State Bank of Wapello

 

Privacy Policy

 


State Bank of Wapello recognizes a customers’ expectations of financial privacy. Preserving our customers’ trust is one of the core values of our institution and the broader banking community. We therefore resolve to abide by the following guidelines for the responsible use and protection of our customers’ information.

¨ We will always value the trust of our customers and the importance of keeping their personal financial information confidential.

¨ We will provide our customers with our policy on using their personal financial information responsibly and protecting it at all times.

¨ We will hold our employees to the highest standard of conduct in ensuring the confidentiality of customer information.

¨ We will hold any personal medical information about our customers sacred and will NOT use it for marketing purposes or in making credit decisions.

¨ We will use information responsibly in order to provide our customers with significant benefits, including fraud prevention, improved products and services and to comply with laws.

¨ We will establish procedures to maintain accurate information and respond in a timely manner to our customers’ request to change or correct information.

¨ We will use a combination of safeguards to protect our customers against the criminal use of their information and to prevent unauthorized access to it.

¨ We will never sell customer information for any type of marketing purposes.

¨ We may disclose information to companies that perform marketing services on our behalf to provide our customers with products and services that may benefit them.

¨ We will require the companies we do business with to abide by our privacy standards to maintain the confidentiality of our customers’ information.

 State Bank of Wapello Privacy Policy

At the State Bank of Wapello, the basis of each customer relationship, many of which span generations, is trust. You have chosen to do business with the State Bank of Wapello, and we are obligated to honor that relationship with great care, beginning with the information you have chosen to share with us. We believe that your privacy should not be compromised. At the same time, we want to offer you the array of financial products and services you need to accomplish your financial goals.

We believe we can do both through the privacy policy outlined below.

1. What Information We Collect
We may collect, retain and use “nonpublic personal information” about you from the following sources:
· Information we receive from you on applications or other loan and account forms;
· Information about your transaction with us or others; and
· Information we receive from third parties 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. For example, nonpublic personal information includes information regarding your account balance, payment history, and overdraft history.

2. What Information We Disclose
We are permitted under law to disclose nonpublic personal information about you to other third parties in certain circumstances. For example, we disclose 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. We do not disclose any nonpublic personal information about you to anyone, except as permitted by law
In addition, we may disclose all of the information we collect, as described above in the section “What Information We Collect,” to companies that perform marketing services on our behalf or to other financial institutions with which we have joint marketing agreements.
If you decide to close your account(s) or become an inactive customer, we will continue to adhere to the privacy policies and practices described in this notice.

3. Our Security Procedures
We also take steps to safeguard customer information. We restrict access to your personal and account information to those employees who need to know that information to provide products or services to you. Employees who violate these standards will be subject to strict disciplinary measures. We maintain physical, electronic, and procedural safeguards that comply with federal standards to guard your nonpublic personal information.

4. Questions or Concerns
If you ever have questions or concerns regarding the accuracy of your personal information at the State Bank of Wapello, please contact us at 319-523-2131. We will investigate your concerns and make any changes as needed. We reserve the right to change our Privacy Statement at any time.
 
NOTICE REGARDING THE PRIVACY OF YOUR FINANCIAL INFORMATION
 This Notice is intended to describe how we collect, maintain and disclose customer information. This Notice may be amended from time to time in our discretion. If you have any questions, comments or complaints about the privacy of information about you, please contact us at
State Bank of Wapello,
306 North Second Street
Wapello, Iowa 52653-1204

Phone 319-523-2131

Fax 319-523-2141

Email

We collect nonpublic personal information about you from the following sources:
· Information we receive from you on applications or other forms;
· Information about your transactions with us or others; and
· Information we receive from a consumer reporting agency.

We do not disclose any nonpublic personal information about you to anyone, except as permitted by law.

We may disclose all of the information we collect, as described above, to companies that perform marketing services on our behalf or to other financial institutions with whom we have joint marketing agreements.

If you decide to close your account(s) or become an inactive customer, we will adhere to the privacy policies and practices as described in this Notice.

We restrict access to your personal account information 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.


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