Holiday Shopping: Protecting Your Finances & Identity This Season
12/11/2025
The holiday season is a time of joy, giving, and celebration. However, it?s also a busy period for scammers and cybercriminals looking to exploit your generosity and excitement. According to recent reports, consumer losses from scams topped $10 billion last year? a 14% increase from the year before! Whether you're shopping in-store or online, staying vigilant is essential to protect your money, data and peace of mind.
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Important Information Regarding Car Loan Interest Statements
12/02/2025
Recent federal legislation allows borrowers to deduct up to $10,000 in car loan interest on qualified passenger vehicles for tax years 2025 through 2028, provided the loan was originated after December 31, 2024 and the vehicle meets IRS requirements.
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Cybersecurity Awareness Month: Protecting Your Finances in a Digital World
10/30/2025
October is a great time to take a closer look at your online safety habits, especially when it comes to your financial information. As part of National Cybersecurity Awareness Month, Solvay Bank reminds customers to stay vigilant against scams and fraud and to take simple steps to safeguard their accounts.
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U.S. Department of the Treasury to Halt Penny Production - How Can This Impact You?
10/16/2025
As a result of the U.S. Department of the Treasury?s decision to end production of the penny coin, the U.S. Mint has halted penny production and a nationwide move to a penny?less environment is underway. Pennies will become increasingly scarce, which may affect cash handling for businesses. As your bank, Solvay Bank is here to support you through this transition.
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New Electronic Payments Mandate Effective September 30, 2025
09/23/2025
Beginning September 30, 2025, a new federal regulation (Executive Order 14247: Modernizing Payments To and From America's Bank Account) will require most federal payments be made electronically via Electronic Funds Transfer (EFT).
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