A US bank is preparing to hand over thousands of dollars to customers after a network breach compromised their sensitive data.
American National Bank & Trust has settled a class action lawsuit accusing the lender of failing to implement or maintain adequate data security measures to protect customers’ private information.
According to the recently updated settlement portalcustomers will receive up to $4,500 for documented out-of-pocket losses resulting from the breach, such as unrefunded fees or fraud resolution costs.
Those without losses can claim a $50 cash payment, and all eligible class members also get one year of three-agency credit monitoring with $1 million in identity theft insurance.
The breach occurred in January of last year, when an unauthorized actor gained access to the bank’s network and obtained names, dates of birth, Social Security numbers, tax identification numbers, driver’s license and state identification card numbers, passport numbers, financial account information, payment card information and certain medical information.
US residents who have received the bank’s notification letter are eligible. Claims must be submitted online or postmarked by April 21, 2026.
Opt-outs or objections must be submitted by March 23, and a final approval hearing is scheduled for April 28.
The bank denies wrongdoing and says it has reached a settlement to avoid a lengthy and expensive lawsuit.
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