 The Bank of Fayette County Privacy PolicyDecember 16, 2010
Dear Friends and Customers:
Our Banking Regulators require that we send you annual privacy notices. If you are like me, you receive these notices every time you go to the doctor or hospital and every bank and Credit Card Company fills your mailbox with them. The print is small and the words are confusing and you probably just throw them away. The unfortunate thing is we actually spend about $3,500 a year on these notices. In any event, I wanted to tell you in plain English how we handle your personal information…..We protect it like our own. We keep it in confidence. We do not sell it. We do not throw it in a dumpster. We do not give it to a call center in a foreign country.
Our Bank has an affiliate (same shareholders, employees, and managers) that sells homeowners insurance, business insurance, life insurance, etc. If we think we can save you money we will have them call you or send you a letter. If you say "No Thanks", end of discussion. We are here to help you, not harass you. We value you as a Bank customer.
You do not need to take any action unless you do not want us to share your information with our affiliate. As always, we appreciate your business and are committed to providing you the best possible service.
Sincerely,
H.McCall Wilson, Jr.
President and CEO
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Rev. 12/2010
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FACTS
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WHAT DOES THE BANK OF FAYETTE COUNTY DO WITH YOUR PERSONAL INFORMATION?
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Why?
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Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do.
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What?
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The types of personal information we collect and share depend on the product or service you have with us. This information can include:
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Social Security number and income
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Account balances and credit history
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Assets and investment experience
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How?
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All financial companies need to share customers' personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers' personal information; the reasons The Bank of Fayette County chooses to share; and whether you can limit this sharing.
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Reasons we can share your personal information
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Does The Bank of Fayette County share?
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Can you limit this sharing?
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For our everyday business purposes—
such as to process your transactions, maintain your
account(s), respond to court orders and legal investigations, or report to credit bureaus
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Yes
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No
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For our marketing purposes—
to offer our products and services to you
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Yes |
No
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For joint marketing with other financial companies
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No
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N/A |
For our affiliates' everyday business purposes—
information about your transactions and experiences
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Yes |
No |
For our affiliates' everyday business purposes—
information about your creditworthiness
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Yes |
Yes |
| For our affiliates to market to you |
Yes |
Yes |
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For nonaffiliates to market to you
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No
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N/A |
| To limit our sharing |
Make your selection(s) below.
Please note:
If you are a new customer, we can begin sharing your information 30 days from the date we sent this notice. When you are no longer our customer, we continue to share your information as described in this notice.
However, you can contact us at any time to limit our sharing. |
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Questions?
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Refer to the letter from the Bank President and CEO. If you have any further questions, call 901-877-6891.
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What we do
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How does The Bank of Fayette County protect my personal information?
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To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings.
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How does The Bank of Fayette County collect my personal information?
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We collect your personal information, for example, when you
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Open an account or apply for a loan
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Give us your contact information or
give us your income information or
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Tell us about your investment or
retirement portfolio
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Why can't I limit all sharing?
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Federal law gives you the right to limit only
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sharing for affiliates' everyday business purposes—information about your creditworthiness
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affiliates from using your information to market to you
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sharing for nonaffiliates to market to you
State laws and individual companies may give you additional rights to limit sharing.
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| What happens when I limit sharing for an account
I hold jointly with someone else? |
You choices will apply to everyone on your account. |
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Definitions
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Affiliates
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Companies related by common ownership or control. They can be financial and nonfinancial companies.
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Our affiliates include financial
companies such as financial service
providers including insurance agents
and securities broker-dealers.
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Nonaffiliates
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Companies not related by common ownership or control. They can be financial and nonfinancial companies.
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The Bank of Fayette County does not
share with nonaffiliates so they can
market to you.
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Joint marketing
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A formal agreement between nonaffiliated financial companies that together market financial products or services to you.
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The Bank of Fayette County does not
jointly market.
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