Rev12/2018

The First Bank of Bancroft Privacy Policy, facts about how Farmers and Merchants Bank handles your sensitive information"
FACTS WHAT DOES FIRST BANK OF BANCROFT
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:
  • Social Security Number and Income
  • Account Balances and Payment history
  • Credit History and Credit Scores
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 First Bank of Bancroft chooses to share; and whether you can limit this sharing.
The First Bank of Bancroft Privacy Policy Section 2:Why The First Bank of Bancroft Shares your personal information
Reasons we can share your personal information Does First Bank of Bancroft 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
Yes No
For joint marketing with other financial companies No  
For our affiliates’ everyday business purposes—
information about your creditworthiness
No  
For our affiliates to market to you No  
For non-affiliates to market to you No  
We want our customers to understand our commitment to privacy in our use of customer information. Customers who have any questions about these privacy principles or have a question about the privacy of their customer information should contact us at the Bank or call us at 402-648-3361
 
The First Bank of Bancroft Privacy Policy Section 3: Contact information regarding any Questions.
Who we are Who is providing this notice?
The First Bank of Bancroft, Nebraska 
What we do  
How does the First Bank of Bancroft 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, and have established procedures so that a customer’s financial information is accurate, current and complete in accordance with reasonable commercial standards. We will also respond to requests to correct inaccurate information in a timely manner. We will limit employee access to personally identifiable information to those with a business reason for knowing such information. We will also educate our employees so that they will understand the importance of confidentiality and customer privacy. We will also take appropriate disciplinary measures to enforce our employee privacy responsibilities. We will maintain appropriate security standards and procedures regarding unauthorized access to customer information. If personally identifiable information is provided to a third party, we will insist that the third party adhere to similar privacy principles that provide for keeping such information confidential.
How does the First Bank of Bancroft collect my personal information? We collect your personal information, for example, when you:
  • Open an account
  • Apply for a loan
  • Use your Debit card
We will collect, retain and use information about our customers only where the Bank reasonably believes it would be useful (and allowed by law) to administering our Bank’s business, to provide superior service and to offer products, services and other opportunities to our customers.
Why can't I limit all sharing? Federal law gives you the right to limit only:
  • sharing for affiliates’ everyday business purposes—information about your creditworthiness
  • affiliates from using your information to market to you
  • sharing for non-affiliates to market to you
State law 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 non financial companies.
  • The First Bank of Bancroft does not have affiliates..
Non Affiliates Companies not related by common ownership or control. They can be financial and non financial companies.
Joint Marketing A formal agreement between non affiliated financial companies that together market financial products or services to you.
The First Bank of Bancroft Privacy Policy Part 4: Other Importatnt Information
Restrictions on the Disclosure of Account Information We will not reveal specific information about customer accounts or other personally identifiable data to affiliated or nonaffiliated 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, unless:
  1. The information is provided to help complete a customer-initiated transaction;
  2. The customer requests it;
  3. The disclosure is required by/or allowed by law (e.g., subpoena, investigation of fraudulent activity, etc.
  4. The customer has been informed about the possibility of disclosure for marketing or similar purposes through a prior communication and is given the opportunity to decline (i.e., “opt out”).