NOTICE OF YOUR FINANCIAL PRIVACY RIGHTS
As a new member of the State Bank of the Lakes family, we want you to know that we will manage your financial transactions in the confidential manner that you deserve. We know that it is important to you to keep your financial information private, and unlike some other financial institutions, we will never share or sell your name or information with outside companies.
“We”, “our”, and “us”, and “Bank” when used in this notice, mean State Bank of The Lakes, “You” and “your”, when used in this notice means any customer with an ongoing relationship with any of the following products:
- Deposit account
- Loan account
- Credit card account
- Safe deposit box
- Self-directed Individual Retirement Account
We first define some terms:
Nonpublic personal information is information that we collect about you in association with providing you with a financial product or service. Nonpublic personal information does not include information that is available from public sources, such as telephone directories or government records. “Information”, when used henceforth will mean nonpublic personal information as defined in this section.
An affiliate is a company we own or control, a company that owns or controls us, or a company that is owned or controlled by the same company that owns or controls us. Ownership does not mean complete ownership, but means owning enough to have control. . A nonaffiliated Third Party is a person we do not employ or a company that is not an affiliate of ours.
INFORMATION WE COLLECT ABOUT YOU
We collect nonpublic personal information about you from the following sources:
- Information you give us on applications or other forms
- Information about your transactions with us, our affiliates, or others,
- Information we receive from performing Customer Identification Procedures.
- Information we receive from a consumer reporting agency
CATEGORIES OF NONPUBLIC PERSONAL INFORMATION WE MAY DISCLOSE
We may disclose the following kinds of nonpublic personal information about you:
- Information we receive from you on applications or other forms, such as your names, 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.
CATEGORIES OF AFFILIATED THIRD PARTIES TO WHOM WE MAY DISCLOSE
We may disclose nonpublic personal information about you to the following types of affiliated third parties:
- Financial service providers, such as mortgage bankers, securities broker-dealers, or insurance agents. We may also disclose nonpublic personal information about you to nonaffiliated third parties as permitted by law.
CONFIDENTIALITY AND SECURITY
We restrict access to nonpublic personal information about you to those employees who need to know that information to provide products or services to you.
We maintain physical, electronic, and procedural safeguards that comply with federal standards to guard your nonpublic personal information.
