| Protecting
your privacy is important to Clarkston State Bank and its employees.
We want you to understand what information we collect and how we use
it. In order to provide our customers with a broad range of financial
products and services as effectively and conveniently as possible,
we use technology to manage and maintain customer information. The
following policy serves as a standard for all Clarkston State Bank
employees for collection, use, retention and security of non-public
personal information.
We may collect “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 transactions with us or others who communicate
with us; and
- Information we receive from third parties such as credit bureaus.
“Nonpublic personal information” is private information
about you that we obtain in connection with providing a financial
product or service to you and or your family. For example, nonpublic
personal information includes information regarding your account
balances, payment history, and overdraft history.
We are permitted under law to disclose nonpublic personal information
about you to other third parties under certain circumstances. For
example, we may disclose nonpublic personal information about you
to third parties who assist us in servicing your loan or deposit
account with us, examples of those who assist us includes check
printing companies, ATM and Debit Card production companies, Correspondent
Banks for check clearing purposes, a check imaging company so we
have a permanent record of all checks written or deposited to your
account, our data processing service provider and our audit company,
to government entities in response to regulatory requirements, subpoenas,
and to credit bureaus. The foregoing list was not intended to be
all-inclusive, but is merely a sample of the types of service companies
with whom we share information to better serve your financial needs.
We do not disclose nonpublic personal information about you to anyone,
except as permitted by law.
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. With regard to closed accounts, we maintain
our records on the account for seven years (except loans
which are retained for two years), which provides for our compliance
with all legal and regulatory reporting requirements.
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 and your family. Employees who violate these standards are
subject to disciplinary actions. We maintain physical, electronic,
and procedural safeguards that comply with federal standards to
guard all nonpublic personal information. You can assist in maintaining
your privacy by taking steps to guard your private non-public financial
information from those that call or ask you for such information
at stores, over the Internet or by phone. As partners in the privacy
process, we can assure that the safety and security of your private
financial information is of the highest concern to us and we appreciate
your assistance and confidence.
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