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Time Bank Data Breach Lawsuit Investigation
Shamis & Gentile P.A., one of the nation's premier class action law firms specializing in data breach cases, is investigating the Time Bank data breach.
If you were affected by the data breach, your sensitive personally identifiable information may have been exposed, and you may be eligible for compensation.
About Time Bank
Time Bank is a U.S.-based, family-owned community bank founded in 1995. The bank operates with a national, largely branchless footprint, serving both personal and commercial clients. It is known for combining traditional relationship banking with in-house decision making, aiming to provide fast and straightforward service.
The bank’s main focus is on commercial and real estate-related lending, such as investment property loans, construction loans, lines of credit and SBA-backed financing for businesses. Time Bank also offers personal banking services, including checking and savings accounts, CDs, money markets and digital banking features like mobile deposits and Zelle transfers.
What Happened?
In August 2025, a data breach occurred involving Time Bank’s third-party vendor, Marquis Software Solutions Inc. On Aug. 14, 2025, Marquis detected suspicious activity on its network and determined it was the victim of a ransomware attack. The investigation revealed that an unauthorized party accessed Marquis’ network and may have acquired files containing sensitive customer information.
The breach was limited to Marquis’ environment and did not affect Time Bank’s internal systems. However, personal information belonging to Time Bank customers was potentially exposed. So far, the cybersecurity breach has impacted at least 3,942 Time Bank customers in Iowa, nine in Washington, and two in Maine.
Possible Information Exposed
- Names
- Addresses
- Phone numbers
- Social Security numbers
- Taxpayer Identification Numbers
- Financial account information
- Dates of birth
Beginning on Nov. 26, 2025, the data breach was disclosed to the Attorney General's offices in Iowa, Maine and Washington. Notifications to affected individuals began in late October and continued through November.
Your Rights and Next Steps
If you received a notification about this data breach, it is important to understand your rights. Laws in many states require companies to notify individuals when their personal information has been compromised. Time Bank’s vendor, Marquis, has offered complimentary credit monitoring and identity theft protection services to affected individuals.
Here are steps you can take right now:
- Review any letters or emails you received about the breach to confirm if your data was involved
- Enroll in the free credit monitoring and identity protection services being offered
- Monitor your bank accounts and credit reports for any suspicious activity
- Consider placing a fraud alert or security freeze on your credit file with the major credit bureaus
- Report any signs of identity theft to law enforcement and the Federal Trade Commission
Lawyers are ready to help individuals whose information was exposed in this breach. If your data was compromised, you may have the right to seek compensation for any harm or risk you have experienced.
You May Be Entitled to Compensation
If you were notified that your information was involved in the Time Bank data breach, you may be eligible to join a class action lawsuit and pursue compensation. Lawyers are currently investigating claims and are ready to help affected individuals understand their legal options.
To find out if you qualify, complete the below form. This is a no-cost, no-obligation way to take action and protect your rights.
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