per person and can include items such as:

  • Bank statements
  • Old mail/magazines
  • Bills
  • Medical records
  • Other unwanted paper documents containing personal, identifiable information

Please note we are accepting paper only. No plastic folders, bindings, paper clipped or stapled documents. Thank you.

See you there!

Newsroom

The Village Bank hires Bunnag as Nonantum branch manager

Joseph De Vito, president and CEO of The Village Bank, has announced the hiring of Mark Bunnag as assistant vice president/Nonantum branch manager.

Bunnag comes to the Bank after working as a branch manager for Santander Bank for three years. Bunnag was raised in Auburndale and graduated from Newton North High School. He attended Boston University before joining the United States Marine Corps. He was stationed at Camp Lejeune in Jacksonville, N.C.; Camp Pendleton in California; and did a tour in Fallujah, Iraq.

After retiring from the Marine Corps, Bunnag held retail management positions at Walmart and Home Depot while completing his higher education at Mass Bay Community College and Framingham State University.

Bunnag will oversee the daily operation in Nonantum, the Bank’s second-largest branch by deposits.

Newsroom

Temporary change to statement envelopes

Village Bank customers,

Our statement production vendor is experiencing a shortage of the standard white envelopes used for the mailing our monthly statements. Because of this shortage, some paper statements received in April will be mailed in recycled brown envelopes (pictured below) instead of standard white envelopes. Please do not be concerned. Your paper statement will appear the same as in past months. Only the envelope is different. We apologize for any inconvenience. If you have questions, please call our Customer Care Center at (617) 969-4300. Thank you.

Security Articles & Alerts

Fraud Chronicles: Crypto, Romance Scams and Tax Time

Stats: Cryptocurrency
Cryptocurrency— a blockchain-based digital currency which only exists electronically — has been a hot button topic for investors and fraud investigators alike. Because crypto is not connected to regulator banks or government insurance, fraudsters have found a rich decentralized market to commit their scams.

  • Scammers around the world took home a record $14 billion in cryptocurrency in 2021, thanks in large part to the rise of DeFi, or Decentralized Financing.
  • Losses from crypto-related crime rose 79% from 2020.
  • Cryptocurrency theft increased 516% from 2020, to $3.2 billion worth of cryptocurrency. Of this total, 72% of stolen funds were taken from DeFi protocols.
  • Consumers between the ages of 20-49 are five times more likely to report losing money to a cryptocurrency investment scam.

Trending: Romance Scams
According to the Federal Trade Commission victims of romance scams lost $547 Million in 2021, an 80% increase from the year before. Any age range is a target for this scam, but the loss is highest for victims 70 and over, where median loss is $9,000.00. While many of these scams start on dating sites over one third of reported romance scams began on Facebook and Instagram.

Using attractive photos swiped from social media accounts fraudsters create a persona to lure victims in, often weaving in excuses for not being able to meet in person. Some claim to be traveling outside of the US, deployed in the military, working on an oil rig, or a doctor working abroad. While scammers will say anything to convince victims to send money, their standby is often a plea for help due to a financial or health crisis, asking the victim to send money, gift cards or even cryptocurrency. More recently scammers have also begun promoting investment opportunities.

Some tips to avoid romance scams:

  • Never give personal or banking information out over social media to anyone
  • Never send money, gift cards or cryptocurrency to someone you have never met in person and never follow their investment advice
  • Talk to someone you trust (and listen if they’re concerned about your love interest)

Check out the latest on Romance Scams.

Spotlight: Tax Season
As the New Year begins, the Internal Revenue Service reminds taxpayers to protect their personal and financial information throughout the year and watch out for IRS impersonation scams, along with other schemes, that try to trick people out of their hard-earned money.

These schemes can involve text message scams, e-mail schemes and phone scams. The IRS also warns people to watch out for signs of potential unemployment fraud.

Quick reminders:

  • Text message scams: Do NOT click links or open attachments in unsolicited, suspicious or unexpected text messages – whether from the IRS, state tax agencies or others in the tax community.
  • Email phishing scams: The IRS does not initiate contact with taxpayers by email to request personal or financial information. The IRS initiates most contacts through regular mail delivered by the United States Postal Service.
  • Phone scams: The IRS does not leave pre-recorded, urgent or threatening messages. Criminals can fake or “spoof” caller ID numbers to appear to be anywhere in the country, including from an IRS office. This prevents taxpayers from being able to verify the true call number.
  • Unemployment fraud: Watch out for claims of unemployment or other benefit payments for which you never applied. States have experienced a surge in fraudulent unemployment claims filed by organized crime rings using stolen identities. Criminals are using these stolen identities to fraudulently collect benefits.

Learn more about tax scams.

If you believe you have been the victim of a scam, contact our Customer Care Center immediately at (617) 969-4300 and report it to the FTC at reportfraud.ftc.gov.

Newsroom

Fakhory featured in The Boston Globe Top Places to Work

Mina Fakhory

Employer: The Village Bank, Newton
Job: Staff Accountant

I arrived here from Egypt with the hopes of being an accountant. It was difficult to find a position, but I connected with Village Bank and was hired as a teller. Later, I started the training program for management trainees, then COVID hit and I had to go back to my original job. Soon after, a staff accountant position opened up and I was fortunate to get the job. This company seeks to push you forward and make you a better person. All my hopes have been fulfilled, and I’m grateful.

Newsroom

The Village Bank will award seventeen college scholarships to Class of 2022

Joseph A. De Vito, president & CEO of The Village Bank announced today that the Auburndale Community Charitable Foundation is now accepting college scholarship applications from local high school seniors.

The seventeen scholarships totaling $50,000 will be awarded to college-bound students of the Class of 2022. The recipients can apply the scholarship funds toward tuition, room and board, or supplies at an accredited college or university. The application deadline is April 15, 2022.

The Foundation will award two $10,000 scholarships and fifteen $2,000 scholarships. The $10,000 scholarship recipients are required to have demonstrated active involvement in community and/or charitable causes, in a leadership capacity, in addition to academic achievement. Eligible Newton or Wayland residents will be considered for both award categories. Applicants who do not reside in Newton or Wayland will be considered for the $2,000 awards.

“The Village Bank has a strong commitment to supporting the community we live in and initiatives that impact our friends and neighbors,” said De Vito. “We are excited to support and recognize students in the community as they work towards their goals.”

Complete rules, requirements, and application forms are available online here.

The Auburndale Community Charitable Foundation’s investment in education since the program began in 1998 will total more than $950,000 with this year’s awards, according to De Vito. The scholarships are funded in part by the Annual Golf Classic held by The Village Bank each fall.

Newsroom

The Village Bank promotes Spalding to Waban branch manager

Joseph De Vito, president and CEO of The Village Bank, has announced the promotion of Michael Spalding to manager of the Waban branch.

Spalding joined The Village Bank’s retail team in June 2016 and quickly became a valuable asset. He was promoted to senior teller and teller supervisor in 2018-19, and in 2020, he was named assistant branch manager at the Newton Centre location, where he worked until his most recent promotion.

Spalding will oversee the daily operation in Waban. He completed the bank’s Supervisor Training Program in October 2019. In July 2021, he completed the Manager Training Program.

Newsroom

Charity and online shopping scams threaten holiday season

Charity donations and online shopping scams are prevalent throughout the year, but never more than during the winter holidays. Many have no idea about the trouble they may encounter during this festive season.

CHARITY FRAUD

With many widespread publicized fundraising drives, charities often count on holiday season boosts to help support their causes. However, not everyone asking for help is genuine. Representatives from any organization should be able to talk about their cause — and are often excited to share more information about their mission.

To ensure that donations are going to the right place, ask the following:

  • Who are you?
  • What do you do?
  • How will you use my donation?
  • Is my donation tax deductible?
  • Are you registered with the appropriate agencies?

Research any organization or cause you wish to donate to on your own. These organizations show how a charity spends donations and conducts business:

Be aware of red flags that include:

  • Time constraints. High-pressure or rushed donations should be avoided.
  • Names. Fraudsters may use names that sound similar to real charities and look-alike logos.
  • Vagueness. Make sure you know how your donation will be used to further the cause.
  • Payment requirements. Requesting donations in gift cards or through wire transfers should be regarded as suspicious.

SAFE ONLINE SHOPPING

Fraudsters rely on the volume of transactions to take advantage of unsuspecting consumers during the holiday season. The FTC has stated, “Overall, reports of losses to online shopping fraud by older adults more than doubled in 2020, and the numbers continued to be far higher than pre-pandemic levels in the first half of 2021.” There is no indication of this increase of fraud stopping any time soon.

Remember these online shopping tips:

  • Research. Look up any suspicious company names with the keywords “scam,” “complaint” or “review.”
  • Look for a physical address and phone number. If you have questions or problems, you’ll have a way to directly contact the company.
  • Familiarize yourself with shipping and return policies. Who pays for return shipping? How many days do you have to return an item? Is there a restocking fee? Can sale items be returned?
  • Pay with credit card. Paying by credit card offers recourse for overbilling, merchandise not received or returned items. You can file a dispute with the card issuer if there are problems. Also, do not purchase anything from online sellers that only accept payment by gift cards, money transfers or cryptocurrency. These types of payments are nearly impossible to trace and reverse.
  • Read the site’s privacy policy. You should be able to find the personal information the site is collecting, why and how it will be used. If a privacy policy is unavailable, hard to understand or disagreeable, consider using a different site.

You may recognize red flags of fraud while shopping online, but your family and friends may not. Reminders to not respond to viral posts that innocuously ask about things like birthdays, addresses, pets and children — go a long way in keeping loved ones aware and safe. Sharing basic anti-fraud tips may save them time, money and heartache.

Don’t leave anyone out in the cold this holiday season.

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