FOR:
ADOPTED:
APPROVED BY BOARD OF DIRECTORS:
PURPOSE: To be in compliance with the Bank Protection Act, to provide for the administration of a security program to protect its banking office from robberies, burglaries and larcenies, and to assist in the identification and apprehension of persons who commit such acts, this security program has been adopted at the direction of the Board of Directors.
Section 1. Inspection/Testing/Servicing/Responsibility
A. All security devices shall be inspected and tested as follows:
1. Alarms (Electronic: inside/outside) - Daily
2. Locks (Doors and Vault) - Daily
3. Lights - Daily
4. Surveillance Cameras - Daily
5. Security Devices (Maintenance record/camera log cash exposure checklist)
B. Servicing:
1. As needed
2. Professional Contract Vault
C. Responsibility:
The bank’s board of directors shall designate a bank security officer. The administration of the Bank Security Program shall be the responsibility of the appointed bank security officer. The bank security officer shall report to the bank’s board of directors, at least annually, on the implementation, administration and effectiveness of the security program.
Section 2. Currency
A. The Cashier of the bank shall be responsible to assure that there is never more than $_________ total of currency and coin in the bank at any one time. This may have to be modified from time to time to meet the needs of special situations.
B. All currency will be stored in the locked safe in the vault. Removals from the safe will be made by only the Cashier, Assistant Cashier or the President.
C. All excess currency and/or coin will be removed at unannounced times to one of this bank’s correspondent banks.
D. Currency and coin at the teller’s cage will not exceed $________. Excess will be removed to the locked safe in the vault at the end of each day.
E. Bait money amounting to 5% of money placed at the teller’s cage – denomination, serial number and year series shall be recorded and kept in a safe place.
F. Negotiable securities will be kept in safekeeping at one of the correspondent banks.
G. Currency will not be removed from the safe until 8:30 a.m. and will be locked in the safe at the close of the day. This must be modified to accommodate business after most employees leave the premises.
H. Access placement of keys.
Section 3. Inspection
A. The first person to enter the bank house will:
1. Inspect all locks for tampering
2. Inspect premises for unauthorized persons
3. Inspect all security devices
B. The President, or in his absence, the Cashier, shall inspect all areas and security devices for operation at the close of each day’s business.
Section 4. Training
A. All personnel will be informed of the bank’s security plan at least once each six months - report of training.
B. All personnel will be informed of the correct procedures in the event of robberies.
C. All personnel will keep all material in this security program confidential.
Section 5. Procedures:
A. If a robbery occurs
1. Contact
2. Policy
B. After the hold-up:
1. Law enforcement contacts
2. Preservation of evidence
3. Confidentiality
4. Duties/Reports/Descriptions
C. Extortion and Bomb Threats Policy
D. Civil Disorder/Fires/Floods
Section 6. Report of Apparent Crimes
Section 7. Future Plans
A. Premises:
1. Cement existing old coal chute windows into basement.
2. Illuminate vault--front and back
3. Remove venetian blinds and substitute drapes on all
windows--to be open at night.
B. Equipment
1. Install silent alarm systems to complement existing audible alarm.
2. Have notice to:
Approved this __________ day of _____________________, 20____.
BOARD OF DIRECTORS
Any Town Bank
By _______________________________