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Privacy Notice
IMPORTANT NOTICE TO CONSUMERS
NOTICE OF YOUR FINANCIAL PRIVACY RIGHTS
Protecting your privacy is important to Platinum Bank® 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
Platinum Bank® employees for 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:
- Information we receive from you on applications or other
loan and account forms;
- Information about your transactions with us or others; and
- 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 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 non-public personal information.
September 2004
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