Privacy Policy Notice
Protecting your privacy is important to First American Bank and our employees. We want you to understand what information we collect and how we use it. In order to provide our customers with a broad range of financial products and services as effectively and conveniently as possible, we use technology to manage and maintain customer information. The following policy serves as a standard for all our employees for collection, use, retention and security of non-public personal information.
What Information We Collect
Non-public personal information is information about you that we obtain while providing you with a financial product or service. Non-public personal information includes information such as your account balance, payment history, or overdraft history.
We may collect non-public personal information for the following sources:
- Loan applications or account forms
- Transaction histories on loans or accounts with us or with others
- Third parties such as credit bureaus
To Whom We Disclose Information
We assume that you wish to keep your non-public personal information private. Therefore, we do not disclose such information to third parties except as permitted by law. For example, we may disclose non-public personal information about you to:
- Third parties which assist us in servicing your loan or account
- Companies that perform marketing services on our behalf
- Other financial institutions with which we have joint marketing arrangements
- Government entities in response to subpoenas
- Credit bureaus
What Information We Disclose
We may disclose information taken from your application or other forms, such as your name and address. We may disclose information about your transactions with us, such as your loan balance and payment history.
We may disclose all of the information we collect, as described above, to companies that perform marketing services on our behalf or to other financial institutions with whom we have joint marketing agreements.
We do not share non-public personal information or consumer credit reports with our affiliates.
Even after your account is closed or has become inactive, we will continue to adhere to this privacy policy.
Our Security Procedures
We take special steps to safeguard customer information. We restrict access to your personal and account information to those employees who need to know that information in order to provide products and services to you. Employees who violate these standards will be subject to disciplinary measures. We maintain physical, electronic, and procedural safeguards that comply with federal standards to guard your non-public personal information.
