More Info
- General Info
- American Community Bank, also known as ACB, offers a range of financial products and services for individuals, midsize businesses and nonprofit organizations. The bank is a locally owned and operated institution that has been serving clients since 2000. It offers online bill payment options and credit and debit cards. The bank provides money market, checking and savings accounts. American Community Bank offers certificates of deposit and individual retirement accounts. The bank also provides a variety of personal and home equity loans. In addition, it offers online and telephone banking services. American Community Bank is a member of the Federal Deposit Insurance Corporation (FDIC).
- Email Business
- Extra Phones
Fax: (516) 609-0900
- Payment method
- cash, check, debit, visa
- Neighborhood
- Glen Cove
- Other Links
- Other Email
- Categories
Reviews
04/20/2013
I was going to do business with american community until i found out that one of their principals was dishonest. take a look at one negotiated settlement against aldo verrelli. i wouldn't do business with them.
allegations:
mony securities corporation
unsuitable investment; unauthorized transactions; improper
placement on margin; failure to properly diversify; improper
recommendation; failure to take into consideration claimant's
lack of investment experience; failure to follow actual
investment objectives; failure to fully advise of the risks;
excessive amounts of life insurance recommendation;
material misrepresentation and omissions; churning, fraud,
breach of contract, breach of duty of care.
n addition to the allegation raised in the claimant's original
complaint of 8/13/2001 regarding mr. verrelli's failure to
follow her investment objectives (unsuitability), the claimant
has alleged that mr. verrelli "engaged in unauthorized
transactions, improperly placed claimant's account on
margin, failed to fully advise claimant of the risks of her
investments, made material misrepresentations and omissions
to claimant with respect to the investments that were
recommended to her." time period: 7/98 - 7/2000
disposition detail:
stipulated award issued; claimant and the respondents
entered into an agreement to settle and compromise dated
april 2004 upon completion of mediation; the parties entered
into an agreement to present the panel a stipulated award;
the claims against respondent are dismissed with prejudice
Details
Phone: (516) 609-2900
Address: 300 Glen St Ste 1, Glen Cove, NY 11542
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