Conneaut Savings Bank understands the importance of protecting the privacy of customers? personal information. The following outline our policy for safeguarding personal information provided to Conneaut Savings Bank.
Statement of Principles
Conneaut Savings Bank recognizes that customers expect privacy and security for their personal and financial affairs. The Bank collects, retains, and uses information about customers when there is a reasonable belief that such information will help administer the business of the Bank and provide products, services and other opportunities to customers. The Bank understands the need to safeguard sensitive information about customers and maintains standards and procedures designed to prevent misuse of such information.
Employee Responsibility
Bank employees are educated so that they understand the importance of confidentiality and customer privacy. The Bank takes appropriate disciplinary measures, when necessary, to enforce employee privacy responsibilities.
Protection of Information via Established Security Procedures
The Bank recognizes that a fundamental element of maintaining effective customer privacy procedures is to provide reasonable protection against the unauthorized access to customer information. Therefore, Conneaut Savings Bank has established appropriate security standards and procedures to guard access to customer information.
Information Sharing with Third Parities
Conneaut Savings Bank does not reveal specific information about customer accounts or other personally identifiable data to third parties except under very limited circumstances. Such circumstances include the following:
In response to a court order or subpoena.
To comply with applicable laws and regulations.
In response to the customer?s written authorization or request.
To help complete a transaction initiated by the customer.
To report to a reputable credit bureau or similar information reporting agency.
To verify the availability of funds in a customer?s account to a merchant with whom the customer is doing business.
To assist auditors, bank examiners, attorneys, and other employed or retained by Conneaut Savings Bank to perform their duties on behalf of the Bank.
In order to complete a business transaction, such as the sale of loans, for which certain information disclosures are necessary.
To assist third parties under agreement with Conneaut Savings Bank to provide various customer support services, such as data processing, check printing, and other services.
To assist third parties with which the Bank has made arrangements to provide certain customer products, such as debit cards, investments products, life and disability insurance and other products.
When Conneaut Savings Bank shares information with third parties who are engaged by the Bank to provide certain products, we do so in the interest of providing enhanced customer service or introducing customers to new opportunities. We only share information sufficient to meet the legitimate business and Bank objectives, and this would typically not involve any information specific to an account. If any customer requests that information not be shared in the course of marketing or promotional activities involving third parties, that request will be so honored. In all cases involving third party abides by privacy standards similar to those of the Bank.
