Banking Privacy Statement and Policy
Customer Privacy Statement
At South Georgia Bank, we put our customers first and take pride in
offering our customers financial services that meet their individual
needs. We appreciate the trust our customers have in South Georgia
Bank and place the highest priority on our customers’ privacy. As
a South Georgia Bank customer, you can count on responsible treatment
of any personal information you share with us.
Privacy Policy Statement
Use, Collection and Retention of Customer Information
We collect, retain, and use individual customer information ONLY when
we reasonably believe it would be useful, and allowable by law, to
administer to our business needs in providing products, services and
other opportunities to our customers.
Maintenance of Accurate Information
We have established procedures to ensure that a customer’s financial
information is accurate, current and complete in accordance with reasonable
business standards. We also respond to requests to correct inaccurate
information in a timely manner.
Limiting Employee Access to Information
We limit our employee access to personally identifiable customer information
to those with a business reason for knowing such information. We educate
our employees so they understand the importance of customer confidentiality
and privacy. We also take appropriate disciplinary measures to enforce
employee privacy responsibilities.
Protection of Information via Established Security Procedures
We maintain rigorous security standards and procedures regarding unauthorized
access to customer information.
Restrictions on the Disclosure of Account Information
We do not reveal customer account or other personally identifiable
information to unaffiliated third parties for their independent use,
except for the exchange of information with reputable reporting agencies
to maximize the accuracy and security of the information or in the
performance of bona fide corporate due diligence. There are, however,
exceptions that we must honor on behalf of our customers:
- The information is provided to help complete a customers initiated
transaction
- The customer requests it
- The disclosure is required by/or allowed by law (eg. Subpoena;
the
investigation of fraudulent activity).
- The customer has been informed about the possibility of disclosure
among South Georgia Bank affiliated companies for marketing or
similar purposes through a prior communication and is given the
opportunity to decline.
Maintaining Customer Privacy in Business Relationship with
Third Parties
Whenever we provide customer information to a third party, we insist
that the third party adhere to similar privacy principles for keeping
such information confidential.
NOTICE OF YOUR FINANCIAL PRIVACY RIGHTS
We, our, and us, when used in this notice,
mean South Georgia Bank.
This is our privacy notice for our customers. When we use the
words "you" and "your" we mean the following
types of customers
All of our customers who have a continuing relationship with
us, such as:
We will tell you the sources for non public personal information
we collect on our customers. We will tell you what measure we
take to secure that information.
We first define some terms.
Nonpublic personal information means
information about you that we collect in connection with providing
a financial product or service for you. Nonpublic personal information
that is available from public sources, such as telephone directories
or government records.
An affiliate os a company we own or control, a company
that owns or controls us, or a company that is owned or controlled
by the same company that owns or controlled by the same company
that owns or controls us. Ownership does not mean complete ownership,
but means owning enough to have control.
A non-affiliated third party is a company that is
not an affiliate of ours.
THE INFORMATION THAT WE COLLECT
We collect nonpublic personal information about you
from the following sources:
- Information we receive from you on applications or other forms
- Information about your transactions with us
- Information about your transactions with non-affiliated third
parties
- Information from a consumer reporting agenc
- Information we receive as a result of verifying customer information
INFORMATION WE DISCLOSE ABOUT YOU
We do NOT disclose any nonpublic personal information about you
to anyone, except as permitted by law. Examples of this might include
disclosures necessary to service your account or prevent unauthorized
transactions.
THE CONFIDENTIALITY, SECURITY AND
INTEGRITY OF YOUR NONPUBLIC
PERSONAL INFORMATION
We restrict access to nonpublic personal information
about you 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.
NONPUBLIC PERSONAL INFORMATION
AND FORMER CUSTOMERS
We do not disclose nonpublic personal information
about former customers, except as permitted by law.
More Information
If you have any questions or would like more information, please
contact us at sgb@southgabank.com.
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