Privacy Statement
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.
What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We will also ask to see your driver's license or other identifying documents.
Any personal information obtained will be kept strictly confidential by the Bank.
Privacy Policy
Our mission is to guide you to a brighter financial future. As financial services professionals, we respect the privacy of our clients and are committed to treating their information responsibly. Our privacy principles serve as standards for all our employees on the collection, use, retention, and security of your individual information. We welcome the opportunity to provide this information to our clients on an annual basis.
Baker Boyer Bank believes the confidentiality and protection of client information is one of our fundamental responsibilities. While information is critical to providing quality service, we recognize that one of our most important assets is your trust. Thus, the safekeeping of client information must be a priority.
Megan Clubb, President and C.E.O.
We collect, retain and use information about you only where we reasonably believe that it will help administer our business or provide opportunities to you. We collect and retain information about you only for specific business purposes—and will always explain why upon your request. We use information to protect and administer your records, accounts, and funds; to comply with laws and regulations; to help us improve our products and services; and to understand your financial needs so that we can provide you with quality products and superior service.
What Information We Collect
We may collect “nonpublic personal information” about you from the following sources:
- Information we receive from you on applications or other loan and account forms
- Information about your transactions with us or 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.
Restrictions on the Disclosure of Account Information
We do not reveal specific information about your accounts or other personally identifiable data to parties outside our branches for their independent use unless:
- You request or authorize it.
- The information is provided to help complete a transaction initiated by you.
- The information is provided to a reputable credit bureau or similar information reporting agency.
- The disclosure otherwise is lawfully permitted or required.
- The information is provided to companies that perform marketing services on our behalf or to other financial institutions with which we have joint marketing agreements. We do not provide information to companies for the purpose of independent marketing of any products.
Maintenance of Accurate Information
We continually strive to maintain complete and accurate information about you and your accounts. Should you ever believe that our records are inaccurate or incomplete, please notify us. We will investigate your concerns and correct any inaccuracies.
Limitations on Employee Access to Information
Baker Boyer Bank employees’ access to personally identifiable client information is limited to those with a business reason. Employees are educated on the importance of maintaining the confidentiality of client information and on these Privacy Principles. All Baker Boyer Bank employees are responsible for maintaining the confidentiality of client information and employees who violate these Privacy Principles will be subject to disciplinary measures.
Maintaining Client Privacy in Business Relationships with Third Parties
When the Bank conducts business with third parties, it requires its vendors and suppliers to maintain similar standards of conduct regarding the privacy of personally identifiable client information provided to them.
Protection of Information via Established Security Procedures
We safeguard information according to established security standards and procedures, and we continually assess new technology for protecting information. Our employees are trained to understand and comply with these information principles.
Providing Privacy Information to Clients and Responding to Inquiries
Baker Boyer Bank recognizes and respects the privacy expectations of our clients. We want you to understand our commitment to privacy in our use of your information. As a result of our commitment, we have developed these Privacy Principles which are made readily available. If you decide to close your account(s) or become an inactive client, we will continue to adhere to the privacy policies and practices described in this notice. Questions regarding these Privacy Principles or about the privacy of client information should be directed to Megan Clubb, Baker Boyer Bank President and C.E.O., at (509) 525-2000.
