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.
The types of personal information we collect and share depend on the product or service you have with us. This information can include:
When you are no longer our customer, we continue to share your information as described in this notice
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 Deerwood Bank chooses to share; and whether you can limit this sharing.
such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus
to offer our products and services to you
information about your transactions and experiences
information about your creditworthiness
Call toll-free 800-291-6597or go to www.deerwoodbank.com
Deerwood Bank
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.
We collect your personal information, for example, when you
We also collect your personal information from others, such as credit bureaus,
affiliates, or other companies.
Why can’t I limit all sharing?
Federal law gives you the right to limit only
State laws and individual companies may give you additional rights to limit sharing. Please see “Other Important Information” below.
Definitions
Affiliates—Companies related by common ownership or control. They can be financial and nonfinancial companies. Deerwood Bank does not share with our affiliates.
Nonaffiliates—Companies not related by common ownership or control. They can be financial and nonfinancial companies. Deerwood Bank does not share with nonaffiliates.
Joint marketing—A formal agreement between nonaffiliated financial companies that together market financial products or services to you. Deerwood Bank does not jointly market.
Fair Credit Reporting Act: Under certain circumstances our customers are protected by the Fair Credit Reporting Act. While you may not prohibit Deerwood Bank from sharing your loan and deposit account history with consumer reporting agencies, you may request that consumer reporting agencies not provide information about you to companies wishing to extend "pre-approved" offers to you for their products or services. You may make this request by calling the "Opt Out Request Line" at 1-888-5OPT-OUT (1-888-567-8688).
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