|
At Farmers & Merchants Savings Bank, we
want you to understand that providing a broad range of financial
products and services to our customers today is as important as
it was when we were founded in 1901. In order to provide you
with the convenient financial products and services you have
come to expect, we rely increasingly on the use of technology to
manage and maintain customer information. Farmers & Merchants
Savings Bank employees strive to protect your privacy and adhere
to the following policy as a standard for collection, use,
retention, and security of nonpublic personal information. Our
bank policy has not changed, but the Gramm-Leach-Bliley Act and
consequent regulations require you to be apprised of the
following:
What Information We Collect
We may collect “nonpublic personal information” about you from
the following sources:
-
Information we receive from you on
application or other loan and account forms:
-
Information about your transactions
with us or others; and
-
Information we receive from a
consumer-reporting agency, such as credit bureaus.
“Nonpublic personal information”
is nonpublic information about you that we obtain in connection
with providing a financial product or service to you. Your
account balance, payment history, and overdraft history are all
examples of “nonpublic personal information”.
What Information We Disclose
We do not disclose any nonpublic personal information about our
customers to anyone, except as permitted by law. Examples
permitted by law include disclosing nonpublic personal
information about you to third parties to assist us in servicing
your loan or account with us, to government entities in response
to subpoenas, and to credit bureaus.
In the event your account becomes inactive or you decide to
close your account, we will continue to adhere to the privacy
policies and practices described in this notice.
Our Security Procedures
We also take steps to safeguard our customer information. Access
to your personal and account information is restricted to those
employees who need to know that information to provide products
and services to you. Employees who violate these standards will
be subject to disciplinary measures. Farmers & Merchants Savings
Bank maintains physical, electronic, and procedural safeguards
that comply with federal standards to guard your “nonpublic
personal information”.
|
