Avoiding Safe Deposit Lawsuits

Tuesday, February 7th, 2012
11:00 am - 1:00 pm EST



2012 Update - What Caused Fourteen Current Disappearance Claims?

Improve Your System:

Typically the safe deposit responsibilities are passed from employee to employee with very little understanding of the institution's liability. Unfortunately, only after a lawsuit occurs does management turn their attention to this area. Ask yourself the questions outlined in the program HIGHLIGHTS. If you're unable to answer them, this seminar will provide vital information to reduce your liability and hopefully avoid a potential lawsuit.

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. The presenter knows firsthand what to look for, from the most common errors to the not so common, but costly mistakes. This presentation will help you review many critical internal procedures.

Highlights: This program covers many though provoking issues and will address your concerns regarding the following questions: What caused CBS to develop three safe deposit TV specials during 2011? Why did fourteen safe deposit disappearance claims occur during 2011? After losing a $100,000 lawsuit, how did TV coverage increase this loss? What thirty questions will always be asked in any safe deposit lawsuit? How did a former employee steal $400,000 in bearer bonds from a box? Why was an institution sued for $30 million after an internal box theft? Have you seen the new locksmith tool that opens boxes in 3 seconds? How did stamped box numbers on box keys create a $4 million loss? How could handling a renter's key cost an institution over $300,000? Why must locks be changed on closed boxes before renting again? Do self-service boxes lose money or improve your bottom line? Are you leaving anyone in your vault alone? "BIG MISTAKE!" Why are "self service box" renters suing for millions?

Presenter - David P. McGuinn David P. McGuinn, President of Safe Deposit Specialists, is a former banker with over 40 years of safe deposit experience and is often referred to nationwide as the safe deposit GURU. In all 50 states he has trained over 250,000 safe deposit personnel since 1969, and has served the industry as President of the American, Texas and Houston Safe Deposit Associations. Dave is a featured speaker for the American Bankers Association's TV network and has been interviewed by the Wall Street Journal, Money Magazine, New York Magazine, Associated Press, National Public Radio, AARP, Bottom Line Financial, FDIC, CUNA, CNN, CBS, ABC, NBC Nightly News and Court TV on current safe deposit issues. McGuinn has created numerous video and web training programs and his Safe Deposit Policy and Procedures Handbook is now the accepted standard for the financial industry.

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.