Protecting your privacy is important to KSB Bank and our 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 KSB Bank employees for collection, use, retention, and security of nonpublic personal information.
WHAT INFORMATION WE COLLECT
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, our affiliates or others; andInformation 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.
WHAT INFORMATION WE DISCLOSE
We are permitted under law to share information about our experiences or transactions with you or your account (such as your account balance and your payment history with us) with companies related to us by common control or ownership (“affiliates”). Our affiliates are KSB, Ltd. and KSB Insurance Services, L.L.C.
We also are permitted under law to disclose nonpublic personal information about you to “nonaffiliated third parties” (i.e., third parties that are not members of our corporate family) in certain circumstances. For example, we may disclose nonpublic personal information about you to such 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 any other third parties, except as permitted by law.
We may disclose information we collect (such as name, address, telephone number and social security number), to companies that perform marketing services on our behalf or to other
financial institutions with which we have joint marketing agreements such as credit card processors. All of these companies are contractually obligated to keep the information that we provide to them confidential and use the information only for the services required and as allowed by applicable law or regulation, and are not permitted to share or use the information for any other purpose.
If you decide to close you account(s) or become an inactive customer, we will continue to adhere to the privacy policies and practices described in this notice.
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. We maintain physical, electronic, and procedural safeguards that comply with federal standards to guard your nonpublic personal information.
OPT-OUT FROM AFFILIATE INFORMATION SHARING FOR MARKETING
We may disclose the information we collect, as described above, with our affiliates for marketing purposes. However you may instruct us not to share information for this purpose (opt-out). You may notify us of your preference at any time. If you have already told us not to share, you do not have to opt-out again. Your opt-out will be in effect until revoked by you.
HOW TO COMMUNICATE YOUR PREFERENCE TO US
You may call us at 1-888-524-5728 or (319)524-2944 or print this response form, check the box below and mail it to the address listed. Do not include other correspondence with your response. Please exercise your opt-out right within thirty days of receiving this notice.
501 Main Street
P.O. Box 1030
Keokuk, IA 52632
Your preference will apply to all accounts linked to your Social Security Number. For joint accounts, any account holder can opt-out on behalf of the other joint account holders.
____ Do not share information about me to your affiliates for marketing purposes.
Social Security Number/
Tax Identification Number_______________________________