Your Privacy Is Important To Us...

 Revised 12/27/2010

 

FACTS

 

So, What Does Preferred 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:

 

n  Social Security number and Income

 

n  Account balances and payment history

 

n  Credit history and credit score

 

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

 

 

 

Reasons we can share your personal information

 

Does Preferred 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 Don’t Share

 

For joint marketing with other financial companies

 

NO

 

We Don’t Share

 

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

 

NO

 

We Don’t Share

 

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

 

NO

 

We Don’t Share

 

For our affiliates to market to you

 

NO

 

We Don’t Share

 

For nonaffiliates to market to you

 

NO

 

We Don’t Share

 

 

 

 

 

Questions?

 

Call 660-256-3212 or go to www.mypfbank.com

 

 

 

Page 2

 

 

 

 

Who we are

 

Who is providing this notice?

 

PREFERRED BANK

 

 

 

What we do

 

How does Preferred 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 Preferred Bank collect my personal information?

 

We collect your personal information, for example, when you

 

n  Open an account or Deposit money into an account

 

n  Pay your bills or apply for a loan

 

n  Use your debit card

 

We also collect your personal information from others, such as credit bureaus or other companies.

 

Why can’t I limit all sharing?

 

Federal law gives you the right to limit only

 

n  sharing for affiliates’ everyday business purposes—information about your creditworthiness

 

n  affiliates from using your information to market to you

 

n  sharing for nonaffiliates to market to you

 

State laws and individual companies may give you additional rights to limit sharing.

 

 

 

Definitions

 

Affiliates

 

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

 

n  Preferred Banks has no affiliates

 

Nonaffiliates

 

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

 

n  Preferred Bank does not share with nonaffiliates so they can market to you

 

Joint marketing

 

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

 

n  Preferred Bank has no formal joint marketing agreements.

 

 

 

Thanks for choosing Preferred Bank

 

 


NOTICE: FDIC NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules. The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, money-market deposit accounts, and Interest on Lawyers Trust Accounts ("IOLTAs"). For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.