At Valley Bank & Trust,
the basis of each customer relationship is trust. You have
chosen to do business with us, and we are obligated to honor
that relationship with great care. Your trust in us is
demonstrated through the information you have chosen to share
with us. We believe that your privacy should not be compromised.
At the same time, we want to offer you the array of financial
products and services you need to accomplish your financial
goals. We believe we can do both through the privacy policy
outlined below.
INFORMATION COLLECTION PRACTICES
We collect,
retain, and use information about you only where we reasonably
believe that it will help administer our business or provide
products, services, and other opportunities to you. We collect
and retain this information for specific business purposes only.
The information is used to protect and administer your records,
accounts, and funds; to comply with certain laws and
regulations; to help us design or improve our products and
services; and to understand your financial needs so that we can
provide you with quality products and superior services.
"Nonpublic personal information" is private information about you that we
obtain in connection with providing a financial product or
service to you. Valley Bank & Trust collects nonpublic
information from a variety of sources as listed below:
Information received from you on applications and other forms
which may include your name, address, phone number, social
security number, income, and credit references;
Information about transactions with us (such as information
regarding a deposit, loan, or credit card), our affiliates, or
others;
Information we receive from consumer reporting agencies,
credit references, employers, insurance companies, and insurance
agencies to enable us to verify credit worthiness, employment
history, and that insurance coverage is in place when necessary.
DISCLOSURE OF ACCOUNT INFORMATION
Valley Bank & Trust may disclose nonpublic personal information about you to
financial service providers, such as investment and securities
representatives, insurance agents, trust officers and mortgage
bankers who are our affiliates. An affiliate is any company we
own or control, any company that owns or controls us, or any
company related to us by common control. This definition
includes both financial institutions and entities that are not
financial institutions. Valley Bank & Trust may disclose
information based on our transactions and experiences with you,
such as:
Name
Deposit History
Types of Accounts
Address
Account Balances
Parties to the Transaction
Phone Number
Account Activity
Payment Amount
Types of Collateral
We may disclose information we collect, such as
information we receive from you on applications and other forms
which may include your name, address, and type of account you
hold with us, to companies that perform marketing services on
our behalf or to other financial institutions with which we have
joint marketing agreements.
Valley Bank & Trust does not reveal specific information about customer
accounts or other personally identifiable data to unaffiliated
third parties for their independent use, except for the exchange
of information with reputable consumer reporting agencies unless
1) the information is provided to help complete a customer
initiated transaction; 2) the customer requests or permits it;
3) the disclosure is required by law. If you decide to close
your account(s) or become an inactive customer, we will adhere
to the privacy policies and practices as described in this
notice.
It is Valley Bank & Trust policy that customer information is not to be
provided to anyone over the telephone unless we are able to
determine that you are the person requesting the information
ACCURACY OF INFORMATION
Valley Bank & Trust endeavors to maintain the most accurate and up-to-date
customer records possible. Should you believe that our records
are incomplete or inaccurate, please notify us. Your account
corrections will be made as soon as possible.
INFORMATION SECURITY PROCEDURES
Valley Bank & Trust restricts access to personally identifiable customer
information to those employees who need to know that information
to provide products or services to you. Employees are trained on
the importance of maintaining the confidentiality of customer
information and employees who violate these standards are
subject to disciplinary measures. Additionally, Valley Bank &
Trust maintains physical, electronic, and procedural safeguards
that comply with federal regulatory and industry standards to
guard your information.
DEALINGS 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 customer information
provided to them.
PRIVACY STATEMENT INQUIRES
At Valley Bank & Trust, we value our customer relationships. We want you to
understand our commitment to privacy and our use of customer
information. If you have any questions about our Privacy Policy
or how the bank protects your confidential information, please
contact your local branch.