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Individuals who received a notice from First Chatham Bank stating a September 2024 data breach affected their private information may be eligible to claim an estimated $100 from a class action settlement.
First Chatham Bank agreed to pay $475,000 to resolve a class action lawsuit alleging it failed to adequately protect sensitive customer information, including names, addresses, dates of birth, driver’s license numbers, Social Security numbers, financial account numbers and payment card information. The lawsuit claimed this resulted in a targeted cyberattack on its computer systems.
Who can file a claim?
The class includes all living individuals residing in the United States whom First Chatham Bank sent a notice stating the September 2024 data incident impacted their private information.
The settlement administrator will use the bank’s records to verify eligibility.
How much can class members get?
The total settlement fund is $475,000. After deducting court-approved attorneys’ fees, service awards for the class representatives and administrative costs, the settlement administrator will distribute the remaining funds equally among all valid claimants. This is known as a pro rata distribution.
Each eligible class member who submits a valid claim will receive a cash payment. The estimated amount is $100, but the actual payment may be higher or lower depending on the number of valid claims submitted.
How to claim a settlement payout
Class members can file a claim online or print out a claim form from the settlement website, complete it and mail it to the settlement administrator.
Settlement administrator's mailing address: First Chatham Data Incident Settlement, c/o Settlement Administrator, P.O. Box 25226, Santa Ana, CA 92799-9958
The claim deadline is June 3, 2026. The administrator will not consider claims submitted after this date.
What proof or documentation is required to submit a claim?
To file an online claim form, class members must log in with the unique ID and PIN located on the settlement notice they received.
After submitting a claim, the settlement administrator may contact the class member if it requires additional information to verify eligibility.
Payout options
- Class members who file a claim online may be able to select a digital payment option.
- Class members who file by mail will receive a paper check.
$475,000 settlement fund breakdown
The $475,000 settlement fund covers:
- Settlement administration costs: To be determined
- Attorneys' fees and costs: Up to $166,250
- Service awards to class representatives: $2,000 each for four representatives ($8,000 total)
- Payments to eligible class members: The remainder of the fund
Important dates
- Deadline to file a claim: June 3, 2026
- Deadline to opt out: June 3, 2026
- Final approval hearing: June 18, 2026
When is the First Chatham Bank data breach settlement payout date?
The settlement administrator will distribute payments approximately 60 days after the court resolves any appeals and grants final approval of the settlement.
Why is there a class action settlement?
The class action lawsuit alleged a cyberattack compromised First Chatham Bank’s computer systems in September 2024. The plaintiffs claimed the bank failed to adequately protect customer data, resulting in unauthorized access to sensitive personal information.
First Chatham Bank denies any wrongdoing but agreed to settle to avoid the expense, disruption and uncertainty of continued litigation.
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