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Privacy Policy

10/2010









FACTS




WHAT DOES STATE BANK OF FAIRMONT DO WITH YOUR PERSONAL INFORMATION?














Why?


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.












What?


The types of personal information we collect and share depend on the product or service you have with us. This information can include:

    
 	
  • Social Security number and Transaction history
    • 
 	
  • Account balances and Overdraft history
    • 
 	
  • Payment History and Checking account information
    • 


When you are no longer our customer, we continue to share your information as described in this notice.		












How?


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 State Bank of Fairmont chooses to share; and whether you can limit this sharing.












Reasons we can share your personal information




Does State Bank of Fairmont Share?




Can you limit this sharing?






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
Yes
No




For our marketing purposes
to offer our products and services to you
No
We Don’t Share




For joint marketing with other financial companies
No
We Don’t Share




For our affiliates’ everyday business purposes
information about your transactions and experiences
No
We Don’t Share




For our affiliates’ everyday business purposes
information about your creditworthiness
No
We Don’t Share




For our non-affiliates to market to you
No
We Don’t Share












Questions?


Call 507-238-4287 or go to www.sbof.com












What We do








How does State Bank of Fairmont protect my personal information?


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.

We also maintain other physical, electronic and procedural safeguards to protect this information and we limit access to information to those employees for whom access is appropriate.






How does State Bank of Fairmont collect my personal information?


We collect your personal information, for example, when you

    
 	
  • Open an account or give us your contact information
    • 
 	
  • Apply for a loan or Show your government-issued ID
    • 
 	
  • Make deposits or withdrawals from your account
    • 


We also collect your personal information from others, such as credit bureaus, affiliates, or other companies.		






Why can’t I limit all sharing?


Federal law gives you the right to limit only

    
 	
  • sharing for affiliates’ everyday business purposes – information about your creditworthiness
    • 
 	
  • affiliates from using your information to market to you
    • 
 	
  • sharing for nonaffiliates to market to you
    • 


State laws and individual companies may give you additional rights to limit sharing. See below for more on your rights under state law.		












Definitions








Affiliates


Companies related by common ownership or control. They can be financial and nonfinancial companies.

    
 	
  • State Bank of Fairmont does not share information with affiliates
    • 









Nonaffiliates


Companies not related by common ownership or control. They can be financial and nonfinancial companies.

    
 	
  • State Bank of Fairmont does not share with nonaffiliates so they can market to you.
    • 









Joint Marketing


A formal agreement between nonaffiliated financial companies that together market financial products or services to you.

    
 	
  • State Bank of Fairmont doesn’t jointly market.
    • 















Other Important Information






For Alaska, Illinois, Maryland, and North Dakota Customers – we will not share personal information with nonaffiliates either for them to market you or for joint marketing, without your authorization.

For California Customers – we will not share personal information with nonaffiliates either for them to market or for joint marketing, without your authorization.

For Massachusetts, Mississippi, and New Jersey Customers – we will not share personal information from our deposit or share relationships with nonaffiliates either for them to market to you or for joint marketing, without your authorization.

For Vermont Customers – we will not share personal information with nonaffiliates for them to market to you without your authorization and we will not share your personal information with affiliates or for joint marketing about your creditworthiness without your authorization.