Official Case FileIN · Jan 28, 2026

Crystal Valley Financial Corporation dba First State Bank of Middlebury Data Security Incident

Investigation Open

Reported to the IN Attorney General on January 28, 2026.

IN residents may qualify for compensation. Free attorney review — no obligation, no upfront cost.

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§ I

What Happened

Financial institutions like Crystal Valley Financial Corporation dba First State Bank of Middlebury are prime targets because of the direct access their records provide to victims' assets. According to a IN state filing, Crystal Valley Financial Corporation dba First State Bank of Middlebury experienced a data security incident affecting an undisclosed number of individuals, exposing Social Security Numbers and financial account data. This case remains active and individuals are still being identified.

The financial services industry is subject to some of the most stringent data protection requirements in the country, including state-level breach notification laws and federal standards under the Gramm-Leach-Bliley Act. Despite these requirements, Crystal Valley Financial Corporation dba First State Bank of Middlebury experienced a breach that exposed sensitive customer data. Affected customers have grounds to seek accountability under both Indiana data breach notification law and applicable federal statutes.

§ II

Case Facts & Filing Record

State Filed
IN
Date Reported to AG
Jan 28, 2026
Date of Breach
Oct 30, 2025
Records Affected
Not disclosed
Filing Status
Investigation Open
Last Updated
Jul 21, 2026
Data Types Exposed(inferred from industry — not specified in filing)
Financial AccountSSNDate of BirthAddressEmail
§ III

Risk Analysis — Exposed Data

This filing does not specify data types. Based on Crystal Valley Financial Corporation dba First State Bank of Middlebury's industry, the following risks are commonly associated with similar breaches:

Financial Fraudcritical

Exposed bank and card information allows direct account draining, unauthorized purchases, and fraudulent wire transfers. Act immediately if you notice unfamiliar charges.

Identity Theftcritical

Exposed Social Security Numbers can be used to open fraudulent credit accounts, file false tax returns, and commit federal benefits fraud — often for years before detection.

Identity Verification Bypassmedium

Combined with a name and other leaked data, date of birth helps criminals pass identity verification questions at banks and government agencies.

Physical Security Riskmedium

Home address exposure can enable mail theft, package fraud, and targeted phishing attacks that reference your known location.

Targeted Phishingmedium

Your email being connected to this breach makes you a high-value phishing target. Watch for impersonation attempts referencing the company or the breach.

§ IV

Do You Qualify for Compensation?

Under the Indiana data breach notification law, you may have a legal claim against Crystal Valley Financial Corporation dba First State Bank of Middlebury if any of the following apply:

  • You received a written data breach notification letter from Crystal Valley Financial Corporation dba First State Bank of Middlebury
  • You are or were a customer, patient, or employee of Crystal Valley Financial Corporation dba First State Bank of Middlebury
  • Your information was held by Crystal Valley Financial Corporation dba First State Bank of Middlebury in IN
  • Your Social Security Number may have been compromised
  • Your bank or payment card data was potentially exposed

Applicable law: This breach was reported under the Indiana data breach notification law, which establishes your right to seek damages from Crystal Valley Financial Corporation dba First State Bank of Middlebury.

§ V

Your Legal Rights — Compensation Available

01
Lost Time & Remediation Costs

The hours spent responding to a data breach — canceling accounts, contacting credit bureaus, updating passwords, and investigating fraud — represent compensable economic harm in data breach litigation.

02
Identity Theft Protection Costs

Once your SSN is exposed, protection becomes an ongoing expense. Plaintiffs in data breach settlements have recovered costs for credit freezes, identity protection subscriptions, and time spent dealing with fraudulent accounts — sometimes covering multiple years of exposure.

03
Banking & Account Fees

Fees charged to close and reopen accounts, issue replacement cards, or dispute fraudulent transactions are recoverable in data breach litigation. So are the costs of overdrafts, late payments, and credit damage caused by unauthorized activity.

04
Statutory Minimum Damages

Several state data breach laws provide for statutory minimum damages — fixed amounts recoverable per affected individual regardless of actual loss. These provisions exist specifically to make legal action viable for victims who have not yet experienced direct harm.

§ VI

Frequently Asked Questions

Do I need proof that my data was misused to file a claim against Crystal Valley Financial Corporation dba First State Bank of Middlebury?

No. Under Indiana data breach notification law and federal law, the unauthorized exposure of your personal data — regardless of whether it has been actively misused — can be sufficient grounds for a claim. The breach itself is the injury.

How much does filing a claim cost?

Nothing. The Law Office of David S. Harris handles data breach cases on contingency — you pay zero upfront and owe nothing unless compensation is recovered.

My Social Security Number was exposed. What should I do right now?

Immediately place a free credit freeze at all three bureaus (Equifax, Experian, TransUnion). A freeze blocks new accounts from being opened in your name. Then file a complaint with the FTC at IdentityTheft.gov and contact our office — SSN exposure is one of the most serious breach types.

My financial account data was exposed. Can the bank recover my losses?

Banks may reverse fraudulent charges, but they are not obligated to compensate you for time lost, stress, or indirect damages. A class action claim against the breached company can recover those additional categories of harm.

Is there a deadline to file a claim?

State statutes of limitations for data breach claims typically run 2–4 years from the date of the breach or its discovery. Because this breach was recently disclosed, the window is open — but acting early preserves your options and strengthens the case.

What if Crystal Valley Financial Corporation dba First State Bank of Middlebury offered me free credit monitoring after the breach?

Accepting free credit monitoring from Crystal Valley Financial Corporation dba First State Bank of Middlebury does not waive your right to pursue legal action unless you signed a specific release waiving claims. In most cases, victims who accepted monitoring can still file.

Do I need to have received a notice letter to be eligible?

Not necessarily. Many data breach victims are never notified directly. If your personal information was held by Crystal Valley Financial Corporation dba First State Bank of Middlebury during the relevant period, you may still qualify even without receiving a letter. A free eligibility review can confirm your status.

Received a notification letter from Crystal Valley Financial Corporation dba First State Bank of Middlebury?

Read our dedicated guide — what the letter means and exactly what to do.

Read Letter Guide →
§ VII

Submit Your Free Case Review

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Source: State Attorney General filing, IN

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