Privacy
Policy
Recognition
of Customers’
Expectations of Privacy
Our
customers’ trust is our most
important asset. We
understand that a key to maintaining that trust is meeting our
customers’ concerns about the privacy of nonpublic personal
financial information.
Nonpublic
personal financial information is non-publicly available information
about an individual who applies for or receives a financial product or
service from us for personal, family or household purposes. We
recognize that our customers are concerned about the confidentiality
and security of nonpublic personal financial information and expect us
to obtain, keep and use the information in an appropriate and
responsible fashion. Doing
so is a responsibility we take seriously.
Obtaining,
Keeping and Using Information
Obtaining,
keeping and using information is
the core of our business because we must do those things to serve our
customers in their financial relationships with us.
We
obtain, keep and use many types of information, including nonpublic
personal financial information.
But we limit the
obtaining, keeping and use of nonpublic personal financial information
to lawful information we believe useful in conducting our business,
complying with applicable law, providing quality service to consumers
and offering products, services and opportunities to consumers.
Maintenance
of Accurate Information
We recognize
that it is important to our customers that we maintain the accuracy of
information concerning their financial relationships with us, and we
have established procedures to maintain the accuracy of the information
in accordance with reasonable commercial standards.
The
procedures include responding in a timely manner to a request from one
of our customers to correct any information concerning his or her
financial relationships with us that he or she believes is incomplete,
not current or otherwise inaccurate and taking steps to correct the
information if we determine it to be inaccurate.
Limiting
Employee Access to Information
We educate
our employees on the importance of maintaining the confidentiality and
security of nonpublic personal financial information.
We
limit access by our employees to nonpublic personal financial
information to employees who have a business reason for knowing the
information and who have been trained in the proper handling of the
information.
We have
established procedures to protect against unauthorized access to
nonpublic personal financial information by our employees.
Under
the procedures, any of our employees who obtain unauthorized access to
nonpublic personal financial information is subject to appropriate
disciplinary procedures.
Protection
Against Unauthorized Access to
Information
We recognize
the importance of providing safeguards on access to nonpublic personal
financial information.
Consequently, we
have established security procedures and physical and electronic
measures to protect against unauthorized access to nonpublic personal
financial information.
Restrictions
on Disclosure of Information
We do not
disclose nonpublic personal financial information to nonaffiliated
third parties (including government agencies) except as allowed by and
in accordance with applicable law. Examples
of circumstances in which we may disclose nonpublic personal financial
information of a consumer to a nonaffiliated third party are:
1.
For
purposes of credit reporting, credit verification, risk management or
dispute resolution;
2.
To
complete a transaction requested or authorized by the consumer;
3.
As
authorized to by the consumer;
4.
To
protect the confidentiality or security of records relating to the
consumer, an account of the consumer or a transaction involving the
consumer;
5.
To
prevent fraud or an unauthorized transaction;
6.
To
comply with applicable law in connection with a legal proceeding or
governmental investigation or examination; and
7.
As
described below in the section entitled “Maintaining Customer
Privacy in Business Relationships With Nonaffiliated Third
Parties.”
Maintaining
Customer Privacy in Business
Relationships With Nonaffiliated Third Parties
To serve
customers in their financial relationships with us, we occasionally
contract with nonaffiliated third parties (for example, check-printing
and data processing companies) to perform services for us.
We
disclose nonpublic personal financial information to those
nonaffiliated third parties but only to the extent necessary for them
to perform those services, and we require them to keep and use the
information only as we intend it to be kept and used and to disclose it
only as allowed by and in accordance with applicable law.
No
Disclosure of Information for Marketing
Purposes
We do not
disclose any nonpublic personal financial information to nonaffiliated
third parties for marketing purposes.
Disclosure
of Privacy Policy to Consumers
This
Privacy Policy is readily available to consumers. Consumers
can call us at 518-234-4397, write us at 857 East Main Street,
Cobleskill, NY 12043, or contact us at info@bankrich.com
with any questions concerning this Privacy Policy.
This
Privacy Policy applies only to individuals as consumers and not as
operators of a business and does not apply to corporations and other
organizations.
We reserve the
right to change this Privacy Policy, and any procedure referred to in
this Privacy Policy, at any time without any notice.
This
Privacy Policy is for general guidance and does not constitute a
contract, create any legal right, or change any agreement between us
and any of our customers or anyone else.
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