$1.185M Tri Counties Bank Settlement Ends Litigation Over February 2023 Data Breach

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Tri Counties Bank has agreed to a $1,185,000 settlement to resolve a class action lawsuit alleging that the financial institution failed to protect confidential consumer information stored on its systems from a February 2023 cyberattack.

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The Tri Counties Bank class action settlement received preliminary court approval on January 21, 2026 and covers all individuals whose private information may have been accessed during the data breach, including those who received a notice of data breach from the bank. Court documents estimate that approximately 74,385 individuals will be covered by the deal.

The court-approved website for the Tri Counties Bank data breach settlement can be found at TriCountiesSettlement.com.

According to the website, Tri Counties Bank settlement class members who submit a timely, valid claim form have multiple options for reimbursement.

Firstly, class members who submit a claim form with documented proof of out-of-pocket losses incurred due to the breach are eligible to receive up to $5,000 in reimbursement. The agreement outlines that class members must submit supporting documentation with their claim form to reimburse expenses related to identity theft and fraud services purchased after the data breach, costs of credit reports and credit freezing/unfreezing, and other expenses directly related to the breach.

In lieu of a documented loss payment, class members can file a claim form to receive a one-time alternative cash payment of approximately $100. Per the settlement site, no proof is required from class members to receive an alternative cash payout, which may become pro-rated based the number of valid claims filed and the amount remaining in the net settlement fund after all administrative costs, attorney’s fees and lead plaintiff service awards have been paid.

In addition to either cash payment, the agreement reports that settlement class members who are residents of California, or who lived in California at any point between February 7, 2023 and April 21, 2026, are also entitled to a one-time cash payment of approximately $150 due to state-specific statutory laws. Like the alternative cash payments, California statutory payments may be pro-rated should the number of valid claims exceed the settlement fund.

Tri Counties Bank class members may elect to receive their cash payout by check or electronic payment upon submission of their claim form, and the agreement states that all checks must be cashed within 120 days of issuance before expiration.

In addition to monetary benefits, all class members may file a claim to receive a code to enroll in one free year of expanded identity theft and fraud monitoring, including single-bureau credit monitoring, identity theft insurance and access to fraud resolution specialists, per the settlement agreement.

Moreover, Tri Counties Bank has agreed to improve its data system security as part of the settlement to better protect its stored information and mitigate the risk of a future data breach. 

To submit a Tri Counties Bank settlement claim form online, class members can head to this page and enter the CPT ID and passcode as found on their received copy of the settlement notice. Alternatively, class members can download a PDF claim form to print, complete and return by mail to the settlement administrator.

All Tri Counties Bank settlement claim forms must be submitted online or postmarked no later than April 21, 2026.

The court will determine whether to grant the Tri Counties Bank settlement final approval at a hearing on April 22, 2026. Compensation will begin to be distributed to class members only after final approval has been granted and any appeals have been resolved.

The Tri Counties Bank class action lawsuit alleged that the California-based financial institution failed to implement appropriate cybersecurity measures to protect the sensitive personal information stored in its systems from a February 2023 data breach. According to the filing, information that may have been extracted during the breach includes names, Social Security numbers, driver’s license and state identification numbers, passport numbers, digital or electronic signatures, tax ID numbers, access and login credentials, and mothers’ maiden names.

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