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Focus Bank
Protection Policy - Financial Privacy Rights
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| Protecting your
privacy is important to Focus Bank. We want you to
understand what information we collect and how we use it. We will
tell you the sources for nonpublic personal information we collect
on our customers, and the measures we take to secure that information |
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| Important
Notice About Customer Information |
| Focus Bank values the trust and confidence you have placed in us as
your financial institution. We believe every customer’s personal
information should be handled with care. To ensure that we live up
to your trust, we have defined the procedures we will use to protect
customer information, even to the point of written agreements with
our service providers or vendors that they are not to use this information
except for our behalf. We want you to understand how we obtain and
use information about our customers, but most of all to let you know
we value our relationship with you. We will not disclose your nonpublic
personal information to nonaffiliated parties, except as permitted
by law. |
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| Sources of
Information We Collect |
So that we can
make informed decisions about extending services to our customers,
we may collect nonpublic personal information about customers from
several sources:
- Information
we receive from you on applications or other forms, including financial
statements.
- Information
about your transactions with us.
- Information
we obtain from a consumer reporting agency.
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| Our Security
Procedures That Protect Customer Information |
| We protect our
customers’ privacy by restricting access to personal and account
information to those employees who need to know that information to
provide products or services. We also maintain physical, electronic,
and procedural safeguards that comply with federal standards to guard
your nonpublic personal information. Examples of nonpublic personal
information we obtain in providing a financial product or service
to you would be your account balance, credit history, overdraft history,
and a financial statement. |
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| Authorized
Sharing of Customer Information |
Information
will only be disclosed to third parties under certain conditions such
as:
— To service providers and companies that perform marketing
services on our behalf (for example, check printers, payment books,
etc.).
— As part of the routine course of business, such as servicing
a loan or account with us and sharing with reputable credit reporting
agencies.
— As required by law (for example, to government entities
in response to subpoenas).
— If we have written permission from the account holder.
Federal law allows us to disclose the information listed above with
companies or other financial institutions that perform marketing
services on our behalf. You do not have a right to opt
out of the disclosure of this information. |
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| Consumer's
Right to Opt-Out |
Focus Bank does not currently share personal customer information
with non-exempt third parties; therefore you do not have an opt-out
option. Currently we have no plans to share any of this
information with non-exempt third parties. However, if we would decide
to in the future, the opt-out option will be offered to our customers.
We believe that keeping your trust is very important, so if you should
have inactive or closed account(s) with us, we will continue to adhere
to the policies and practices described in this notice. We value your
business and hope you will remain with us for many years to come. |
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