Bristol Morgan Bank has become aware of fraudsters posing as bank employees in an attempt to obtain personal and financial information from customers.

Please remember:

  • Bristol Morgan Bank will never call, text, or email you and ask for your online banking password, debit card PIN, Secure Access Code, or other sensitive account credentials.
  • If you receive an unexpected call claiming to be from the bank and are asked to provide personal information, hang up immediately.
  • If you are unsure whether a call is legitimate, contact Bristol Morgan Bank directly using the phone number listed on our website, your statement, or the back of your debit card.
  • Protect yourself by never sharing confidential information with unsolicited callers.

If you believe you may have been targeted by this scam, please contact us right away so we can help protect your accounts.

     

Home Equity Loans & HELOC'sMaking the most of your home's equity

NMLS ID# 410479

If you own a home we appreciate that you have worked hard over the years to make your mortgage payments. Reward yourself by using the equity you worked so hard to establish with a home equity product from Bristol Morgan Bank. Stop in or give one of our lenders a call to talk about how you can get a home equity loan.

Home Equity Loans and Home Equity Lines of Credit (HELOC)

A home equity product from Bristol Morgan Bank allows you to use some of the equity in your home for things like home improvements, debt consolidation or other major purchases. Home equity loans and home equity lines of credit (also called HELOC’s) use the equity you invested into your mortgage as collateral. A HELOC will give you access to the funds in the form of a personal line of credit that can be used as you need it. A home equity loan gives you the funds in one lump sum.

One great benefit of a home equity line of credit or personal home equity loan is the interest is generally tax deductible. (Of course, you’ll want to consult your tax adviser to be certain this benefit is applicable to your individual financial situation.)