Personal Information

Privacy Policy

What does Local Bank 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 employment information

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 Local Bank chooses to share; and whether you can limit this sharing.

Reasons we can share your personal information
Does Local Bank Share?
Can you limit sharing?

For our everyday business purposes – such as 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 our marketing with other financial companies

Yes

No

For affiliates everyday business purposes – information about your transactions and experiences

No

We don’t share

For affiliates everyday business purposes – information about your creditworthiness

No

We don’t share

For our affiliates to market to you

No

We don’t share

For our nonaffiliates to market to you

We don’t share

We don’t share

Reasons we can share your personal information

For our everyday business purposes – such as transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus

Does Local Bank share:  Yes

Can you limit sharing:  No

For our marketing purposes – to offer our products and services to you

Does Local Bank share:  Yes

Can you limit sharing:  No

For joint our marketing with other financial companies

Does Local Bank share:  Yes

Can you limit sharing:  No

For affiliates everyday business purposes – information about your transactions and experiences

Does Local Bank share:  No

Can you limit sharing:  We don’t share

For affiliates everyday business purposes – information about your creditworthiness

Does Local Bank share:  No

Can you limit sharing:  We don’t share

For our affiliates to market to you

Does Local Bank share:  No

Can you limit sharing:  We don’t share

For our nonaffiliates to market to you

Does Local Bank share:  No

Can you limit sharing:  We don’t share

Children’s Online Privacy Protection Act

The Children’s Online Privacy Protection Act (COPPA) was passed to give parents increased control over what information is collected from their children online and how such information is used. The law applies to websites and services directed to, and which knowingly collect information from, children under the age of 13. Local Bank’s website and online services are not directed to children under the age of 13, nor is information knowingly collected from them.

For information on COPPA protections, visit the Federal Trade Commission’s website.

Who We Are

Local Bank

What We Do

How does Local Bank 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.

How does Local Bank collect my personal information? 
We collect your personal information, for example, when you:

  • Open an account, deposit money or preform transactions
  • Apply for a loan or show your government issued ID
  • Give us your income information
  • Apply for a loan or use your credit or debit card

We also collect your personal information from others such as credit bureaus, affiliates, and other companies.

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 nonaffiliates to market to you

State laws 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 nonfinancial companies.

  • Local Bank does not share with our affiliates.

Nonaffiliates: Companies not related by common ownership or control. They can be financial and nonfinancial companies.

  • Local Bank does not share with nonaffiliates so they can market to you.

Joint marketing: A formal agreement between nonaffiliated financial companies that together market financial products or services to you.

  • Our joint marketing partners include companies such as credit card companies.
Questions?

Call your Local banker.

External Site Leave Warning

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https://www.ftc.gov/business-guidance/privacy-security/childrens-privacy

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