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The Bank of
Southside Virginia and its employees recognize the importance of
maintaining secure and confidential personal financial information
that we receive and maintain about our customers. During the course
of providing a financial product or service to you, we accumulate
non-public personal financial information from you. Non-public
personal information is personally identifiable information that is
not available from public sources, such as telephone directories or
government records. While information is the cornerstone of our
ability to offer excellent service, our most important asset is our
customers’ trust. This notice provides you, our customer, with our
privacy policies and practices with respect to the disclosure of
nonpublic personal information about you.
We first define a
few terms:
(1)
WE, OUR, and US mean The
Bank of Southside Virginia.
(2)
YOU and YOUR mean our
customer.
(3)
Affiliate is 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
controls us. Ownership does not mean complete ownership, but means
owning enough to have control.
(4)
Nonaffiliated third part
is a company that is not an affiliate of ours.
Information
We May Collect
In providing you
with financial products or services, we collect nonpublic
information about you from the following sources:
(1)
Information we receive
from you verbally, on applications or other forms.
(2)
Information about your
transactions with us or with nonaffiliated third parties.
(3)
Information we receive
from a consumer reporting agency
Our
Security Practices
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 regulations to guard your nonpublic
personal information.
We do not disclose
any nonpublic information about our customers or former customers to
anyone else, except as permitted by law. This may include
disclosure as necessary to process and service transactions on your
account, protect against potential fraud or unauthorized
transactions, or to respond to a subpoena or court order.
Authorized
Sharing to Outside Marketing Services
We may disclose the
following information to companies that perform marketing services
for us. Personal information we receive from you on an application
or other form, such as name and address. Federal law allows us to
disclose this information with companies that perform marketing
services for us. You do not have a right to opt out of this type of
disclosure. Types of businesses that we may disclose nonpublic
personal information for outside marketing purposes are direct sales
companies or service providers that perform marketing services for
us. |
