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Privacy
Policy
At First State Bank we want our customers to feel confident that their
relationships with us are treated with confidentiality. Keeping your
financial information secure is one of our most important
responsibilities. We value your trust and handle your information with
care.
As a bank customer you have a right to financial privacy, and we at
First State Bank respect this right. Bank Employees necessarily acquire
confidential information that customers consider to be extremely
sensitive. Our employees have been instructed that this information must
not be revealed to unauthorized persons, and that this information is
not to be discussed with others within the bank unless others involved
require the information to perform their duties. By bank policy customer
financial information is released to people outside the bank only when
the release is authorized by the customer, by the bank, or when the
information has been subpoenaed either by a court or the Internal
Revenue Service. Then, we make every effort to ensure that the
information released is accurate and within the confines of the
authorizing release document. The release of customer information is
always based on a written document, and the release is conducted in
accordance with the written instructions contained in the document.
Under banking regulation we are required to provide you with a statement
regarding the bank's customer privacy policies. This letter contains
that information.
Categories of information the bank collects. As you probably
realize, we collect information on you when you open an account and
through the administration of these accounts. The categories of
information the bank collects include: (I) transaction accounts, (2)
savings accounts, (3) certificates of deposit, (4) safe deposit boxes,
(5) credit applications, and (6) loan accounts. We also obtain credit
reports on customers from time to time.
Categories of information the bank may disclose. Except as
specifically discussed elsewhere in this letter, this bank does not
intend to disclose consumer or customer information to others unless
authorized by you. In particular, this bank has no intention of
selling customer lists to others so that they can market products
directly to you.
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Categories of parties to whom the bank may disclose information.
There are no such categories. We do not disclose any nonpublic personal
information about customers or former customers to anyone, except as
permitted by law.
Information about former customers. The bank does not treat
information about former customers any differently than it does current
customers. Specifically, the bank does not release nonpublic personal
information about former customers to outside third parties, except as
permitted by law.
Information disclosed to service providers and joint marketers.
In the course of routine business, from time to time the bank discloses
nonpublic information about its customers to third parties who are under
contract to the bank to perform services for the bank. When we do so,
the contract contains provisions that require the contractor to use the
information only for the purposes intended and that the contractor not
divulge the information it receives from the bank to others.
Customer right to "opt out". If at anytime in the future the bank
changes its policies and shares nonpublic information about customers
with outside third parties, before doing so we will notify you of our
intent and the notice will contain a telephone number you can call to
opt-out. If you opt-out, no nonpublic information that comes from your
relationship with the bank will be shared with the third party, except
as permitted by law. Before information is shared, you will be given a
reasonable amount of time to make this opt-out decision, and thereafter
you may choose to opt-out at anytime.
Disclosures required under Fair Credit Reporting Act. By law, the
bank is permitted to share information with sister organizations of
which the bank is affiliated. Under the Fair Credit Reporting Act you
have "opt-out" rights regarding certain information. Before this
information is shared with an affiliate we will send you a notification
and we will explain to you how to opt-out. Then, if you choose to
opt-out, the information will not be shared with the affiliated company.
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Disclosures regarding confidentiality and security of information.
The bank regards the confidentiality and security of customer
information as a serious matter. We restrict access to areas where
customer information is kept, access to the information is granted only
to employees who need such access in the performance of their duties. In
addition, we have internal procedures that are designed specifically to
protect this information from outsiders. These procedures will be
reviewed annually.
About "Cookies". First State Bank’s Online Banking program uses
"cookies" for administrative purposes only. A 'cookie" is a small text
file placed on your hard drive by our Online Banking Server. This is to
provide a better service and a more effective web site. We do not use
cookies to get data from your hard drive or to get your email address or
personal identifying information. Cookies are commonly used on web sites
and do not harm your system.
Important information about procedures for opening a New Account.
To help the government fight the funding of terrorism and money
laundering activities, Federal law requires all financial institutions
to obtain, verify, and record information that identifies each person
who opens an account. What this means for you: when you open an account,
we will ask for your name, address, date of birth, and other information
that will allow us to identify you. We may also ask to see your driver's
license or other identifying documents.
The privacy of children. This financial institution respects the
privacy of children. We do not knowingly collect names, email address,
or any other personally identifiable information from children on our
website. We do not knowingly market to children nor do we knowingly
allow children to utilize the website.
Thank you for banking with us. If you have any questions
about this or other policies of the bank, please call (580) 933-4201. We
are proud to have you as a customer. You may rest assured we are doing
everything we can to protect the privacy of the financial information in
which you have entrusted to us.
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