How to Avoid Safe Deposit Litigations

How to Avoid Safe Deposit Litigations

How to Avoid Safe Deposit Litigations
Friday, January 17, 2020 
11:00 am – 1 pm Eastern



Recently financial institutions have experienced significant disappearance claims and very large lawsuits which resulted in many nationwide losses and very expensive litigations.

What did they do wrong? Most of these disappearance claims and lawsuits are a direct result of offering the new self-service box concept, insufficient employee training, incorrect box drilling and safekeeping procedures, unauthorized vault access, improper box relocations, vault burglaries, flooded vaults, sloppy record keeping and retention and all the news media coverage that inevitably follows.

Regardless of the size of your safe deposit operation, this presentation provides a realistic and well-organized method of reviewing your procedures before a lawsuit occurs. Your presenter knows firsthand what to look for, from the most common errors to the not so common, but costly mistakes. This program will help you review specific and critical internal procedures.

What You Will Learn:

  • Why can offering self-service boxes cost financial institutions millions in losses?
  • How can the SCRA create significant liability when delinquent rent is collected?
  • Why did a significant fire cause 1,300 box renters to file a class action lawsuit?
  • What terrible things can happen if you’re leaving anyone in your vault alone?
  • Why did numerous safe deposit disappearance claims occurred recently?
  • How did poor "Box Relocation" procedures cause a $5,500,000 lawsuit?
  • What thirty questions will always be asked in any safe deposit lawsuit?
  • Why was an institution sued for $30 million after an internal box theft?
  • Why did sloppy box drilling procedures create a $4,500,000 litigation?
  • Have you seen the locksmith tools that will open boxes in seconds?
  • Why did several vault burglaries catch “Inside Edition’s” attention?
  • What caused CBS to create three recent safe deposit TV specials?
  • Are you leaving a locksmith in your vault alone? “BIG MISTAKE!”

Who Should Attend?   

This informative program is designed to update safe deposit supervisors, vault attendants, cashiers, branch managers, compliance officers, auditors, training directors, security officers, new account personnel and your in-house legal counsel.

Speaker:

David P. McGuinn

David P. McGuinn, president of Safe Deposit Specialists, speaks nationwide for numerous financial associations. He is a former Senior Vice President and Cashier with over 45 years of financial experience and is often referred to nationwide as the safe deposit GURU. As a consultant he has trained over 350,000 safe deposit personnel since 1969, in programs offered in all 50 states. Dave is past president of the American Institute of Banking and the American, Texas and Houston Safe Deposit Associations. He has written numerous financial articles and has been interviewed by the New York Times, Wall Street Journal, Money Magazine, New York Magazine, Reader’s Digest, Fortune Magazine, Washington Post, Associated Press, AARP, Bottom Line Financial, National Public Radio (NPR), British Broadcasting Corp (BBC), Inside Edition, Crime Watch, Court TV, CUNA, FDIC, NCUA, CNN, CBS, ABC, NBC Nightly News and many other financial publications regarding current safe deposit issues. He was also a featured speaker for the American Bankers Association, Independent Community Bankers of America, National Association of Federal Credit Unions and over 100 other financial associations. McGuinn has created numerous training DVDs, policy and procedure manuals and many other unique safe deposit compliance products. His safe deposit resources are now considered the accepted standard for the financial industry.

Attendance verification for CE credits provided upon request.

Webinar Sponsored by Total Training Solutions

If you are having issues with registering online, please contact CBAO's Education & Training Coordinator, Lianne Simeone, (614) 610-1877.

Registration Options

Live Plus Five – Attend the live event and receive five business days of unlimited access to the OnDemand Playback and links to presenter materials and supplementary handouts.

OnDemand Recording – Receive unlimited access to the OnDemand Playback for 6 months and links to presenter materials and supplementary handouts. This option does not include live session attendance.

CD-ROM – Receive the webinar recording on a CD-ROM 7-10 business days after the Live event or your registration date (whichever is the latter). Receive unlimited access to the OnDemand Playback for 6 months and links to presenter materials and supplementary handouts. This option does not include live session attendance.

Live Plus Six – Attend the live event and receive six months of unlimited access to the OnDemand Playback and links to presenter materials and supplementary handouts.

Premier Package – Includes all three base options. Live attendance, OnDemand Playback for six months, and the CD-ROM.


When
1/17/2020

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