PRIVACY STATEMENT
Regardless of changes in
technology and information, Security State Bank remains committed to the
principles of customer privacy. We understand that when a customer opens
an account or applies for a loan with us or one of our affiliated
companies, we are required by law to protect the confidentiality of that
information. Security State Bank is committed to complying fully with
the laws and regulations governing customer information privacy, such as
the Fair Credit Reporting Act and the Right to Financial Privacy Act.
We are committed to maintaining the confidentiality and accuracy of that
information, and to using the information in manners consistent with the
confidence our customers have shown in us. We will uphold both the
letter and spirit of the federal and state laws addressing information
confidentiality that protect our customers' financial privacy. We have
outlined that commitment in the attached Customer Privacy Statement.
This Privacy Policy and Customer Privacy Statement were adopted by the
Board of Directors of Security State Bank.
Security State Bank Customer Privacy
Statement
Privacy Policy
Regardless of changes in technology and information, Security State Bank
remains committed to the principles of customer privacy. We understand
that when you open an account or apply for a loan with us we ask you to
provide us with private financial and personal information.
We are committed to maintaining the confidentiality and accuracy of that
information, and to using the information in manners consistent with the
confidence you have shown us. We will uphold both the letter and spirit
of the federal and state laws such as the Fair Credit Reporting Act and
the Right to Financial Privacy Act. This Customer Privacy Statement
outlines our commitment to your financial privacy.
Information Collection
When you become a customer of Security State Bank, it is necessary for
us to collect and maintain information about you for a variety of
reasons. We do this so that we can better understand your unique
financial needs. With this information we can provide you with the
products and services that you need and deserve. However, your privacy
is considered in all aspects of our business.
We also use our customer information to stay on the leading edge of
financial service innovation. When we understand how you manage your
finances, we can create new products and improve current ones. Our goal
is to provide you with the financial management tools you need to
achieve your financial goals.
Sometimes we gather information from our customers because we are
required to by laws and banking regulations. For example, federal
regulations require us to obtain your taxpayer identification number
(usually your Social Security number) whenever you open an account that
pays interest.
One of the most important reasons we collect and maintain customer
information is actually to maintain your privacy and security of your
accounts at our bank. Keeping your financial information secure is one
of our most important responsibilities. The more we know about you, the
more tools we have to prevent someone from impersonating you to obtain
access to your account information or assets.
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Employee Access
We value your trust and handle your information with care. To ensure we
keep your trust, our employees may not use confidential information
acquired in the course of employment regarding our customers or
prospective customers except solely to perform their duties as employees
of Security State Bank. Our employees access information about you when
needed to maintain your accounts and otherwise meet your needs. We
safeguard information according to established security standards and
procedures, and we continually assess new technology for protecting
information. Our employees are trained to understand and comply with
these information principles.
Accuracy of Information
Keeping your account information accurate and up to date is very
important. If you ever find that our records are incomplete, inaccurate
or not current, please call the telephone number provided on your
account statement. We will correct the information as quickly as
possible.
How and Why Information is Shared
You can rest assured that we limit who receives information and what
type of information is shared. We share information only for legitimate
business purposes, with the goal of bringing you greater convenience and
more choices.
When Security State Bank in a Fiduciary Capacity
When we serve in a legally recognized fiduciary capacity, such as a
trustee of a trust or the personal representative of an estate, no
customer information arising from the fiduciary relationship is shared
with other divisions or other legal entities within the Security State
Bank organization without the express consent of the customer. Fiduciary
relationships by law require an even higher degree of confidentiality
and privacy than general banking relationships.
Sharing Information with Companies That Work for Us
To assist us in offering you services, we may occasionally share
information with outside companies that work for us. Such companies
might, for example, assist us in offering you certain products and
services. These companies act on our behalf and are obligated to keep
the information that we provide to them confidential. We do not sell
lists of our customer information to parties, including government
agencies for solicitation, marketing or similar purposes.
Sharing Customer Information with Others
You have our assurance that we only share customer information with
those outside the Security State Bank family in a manner as lawfully
permitted or required. However, you should be aware that there may be
occasions where we are legally required to disclose information about
you, such as in response to a subpoena, to prevent fraud, or to comply
with a governmental agency or federal regulator. As other financial
institutions customarily do, we may also share information about you and
your accounts with reputable credit reporting agencies as authorized
under federal law.
Sometimes it may be necessary to share limited customer information in
order to complete a transaction that you have initiated with our bank.
We may also provide information when you have specifically requested or
authorized the release of information.
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Protection of Information
Security State Bank is committed to the security of your financial and
personal information. All of our operational and data processing systems
are in a secure environment that protects your account information from
unauthorized third party access. We maintain and grant access to these
systems only in accordance with internal security policies and
standards.
Removal from Lists or Correction of Inaccurate Information
While it may mean you might not receive product information of interest
to you, you may request that we not share information we have received
about you with others in the Security State Bank family. This would
include information we have received as part of an application for
products or services, as well as information we have received from a
consumer credit reporting agency or other third party. As allowed under
the Fair Credit Reporting Act, we would still be allowed to share
information that relates to our direct experience with you and your
account history with us.
If you would like to make such a request, please write to us at the
following address. You may also use this address to notify us of any
corrections you think should be made in the information we have about
you and your accounts with us. In all correspondence, please include
your name, address, telephone number, social security number, and any
account numbers you have with us.
Security State Bank
933 16th ST SW
PO Box 845
Waverly, Iowa 50677
Internet Privacy
Security State Bank is very concerned about your Internet privacy. That
is why Security State Bank decided to have correspondence delivered to
us by e-mail. On the way from your computer to us, your e-mail message
passes through a number of systems. Someone with the knowledge of where,
when and how to do it-and the time to do it-could intercept your message
in route to us.
We reserve the right to change this policy at any time by posting a new
privacy policy. We hope you enjoy your visit to Security State Bank's
Web page. Please let us know how we may serve you further.
For more information or questions regarding this policy, contact the
bank at:
SECURITY STATE BANK
933 16TH ST SW PO BOX 845
WAVERLY, IA 50677
(319) 352-3500
info@securitystateonline.com
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