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Vault Security & Disaster Recovery Essentials
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When: 9:00 AM
Where: United States

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Recommended for 2.5 CE Credits

Program Content:

Recent safe deposit vault burglaries, devastating fires, Tropical Storms Sandy and Allison, Hurricanes Harvey, Ike, Katrina, Rita, Wilma and Andrew and damaging tornados, raging floods and many other nationwide disasters have significantly impacted our safe deposit industry. Following these tragic events, financial institutions have been confronted with some very difficult challenges, decisions and very significant lawsuits.

Did you inherit the safe deposit area and then start wondering what liability might exist? Historically, this responsibility has been routinely passed from employee to employee with very little attention given to existing procedures or documentation. Unfortunately, only after a burglary, disaster or lawsuit occurs does management turn its attention to this area.

Whether you have 50 boxes or 5,000, this presentation provides a realistic and well-organized method of reviewing and auditing your procedures before a catastrophe occurs. Your speaker knows first hand what to look for; from the most common errors to the not so common, but potentially costly mistakes. This presentation will help you review your own internal procedures.

Covered Topics:

·        How could $300 million in box contents disappear during a safe deposit vault burglary?

·        What details about recent safe deposit burglaries have TV reporters covered recently?

·        What happened to all the safe deposit boxes after fire totaled four branches recently?

·        What 15 steps must be taken when a flood fills your vault with contaminated water?

·        Do you now have written disaster recovery plans to handle fire and flood disasters?

·        Why did 1,300 box renters file a multi-million dollar safe deposit lawsuit after a fire?

·        Why are many flooded safe deposit box disasters caused by defective plumbing?

·        How can proper vault door closing procedures help you avoid overnight guests?

·        How can FDIC or NCUA signs, logos or brochures create safe deposit liability?

·        Why should renters be provided with “No Insurance” disclosure forms?

·        What ten questions will always be asked in any safe deposit lawsuit?

·        How should employees be trained to answer consumer’s questions?

·        Why must phrases like “waterproof or fireproof” vault be avoided?

·        Would your part-time attendant make a good courtroom witness?

·        Why are self-service box renters now suing for millions?

Who Should Attend:

This informative program will benefit security officers, safe deposit supervisors, vault attendants, compliance officers, auditors, and your in-house legal counsel.


David P. McGuinn, President of Safe Deposit Specialists, is a former banker with over 45 years of safe deposit experience and is often referred to nationwide as the safe deposit GURU. In all 50 states he has trained over 350,000 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, Independent Community Bankers of America, National Association of Federal Credit Union and over 100 other financial associations. He has been interviewed by the Wall Street Journal, Money Magazine, New York Magazine, Fortune Magazine, Associated Press, National Public Radio (NPR), British Broadcasting Company (BBC), AARP, Bottom Line Financial, FDIC, CUNA, CNN, CBS, FOX, ABC, NBC Nightly News, Inside Edition, Crime Watch, 20/20 and Court TV on current safe deposit issues. McGuinn has created numerous DVD and web training programs and his Safe Deposit Regulatory/Compliance Manual and Policy and Procedures Handbook are now the accepted standard for the financial industry.

If you are unable to attend the webinar but would like to have this information for training purposes, you may also purchase an OnDemand website link and/or CD-ROM. 




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