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THE FARMERS STATE BANK AND TRUST COMPANY
PRIVACY POLICY DISCLOSURE
The Farmers State Bank and Trust Company knows how important personal privacy is to you. Because of our interest in protecting your privacy, we have adopted the following policy to assure your privacy is maintained. Under provisions of the Gramm-Leach-Bliley Act, the Bank is required to disclose its Privacy Policy to all account holders. We hope that the following statements will assist you in understanding the measures we take to protect your personal and financial information.
- Recognition of a Customer's Expectation of Privacy. We recognize and respect the privacy expectations of all of our customers.
- Use, Collection and Retention of Customer Information. We collect, retain and use information about our customers only to the extent we believe such information is necessary, useful and allowed by federal and state law, to enable us to conduct our business with you.
We collect nonpublic personal information about you from the following sources:
- Information we receive from you on applications or other forms, such as: your name, address, social security number, assets, and income.
- Information about your transactions with us, our affiliates, or others, such as: your account balance, payment history, parties to transactions, and credit card usage.
- Information we receive from a consumer reporting agency, such as: your creditworthiness and credit history.
- Limiting Employee Access to Information. We have procedures that limit employee access to personally identifiable information to our employees with a legitimate business reason for knowing such information. We train our employees to make sure that they understand the importance of confidentiality and customer privacy. We take appropriate disciplinary measures to enforce employee privacy responsibilities.
- Security Procedures to Protect Information. We maintain security standards and procedures to help prevent unauthorized access to confidential information about you. We update and test our technology to improve the protection of our information about you and to assure the integrity of our information.
- Restriction on Disclosing Information to Affiliates and Non-Affiliated Third Parties. We do not reveal specific information about our customers or former customers accounts or other personally identifiable data to parties outside our company for their independent use unless: (1) you request or authorize it; (2) the information is provided to help complete a transaction initiated by you; (3) the information is provided to a reputable credit bureau or similar information reporting agency; or (4) the disclosure is lawfully permitted or required. We do not provide account or personal information to companies outside The Farmers State Bank and Trust Company for the purpose of independent telemarketing or direct mail marketing of any products and services of those companies.
- Maintaining Your Privacy in Business Relationships with Parties outside The Farmers State Bank and Trust Company. Sometimes it is necessary to provide personally identifiable information about you to a party outside The Farmers State Bank and Trust Company, such as to a vendor or service company that we hire to prepare your account statements or to provide support or services for one or more of our products. These vendors and service companies agree to safeguard our confidential information about you and your products and services with us and must abide by applicable federal and state law.
- Disclosing our Privacy Commitment to You. We want you to understand our commitment to personal privacy and our use of information. For this reason, we have prepared these Privacy Principles. Should you have any questions please do not hesitate to contact us.
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