Social EngineeringFinancial ServicesFinancePhishingCustomer Data InvolvedEmployee Data InvolvedIdentity (basic)Government IDFinancial accountMediumContained

Merchants Bank

bd_01647b4490b4eb37 · schema v1 · pii pii-v1

Severity

Medium

Discovered

Feb 24, 2025

Filed

Apr 23, 2026

To disclose

—

Affected

2state residents only

Linked

4 filings

Confidence

66%

Full breach record for Merchants Bank →3 incidents on file

Merchants Bank notified the Maryland Attorney General of a phishing incident on September 11, 2024, affecting one employee's email account. The breach exposed the personal information (name, SSN, financial account numbers) of approximately two Maryland residents. Discovery occurred on February 24, 2025, following forensic review. Notifications and credit monitoring services were offered to affected individuals starting March 25, 2025.

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Incident timeline

undetected · 166 days

Sep 11, 2024

Begins

Feb 24, 2025

Discovered

Apr 23, 2026

Filed

This filing is one of 4 about the same incident.View merged incident

Linked disclosures

Why this link?

Regulatory filings (3) · sorted by filing gap

Indiana State AGbd_46807cb70e6ad7b32025-03-25 · +394dCandidate
Maine State AGbd_64d7fccf9a800b812025-03-25 · +394dVerified
Nebraska State AGbd_fd23be745652ddb72025-03-25 · +394dVerified

Name: MCDONALD HOPKINS LLC
norm: mcdonald hopkins

Name: Merchants Bank
norm: merchants bank
Industry: financial_services
Industry: Financial Servicesllm

Discovered: Feb 24, 2025
Breach occurred: Sep 11, 2024
Undetected for: 166 daysoccurrence → discovery
Materiality determined: —
Notification sent: Mar 25, 2025
Affected individuals: 2state-resident count only
Data types: Identity (basic)Government IDFinancial account
Data elements: Social Security number
Attack vector: Phishing
MITRE ATT&CK: T1566.002 Spearphishing Link
Threat actor: ExternalFinancial
Regulator citations: Notified the Maryland Attorney General's Office
Initial access: phishing_link

During the incident: Contained the threat
Commenced a prompt and thorough investigation
Working very closely with external cybersecurity professionals
Following a forensics investigation, and extensive manual document review
Provided the affected residents with written notification
Offering the residents with Social Security numbers impacted a complimentary one-year membership with a credit monitoring service
Changes made: Continually evaluates and modifies its practices to enhance the security and privacy of the personal information it maintains
Source: Quoted from the filing itself, not independently verified.

Compliance flags: — (clock not assessable for this source)

Status: No extraction artifact recorded for this disclosure.

Filing propagation · 4 filings · 4 states

View merged incident ↗

Indiana State AGMar 25 · first

Maine State AGMar 25 · first

Nebraska State AGMar 25 · first

Maryland State AG+394d · this page

Pattern: first filing Mar 25 (IN), last Apr 23 (MD) — a 394-day rolling notification. Rolling spreads often mean counsel is filing as thresholds trip per state. Why this link?

Evidence ladder

Leak-site claim

Attacker assertion only. Establishes: claim date, group, alleged victim.

Press / market report

Unlocks: incident narrative, operational impact. Still no compliance clock.

State AG / regulator filingThis record

Unlocks: discovery date, data types, affected count, compliance clock.

SEC 8-K / victim statement

Unlocks: materiality, stated response, full audit trail. Ceiling removed.

Source URL: https://oag.maryland.gov/resources-info/SBN%20Documents/2025/ITU-376753.pdf
DisclosureLens links to the originating regulator URL — full filing bodies are not redistributed from public surfaces (§4.5).
Filed at: Apr 23, 2026
Raw hash: ea4cab1dcef98b904fbbfa74299646463f147b28925854b42c5503043417014f

Linked disclosures

Regulatory filings (3) · sorted by filing gap

Reporting entityMCDONALD HOPKINS LLC

Victim entityMerchants Bank

Incidentdiscovered Feb 24, 2025

Stated responseContained the threat

Complianceclock not assessable

Extraction provenanceno artifact recorded

Source provenanceoag.maryland.gov