FARMERS-MERCHANTS NATIONAL BANK
PRIVACY PRINCIPLES
PRIVACY PRINCIPLES
Farmers-Merchants National Bank recognizes and respects the importance of personal privacy. We believe personal financial information should not be compromised. At the same time, we expect to offer our customers the array of financial products and services needed to accomplish their financial goals. Both can be accomplished through the privacy principles outlined below.
COLLECTION, USE, AND RETENTION OF YOUR INFORMATION
We collect, use and retain information about you only where we reasonably believe it would be useful in administering our business, and providing products, services and opportunities to you. We collect and retain information only for specific business purposes. We use information to protect and administer your records, accounts, and funds; to comply with certain laws and regulations; to help design or improve our products and services; and to provide quality products and outstanding service.
MAINTENANCE OF ACCURATE INFORMATION
We have implemented procedures to help assure that your financial information is accurate, current and complete in accordance with commercial standards. While some procedures are required by federal or state law, we also have procedures for responding to requests to correct inaccurate information in a timely manner and to update information and remove old information regarding your relationship with our companies that you believe to be inaccurate.
LIMITING EMPLOYEE ACCESS TO INFORMATION
We have procedures that limit employee access to personally identifiable information to those employees with a business reason to know such information. The importance of confidentiality and customer privacy is addressed in our employee policy and employees must sign a confidentiality statement. Appropriate disciplinary measures are taken to enforce employee privacy responsibilities.
PROTECTION OF INFORMATION
We maintain security standards and procedures to help prevent unauthorized access to confidential customer information. We update and test our technology to improve the protection of your information and to assure the integrity of our information.
RESTRICTIONS ON DISCLOSURE OF ACCOUNT INFORMATION
We share information regarding customers among our banking divisions and affiliated companies so that we can provide an array of financial-related products to our customers and can recommend other financial products and services to match their needs. We do not reveal specific information about your accounts or other personally identifiable data to unaffiliated parties for their independent use, unless (1) you have requested it; (2) the information is provided to help complete a transaction initiated by you; (3) the information is provided to a reputable credit bureau or similar information reporting agency; or (4) disclosure is lawfully permitted or required.
MAINTAINING YOUR PRIVACY IN BUSINESS RELATIONSHIPS WITH OUTSIDE THIRD PARTIES
At times it is necessary to provide personally identifiable information about you to a third party, such as a vendor or service company that we hire to prepare account statements or to provide support or services for one of our products. These vendors and companies agree to safeguard your confidential financial information and they must abide by applicable law. We do not sell information about you to any other company.
DISCLOSING OUR PRIVACY COMMITMENT TO YOU
We want you to understand our commitment to privacy issues and our use of confidential financial information. You may obtain a copy of this policy at any company office location, by calling (1-888-379-4343) or by writing to Farmers-Merchants National Bank, 101 N. Taft St., Paxton, Illinois 60957.
Farmers-Merchants National Bank Disclosures
