Do you find that the cost of retaining the 3rd party is worth it – i.e. is the amount of funds collected worth investing in the 3rd party?

 

From: xxxxxx@marug.simplelists.com <xxxxxx@marug.simplelists.com>
Sent: Wednesday, August 23, 2023 10:01 AM
To: xxxxxx@simplelists.com
Subject: SilverLake MA-RUG RE: Charged Off DDA Recovery of Funds?

 

 *** WARNING ***

   EXTERNAL EMAIL – This message originates from outside our organization.

 

Good morning!


We use a third party.

 

Lois

 

Lois E. Ellis, CRCM

VP, Operations Risk Manager

O 585.627.1335

C 585.943.0070

 

220 Liberty St.

Warsaw, NY 14569

xxxxxx@Five-StarBank.com

 

 

 

From: xxxxxx@marug.simplelists.com <xxxxxx@marug.simplelists.com> On Behalf Of Joseph Sauer
Sent: Wednesday, August 23, 2023 9:59 AM
To: xxxxxx@simplelists.com
Subject: [EXTERNAL] SilverLake MA-RUG Charged Off DDA Recovery of Funds?

 

Warning: This email did not originate from the Five Star Bank Email system. Please do not open attachments, click on links, or provide your credentials if the source is suspicious

 

Good morning,

I was curious as to how other banks are handling collection/recovery of Charged Off DDA Accounts (Principal and Fees owed) – do you use a third party collection agency, internal collections department, or neither?

 

JOSEPH SAUER
Deposit Administration Manager
570 533 3972 | 888 868 3858 x77520
xxxxxx@psbt.com

82 Franklin Ave |Hallstead, PA 18822

PSBTLogoHorz_promo2c4email-v2

 

 

 

 

 

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Notice: This electronic mail message and any files transmitted with it are intended exclusively for the individual or entity to which it is addressed. This message may contain confidential and/or privileged information that is the property of Peoples Security Bank and Trust Company and is protected by law. Any unauthorized review, use, printing, saving, copying, disclosure, or distribution of this message is strictly prohibited. All reasonable precautions have been taken to ensure no viruses are present in this email. You, as the receiver, are responsible for following your virus checking procedures. If you are not the intended recipient, please immediately advise the sender by reply email and completely delete all copies of this message.