First Chatham Bank Settles Data Breach Lawsuit for $475,000

First Chatham Bank has agreed to a $475,000 settlement in response to a class action lawsuit related to a data breach that occurred in September 2024. According to NS3.AI, eligible class members who submit valid claims can expect to receive approximately $100 each on a pro rata basis. The deadline for submitting compensation claims is June 3rd, with a final approval hearing scheduled for June 18th.