Business Buzz: Bank of Colorado in Craig announces hire
Bank of Colorado announced that Tamilyn Fager is the new president of its Craig branch, according to a press release.
Tami brings over 28 years of lending and executive management experience to the bank team and is now responsible for the overall management of the branch operation, as well as all aspects of commercial and real estate lending opportunities in Northwest Colorado. Previously, Tami worked with Community 1st Bank in Las Vegas, New Mexico, serving as the vice president of lending and special assets.
She holds a MBA degree, BS degrees in Business Administration and Human Resource Management from Regis Universityin Denver; AAS degrees in Business Administration and Accounting from Northeastern Junior College, Sterling.
Tami believes in being involved in her community and has served with Gila Memorial Hospital Finance Board, Grant County Fair Volunteer, Northeastern Junior College Advisory Committee Colorado, Northern Community College Advisory Committee, Moffat County Chamber of Commerce. She has also served as Business Instructor for Colorado Northern Community College, Northeastern Junior College, and Morgan Community College.
Her service philosophy is to have “PRIDE” in all that you do; people are the most important asset and the reason we do what we do; treat everyone with respect; lead with Integrity; approach every challenge with drive and determination and approach every day with enthusiasm. She can be reached at 970-826-2064 or by email at firstname.lastname@example.org.
“Tami brings a wealth of knowledge and experience to this position, and we are glad she is part of the Bank of Colorado management team,” Shawn Osthoff, president of Bank of Colorado, said in a statement.
Fraud scheme using real estate agents’ email accounts
DENVER — Consumers and real estate professionals need to be aware of a fraud scheme that diverts money from real estate transactions into the accounts of cybercriminals, according to a press release from the state.
The Colorado Division of Real Estate and the Division of Insurance, both part of the Department of Regulatory Agencies, received information about this scheme from Land Title Association of Colorado, a title insurance trade organization.
The cybercriminals hack into the email accounts of real estate brokers and send email messages out of the real estate broker’s account without their knowledge. They then use the hijacked email accounts to send messages requesting funds be wired into fraudulent bank accounts. The email looks legitimate and will often have transaction specific information in the body of the email or as an attachment, including the buyer’s and seller’s names, the property address and file numbers.
The fraud focuses on earnest money deposit releases, buyer’s funds to close a transaction and seller’s proceeds from the sale of their home. Scams such as these reflect the increased technical sophistication of computer hackers and cyber criminals.
The Division of Real Estate is notifying all Colorado licensed real estate brokers to be aware of these types of cyber fraud. The Division of Insurance, which regulates the title insurance industry, will coordinate with Land Title Association of Colorado, to ensure title insurance agents and agencies are also informed.
If you are currently involved in a real estate transaction, contact your real estate broker, lender, and/or title insurance company to ensure that everything is progressing as it should. Be on the lookout for unusual emails or responses to emails you have not sent.
If you believe you have been the victim of such a scam, report it to the Colorado Attorney General’s Office through http://www.StopFraudColorado.gov.
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It was the 25th iteration of the Craig Rotary Club’s annual Diamonds & Spurs banquet Saturday, but, to its organizers at least, it was more than that.