|
Privacy
Policy
At The First National Bank of Cambridge, NE,
the basis of each customer relationship, many of which span generations,
is trust. You have chosen to do business with The First National
Bank, and we are obligated to honor that relationship with great
care, beginning with 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.
At The First National Bank, hereinafter referred
to as Bank, we believe the confidentiality and protection of
customer information is one of our fundamental responsibilities.
And while information is critical to providing quality service,
we recognize that one of our most important assets is our customers’ trust. Thus, the
safekeeping of customer information is a priority for the Bank.
Information about consumers is accumulated
from a variety of sources. Some information is provided to the
Bank directly by customers themselves. Other data is developed
by the Bank as a function of providing a product or service to
a customer. Still other information is obtained from outside
sources. The Bank collects, uses, and retains information about
individual customers only where the Bank reasonably believes
it is useful (and allowed by law) to administer the organization’s
business and to provide products, services and other opportunities to its customers.
The Bank does not collect, use or retain information about its customers when
it does not have a good reason for doing so. The Bank shall not ask customers
to provide information that is not useful to the administration of a relationship
or the provision of a particular product or service. Certain types of information
about a customer are needed in order to provide the customer access to the appropriate
products and services. Categories of nonpublic, personal information collected
may include social security numbers, account balance and activity, credit reports,
date of birth, credit application information, credit history, financial information
(balance sheet), income tax returns, income statements and medical information.
Customer information will be retained by the Bank as long as necessary to administer
to the customer or as allowed or required by State and Federal laws. This means
that we will use information to help identify and mitigate potential risks or
loss to the Bank. We will use this information only in accordance with the principles
set out in this Policy. We may disclose all the information that we collect,
as described above on current and former customers.
The Bank will keep nonpublic customer information
only as long as it is useful to the administration of a customer’s account or as required by law. When
a customer terminates their relationship with the Bank nonpublic information
will be kept for a reasonable period of time in the hope that the relationship
will be revived, normally 3 years, after which such information may be destroyed
if there is no outstanding balances.
The Bank will strive to make sure that customer
information is kept current, accurate and complete. Should you
ever believe that our records contain inaccurate or incomplete
information about you, please notify us. We will investigate
your concerns and correct any inaccuracies. Updated information
received will be given to the appropriate department, and our
records will be changed in a timely manner. If a customer believes
their information is incomplete or inaccurate they may contact
the Bank at 308-697-3335 or send correct information to P.O.
Box 10, Cambridge, NE 69022 or stop in our main office at 707
Patterson, Cambridge, NE.
The basis for each customer relationship is
trust. The Bank limits employee access to personally identifiable
information to those employees who have a business reason for
knowing such information. Computer account and loan information
is accessible to only those individuals with security access
to this information, the level of security access is determined
by the bank management. Loan files are kept locked during non-business
hours and only authorized lending staff shall have access to
these files. The Bank will continually educate their employees
so that they will understand the importance of confidentiality
and customer privacy and take disciplinary measures to enforce
employee privacy responsibilities. Breach of that trust is serious
and as stated in Personnel Policy may be cause for dismissal.
A security officer is designated by the Board of Directors and
is responsible for ensuring that customer information is maintained
in a secure environment. Employees who do not have a valid business
reason shall not access nor are they permitted to access nonpublic,
personal information. Privacy responsibility will be reviewed
annually with employees and part of new employee training.
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.
If customer information is shared with unaffiliated
companies, The Bank will place strict limits on who receives
the information about customers’ accounts
or other personally identifiable data. The Bank may share information with such
companies if they provide a product or service that may benefit our customers.
If we share information with unaffiliated companies, we will carefully review
the company and the product or service to make sure that it provides value to
our customers. We will only share the minimum amount of information necessary
for that company to offer its product or services. We may disclose nonpublic
personal information about you to the following types of third parties:
• Financial service providers such as mortgage bankers, securities broker-dealers,
and insurance agents;
• Non-financial companies, such as
retailers and direct marketers: and
• Others, such as non-profit organizations.
We may also disclose nonpublic personal information
about you to nonaffiliated third parties as permitted by law.
This applies to both current and former customers.
The Bank may share any customer information,
including nonpublic, personal information, with affiliates without
providing customers the opportunity to prevent the disclosure,
i.e. to opt-out. Affiliates include subsidiaries that The Bank
controls or affiliates owned by the bank holding company.
If the Bank outsources activities related
to the provision of the bank’s
products or services or the general administration of the bank, it may share
customer information with the contractor. This includes the sharing of information
with a contractor that is marketing the bank’s products or services. In
such instances the Bank will disclose to the customer that the information will
be shared, and will enter into an agreement with the contractor that requires
the contractor to maintain the confidentiality of the customer information.
A customer’s account number, Personal
Identification Number (PIN), credit or check card number may
not be shared with any nonaffiliated third party for telemarketing
or mail marketing purposes, even if the product or service that
is being marketed is a bank product or service.
The Bank will not share nonpublic, personal
information about a customer with any third party that is not
an affiliate unless the bank tells the customer that it might
share such information and gives the customer the right to prevent
the disclosure, i.e., opt-out. If the customer decides to opt-out
they may do so by signing the form on the backside and delivering
it to the Bank at 707 Patterson, Cambridge, NE or by mailing
the form to The First National Bank, P.O. Box 10, Cambridge,
NE 69022. Exceptions to the Opt-Out Rule are as follows:
* If the third parties are performing services
or functions on behalf of the
Bank, including marketing the Bank’s own products or services or
products and services offered pursuant to
a joint agreement between the
Bank and another financial institution ---
but only if the Bank discloses that
arrangement and enters into an agreement with
the third party to maintain
the confidentiality of the information.
* If it is necessary to “effect, administer, or enforce” a transaction
requested
or authorized by the consumer.
* If the information is shared in connection
with:
* servicing or processing a product or service
requested or authorized
by the consumer;
* maintaining or servicing the consumer’s
account with the Bank or
another entity as part of a private
credit card program or other
extension of credit on behalf of that entity;
or
* a securitization or secondary market sale
related to a transaction of
the consumer;
* If the consumer consents;
* To protect the confidentiality or security
of the Bank’s
records;
* To protect against fraud;
* For risk control purposes or for resolving
customer disputes;
* To persons holding a legal or beneficial
interest relating to the
consumer;
* To persons acting in a fiduciary capacity
on behalf of the consumer;
* To provide information to insurance rate
advisory organizations,
guaranty funds, rating agencies, persons assessing
the Bank’s
compliance with industry standards, and the
Bank’s
attorneys,
accountants, and auditors;
* To law enforcement agencies if permitted
or required under other
provisions of law;
* To a consumer reporting agency in accordance
with the Fair Credit
Reporting Act;
* In connection with a sale or merger if the
disclosure concerns solely
consumers of the businesses;
* To comply with federal, state, or local
laws;
* To comply with subpoenas or summons by governmental
authorities;
or
* To respond to judicial process or governmental
authorities for
examination, compliance, or other lawful purposes.
At The First National Bank, we value our customer
relationships. We want you to understand how we use the information
you provide and our
commitment to ensuring your personal privacy.
If you have any questions about how the Bank protects your confidential
information, please call us at
308-697-3335 or stop in at our main office
at 707 Patterson, Cambridge, NE.
I hereby choose to opt out from disclosure
of personal information made to any third party that is not an
affiliate.
Date:_________________________________
Signature:________________________________________________________________
(7/14/00)
|
