Tri Counties Bank is a community bank, which is based in the United States, that provides everyday financial services such as savings accounts, loans, mortgages, and business banking; recently they have agreed to a settlement of $1.19 million to resolve a class action lawsuit.
The settlement is going to benefit the individuals who are among the class members. If you are one among the class members, you can expect to get up to $5,000 by submitting the claim form, which can be done online or offline.
Here, we have discussed everything you need to know about the Tri Counties Bank data breach settlement. Read this article to check if you are eligible to get a payout, how much you can expect to get, how to file a claim, and much more.
Tri Counties Bank Data Breach Settlement
The Tri Counties Bank was sued for the late 2023 data breach incident, which comprised personal information of around 74,000 individuals. To resolve this matter, the company has agreed to a settlement without accepting any wrongdoing, which will benefit class members.
The settlement has already received the preliminary approval from the court, and the claim form filling is taking place. To get a payout from the Tri Counties Bank data breach settlement, make sure you submit a claim form by the due date, which is set as April 21, 2026.
Who will get a payout from the Tri Counties Bank settlement?
The payout from the Tri Counties Bank data breach settlement is going to be received by class members who will file their claim form on or before the deadline. You can file it online via web portal or, alternatively, offline via postmarking.
Who are class members of the Tri Counties Bank settlement?
Only those individuals are considered as class members for the Tri Counties Bank data breach settlement who are US citizens and whose personal information was compromised in the Tri Counties Bank late 2023 cybersecurity incident.
Additionally, they have received a notice from the settlement administrator, which carries the CPT ID and passcode. It is mandatory to have both of these credentials, because they are required to file a claim form for the settlement.
How much will be received from the Tri Counties Bank data breach settlement?
The amount you can get from the Tri Counties Bank data breach settlement depends on your claim form type. If you submit a claim form for the documented loss incurred due to a cybersecurity incident, you can expect to get up to $5,000. It can be claimed for the following out-of-pocket expenses:
- Fraudulent bank or credit card charges
- Credit monitoring/identity protection costs
- Fees to freeze or unfreeze your credit
- Postage, phone, or printing costs related to fixing the issue
- Notary or document replacement fees
- Travel expenses for resolving fraud problems
- Lost money due to identity theft
- Time spent dealing with fraud or account recovery
If you claim the alternative cash payment, you can expect a payout of around $100. Class members who belong to California and those who lived any time between February 7, 2023, and April 21, 2026, in California, you can get an additional payment of $150 as a statutory payment.
In addition to the cash benefit, you will also get one year of credit monitoring services and insurance coverage up to $1M.
How to file a claim form for the Tri Counties Bank settlement?
In order to file an online claim form for the Tri Counties Bank data breach settlement, go through the step-by-step instructions available below.
- Go to the Tri Counties Bank data breach settlement website at https://tricountiessettlement.com/.
- Click on the ‘Submit Claim’ button and go to the next page.
- Fill in your CPT ID and passcode, and then click on the Login button.
- Enter your basic information and other details accurately.
- Upload documents for the out-of-pocket expenses, if you have any.
- Choose a payment gateway and provide the details for the same.
- Review all the details accurately and submit your claim form for the further reference.