American Marine Bank Relies on Farm9 for Internet Security Compliance to Support Customer-Driven Growth.OAKLAND, Calif. -- Farm9 Security Services Keep Pace as Community Bank Provides Convenient New Locations for Customers in Western Washington Farm9, the leading network security compliance company for western U.S. banks, today announced that American Marine Bank, headquartered in Bainbridge Island, Washington, relies on Farm9 information security services to ensure regulatory compliance and customer privacy as it opens additional offices. American Marine Bank is a community bank with assets of $334 million as of December 2004. American Marine Bank is growing to meet the needs of its customers in western Washington. Complementing seven banking and two lending offices, the bank opened the second of four new Safeway in-store locations in December 2004. As the bank grows, Farm9 services keep pace, providing a range of services designed to help community banks meet and exceed regulatory requirements for information security, privacy, and processes. "While we are in a period of growth at American Marine Bank, our commitment remains where it has been for over 56 years: providing excellent personal service personal service n. delivering a summons, complaint, notice to quit tenancy or other legal document which must be served by handing it directly to the person named in the document. Personal service is distinguished from "constructive service," which includes posting a notice on property and then mailing a copy to the resident, or publishing a summons directed toward a person the court has found is hiding to avoid service. and commitment to the communities we serve. The extended hours and convenient locations of our new in-store offices demonstrate this commitment. And with Farm9 experts focused on network security, American Marine Bank personnel can continue to focus on delivering the levels of personal service that customers have come to expect from American Marine Bank," said Renzo Lucioni, CFO of American Marine Bank. During 2004, American Marine Bank expanded its security agreement with Farm9 to include the Farm9 Bank Security Compliance Package. This suite of managed security services has been specifically designed for banks and financial institutions responding to regulatory requirements. The package features around-the-clock analytic network monitoring as well as regularly scheduled security testing and assessments as recommended by FFIEC FFIEC - Federal Financial Institutions Examination Council, Gramm-Leach-Bliley Act (GLBA GLBA - Gramm-Leach-Bliley Act of 1999 (Financial Modernization Act of 1999) GLBA - Gay and Lesbian Business Association GLBA - Gay Lesbian and Bisexual Alliance GLBA - Gay Lesbian Bisexual Alliance GLBA - Gay Lesbian Bisexual and Allies GLBA - Gay, Lesbian and Bi-Affectionate Association GLBA - Gay, Lesbian, Bisexual Association GLBA - Gibsons Landing Business Association (Canada) GLBA - Glacier Bay National Park & Preserve (National Park Service)), FDIC and OCC. "It's simply not time and cost efficient for a bank our size to handle compliance and security with our internal team. If we were to do this job internally, it would take at least one highly trained professional full time to accomplish all we are accomplishing with Farm9," said Tammie Kellison, V.P. Information Services Manager of American Marine Bank. "There's no doubt that Farm9 saved us time and money. Farm9 has proven, 24x7 expertise on security monitoring, analysis, and auditing -- and at the same time, they are small enough to know our names and have a really personal commitment to meeting our requirements." Said Guy Morgan, CEO of Farm9, "We're pleased to help American Marine Bank effectively handle today's challenging range of regulatory, financial, and privacy issues. And as they grow, we will be there to help with an expanding portfolio of services. Community banking is about providing personal service, and by managing security and compliance, Farm9 enables banks to focus on this vital aspect of their business." About Farm9 Farm9 is an information security company providing regulatory-compliant solutions to the banking industry. Farm9's services include network security monitoring and analysis (managed security services) and information security assessments to ensure compliance with federal and state information security guidelines and regulations. Unlike other information security companies, Farm9 is laser-focused on the regulations governing financial institutions, and community banks in particular; providing compliance with FFIEC, Gramm-Leach-Bliley Act (GLBA), Sarbanes-Oxley Act, NCUA and the California Breach Disclosure law as well as information security requirements of HIPAA, OMB, FERC, and FERPA FERPA - Family Educational Rights and Privacy Act (aka the Buckley Amendment) FERPA - Fédération Européenne des Retraités et des Personnes Agées (French). Farm9's clients include The Mechanics Bank, American Marine Bank, Tamalpais Bank, Delta National Bank and more than 5 percent of mid-size banks in the western U.S. Farm9 team members are known for their security expertise and are the creators of CryptCat, one of the most widely-used open source anti-hacker tools. |
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