Deerwood Bank Privacy Policy

Our Privacy Commitment

Rev. June 2014

FACTS

WHAT DOES DEERWOOD BANK 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 mortgage rates and payments
  • account balances and payment history
  • credit history and wire transfer instructions

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 Deerwood Bank chooses to share; and whether you can limit this sharing.

 

 

Reasons we can share your personal information

Does Deerwood Bank 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 do not share

For joint marketing with other financial companies

No

We do not share

For our affiliates’ everyday business purposes—
information about your transactions and experiences

No

We do not share

For our affiliates’ everyday business purposes—
information about your creditworthiness

No

We do not share

For affiliates to market to you

No

We do not share

For nonaffiliates to market to you

No

We do not share

 

 

 

 

Questions?

Call toll-free 800-291-6597or go to www.deerwoodbank.com

       

 

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What we do

How does Deerwood Bank 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.

 

How does Deerwood Bank collect my personal information?

We collect your personal information, for example, when you

  • open an account or apply for a loan
  • provide account information or give us your contact information
  • make deposits or withdrawals from your account

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. Please see “Other Important Information” below.

 

 

Definitions

Affiliates

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

  • Deerwood Bank does not share with our affiliates.

Nonaffiliates

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

  • Deerwood Bank does not share with nonaffiliates.

Joint marketing

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

  • Deerwood Bank does not jointly market.

 

 

Other important information

Fair Credit Reporting Act: Under certain circumstances our customers are protected by the Fair Credit Reporting Act. While you may not prohibit Deerwood Bank from sharing your loan and deposit account history with consumer reporting agencies, you may request that consumer reporting agencies not provide information about you to companies wishing to extend "pre-approved" offers to you for their products or services. You may make this request by calling the "Opt Out Request Line" at 1-888-5OPT-OUT (1-888-567-8688).