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Peoples Southern Bank
Privacy Policy
At Peoples Southern
Bank, the basis of each customer relationship, many of which span
generations, is trust. You have chosen to do business with Peoples
Southern Bank which we will honor that relationship with great care,
beginning with the information you have chosen to share with us.
We believe that your privacy should not be compromised. At the same
time, you should be offered the array of financial products and
services you need to accomplish your financial goals. PSB can do
both through the privacy policy outlined below.
Sources
of Personal Information
We collect non-public
personal information about you from the following sources:
- information we receive
from you on applications or other forms;
- information about
your transactions with us; and
- information we receive
from a consumer reporting agency.
Recognition of a Customer's
Expectation of Privacy
Peoples Southern Bank recognizes your right
to privacy and that you have a right to expect your personal financial
information to remain private and secure. We will maintain standards
to ensure that your information is private and secure at all times.
Customers Benefits of Institution's
Information Management Practices
We collect, retain, and use information about
you so we can provide products, services, and other opportunities
to you and you will be informed why we are collecting and retaining
it upon your request. This information is used to protect and administer
your records, accounts, and funds; to comply with certain laws and
regulations; to help us design or improve our products and services;
and to understand your financial needs so that we can provide you
with quality products and the best possible services.
Maintenance of Accurate Information
Peoples Southern Bank has established procedures
to ensure that your financial information is accurate, current and
complete, in keeping with reasonable commercial standards. We also
pledge to respond to requests to correct inaccurate information
in a timely manner.
Limitations on Employee Access
to Information
At Peoples Southern Bank, employee access to
personally identifiable customer information is limited to those
with a business reason to know such information. Employees are educated
on the importance of maintaining the confidentiality of customer
information and on these Privacy Principles. Because of the importance
of these issues, all Peoples Southern Bank employees are responsible
for maintaining the confidentiality of customer information and
employees who violate these Privacy Policies will be subject to
disciplinary measures.
Protection of Violence via Established
Security Procedures
We safeguard information according to established
security standards and procedures, regarding unauthorized access
to customer information.
Restrictions on the Disclosure
of Account Information
It is the bank's policy not to reveal specific
information about customer accounts or other personally identifiable
data to unaffiliated third parties for their independent use, except
for the exchange of information with reputable information reporting
agencies to maximize the accuracy and security of such information
or in the performance of bona fide corporate due diligence or business
matter, unless 1) the information is provided to help complete a
customer initiated transaction; 2) the customer requests or permits
it; 3) the disclosure is required by or allowed by law (e.g., subpoena,
investigation of fraudulent activity, request by regulator, etc.);
4) the customer has been informed about the possibility of disclosure
for marketing or similar purposes through a prior communication
and given the opportunity to decline (i.e., "opt out").
Maintaining Customer Privacy
in Business Relationship with Third Parties
When the Bank conducts business with third parties,
it requires its vendors and suppliers to maintain similar standards
of conduct regarding the privacy of personally identifiable information
provided to them.
Information About
Former Customers
If or
when a customer closes an account, we will not disclose any information
on the formercustomer, except as permitted by law.
Providing Privacy Information
to Customers and Responding to Inquiries
Peoples Southern Bank recognizes and respects
the privacy expectations of our customers. We want our customers
to understand our commitment to privacy in our use of customer information.
As a result of our commitment, we have developed these Privacy Principles
which are made readily available to our customers. Customers who
have questions about the Privacy of their customer information should
call 205.755.2240.
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