Privacy Policy
We recognize, respect and protect the personal privacy of all our customers. We realize that our customers trust us with personal information, and it is our policy to maintain customer information in a confidential manner. We are also committed to collecting and using all consumer information with the highest level of security and privacy. We maintain physical, electronic and procedural safeguards that comply with strict federal standards.
What type of personal information does FAB&T collect?
It depends on the product or service you have with us. Information we may ask for includes social security number, income, account balance, payment history, credit history and credit scores. We collect nonpublic personal information from your application and other forms, bank transactions and consumer reporting agencies.
Why does FAB&T need my information?
In order to properly verify your identity, federal law requires we ask for a government-issued identification number. This information is used solely for identity verification. Your social security number will not be used for any other purpose.
Other information is required for the daily business we conduct on your behalf. All financial companies need to share customers’ personal information to process transactions, maintain customer accounts and report to credit bureaus. Federal law gives consumers the right to restrict some but not all sharing. Please contact us to learn more.
Protecting your privacy is important to FAB&T 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 FAB&T collection, use, retention and security of nonpublic personal information.
What Information We Collect
We may collect “nonpublic personal information” about you from the following sources:
- Applications or other loan/account forms.
- Your transactions with us and others.
- Information we receive from third parties such as credit bureaus.
“Nonpublic personal information” is nonpublic information about you that we obtain in connection with providing a financial product or service to you. For example, nonpublic personal information includes information regarding your account balance, payment history and overdraft history.
What Information We Disclose
We are permitted under law to disclose nonpublic personal information about you to other third parties in certain circumstances. For example, we may disclose nonpublic personal information about you to third parties to assist us in servicing your loan or account with us, to government entities in response to subpoenas, and to credit bureaus. We do not disclose any nonpublic personal information about you to anyone, except as permitted by law.
If you decide to close your account(s) or become an inactive customer, we will continue to adhere to the privacy policies and practices described in this notice.
Our Security Procedures
We also take steps to safeguard customer information. We restrict access to your personal and account information to those employees who need to know that information to provide products or 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 nonpublic personal information.
