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At Granite Savings Bank, protecting the privacy and confidentiality of your personal information is important to us. We value your business and the trust you put in Granite Savings Bank. In order to offer you the financial products and services you seek to obtain, we collect, maintain, and use information about you on a routine basis. To help you better understand how your nonpublic personal information is protected here at Granite Savings Bank, we are providing you with the following statement describing our practices and policies with respect to the privacy of customer information.
"Nonpublic personal information" is nonpublic information about you that we obtain in connection with providing a financial product or service to you. For example, this includes information regarding your account balance, payment history and overdraft history.
We may collect nonpublic personal information about you from the following sources:
- Information we receive from you on applications or other forms;
- Information about your transactions with us or others, and
- Information we receive from third parties such as consumer-reporting agencies.
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 our current or former customers to anyone, except as permitted by law. We may disclose the following information to companies that perform marketing services on our behalf or to other financial institutions with whom we have joint marketing agreements:
- Information we receive from you on applications or other forms, such as your name, address, social security number, assets and income;
- Information about your transactions with us, our affiliates or others, such as your account balance, payment history, parties to transactions and credit card usage;
- Information we receive from a consumer reporting agency, such as your creditworthiness and credit history.
If you decide to close your account, we will adhere to the privacy policies and practices described in this notice.
We understand that the protection of your nonpublic personal information is of the utmost importance. Guarding your privacy is our obligation. Granite Savings Bank maintains strict procedures and policies to safeguard your privacy. We restrict employee access to customer information to only those who have a business reason to know such information, and we educate our employees about the importance of confidentiality and customer privacy.
We restrict the access to your personal and account information to those employees who need to know that information to provide products or services to you. We maintain physical, electronic, and procedural safeguards that comply with federal standards to guard your nonpublic personal information.
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