Lily Jean Fund

BankGloucester is proud to be a trusted partner to collect funds for the FV Lily Jean Fund. Working with Cape Ann Savings Bank and the Gloucester Fishing Community Preservation Fund, all BankGloucester locations are accepting contributions benefiting the families of the F/V Lily Jean.

Click here to donate online.     |     Watch our video message.

 

 

Elder Financial Abuse: Protecting Your Loved Ones

As our loved ones age, protecting their financial well-being becomes increasingly important. Elder financial abuse is on the rise, often happening quietly through scams, unauthorized transactions, or even misplaced trust. Awareness and early detection are key to prevention.

Learn about common forms of senior financial abuse, key warning signs, and ways to prevent it.

What to Avoid: Common Scams & Exploitation

From Strangers & Scammers

  • Online Impersonation Scams – Fraudsters posing as government agencies, banks, or family members
  • Romance Scams – Online relationships used to request money
  • Investment Fraud – Fake opportunities, products, or excessive “fees”
  • Sweepstakes & Lottery Scams – Claims of winning a prize that require upfront payment

From Trusted Individuals

  • Using funds or assets without permission for personal gain
  • Misusing power of attorney authority
  • Pressuring or coercing seniors to sign over assets
  • Withholding funds or failing to pay bills despite available money

Warning Signs to Watch For


How to Help Prevent Financial Abuse


Financial abuse can happen to anyone, but being proactive and taking the steps needed can help prevent it. Know the warning signs, be mindful if something doesn’t seem right, and speak openly with loved ones about financial safety. As always, we’re here to help. If you have any questions or concerns, please reach out to a trusted BankGloucester staff member.

Additional Info & Resources

Red Flags

American Banking Association Tools

Mass Bankers Protective Resources

Better Business Bureau Videos