The Bank of Edgerton is a branch of the Bank of Milton, and they will hereafter be referred to jointly as “We” or “ Bank of Milton”. The Bank of Milton recognizes and respects the importance of protecting the privacy of your personal information. The Bank of Milton does not sell any consumer information to any third parties. Because of our interest in protecting your privacy, we have adopted the following policy, continuing our commitment to you, our valued customer.
Recognition of Your Expectation of Privacy
We recognize that you expect privacy and security for your personal and financial affairs. While information is critical to providing quality service, we recognize that one of our most important assets is our customers' trust. As a result, it is the policy of the Bank of Milton that both the personal and financial affairs of our customers are confidential.
Collection, Retention, and Use of Customer Information
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 information about you only for specific business purposes - and will tell you why we are collecting it upon your request. This nonpublic personal information is collected from the following sources: your applications or forms; your transactions; and/or consumer reporting services. We use information 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 and provide you with quality products and superior service.
Maintenance of Accurate Information
The Bank of Milton has established procedures to maintain customer information. We continually strive to maintain complete and accurate information about you and your accounts. Should you ever believe that our records are inaccurate or incomplete, please notify us at you earliest convenience. We will investigate your concerns and update our record in a timely manner as dictated by State and Federal Regulations.
Limitations on Employee Access to Information
The Bank of Milton limits employee access to personally identifiable information to those with a business reason for knowing such information. Employees are trained on the importance of confidentiality and customer privacy. Additionally, all bank personnel are required to sign a confidentiality agreement that states they understand the importance of confidentiality and agree to hold all information in the strictest confidence. Failure to comply with this agreement would subject an employee to disciplinary action.
The Bank of Milton maintains security standards and procedures to help prevent unauthorized access to confidential information about you.
Restrictions on the Disclosure of Account Information
We do not reveal specific information about customer/former customer accounts or other personally identifiable data to nonaffiliated third parties for independent use unless:
- you request or authorize it;
- the information is provided to help complete a transaction initiated by you;
- the information is provided to a reputable credit bureau or similar information reporting agency;
- the disclosure is otherwise lawfully permitted or required.
Maintaining Your Privacy in Business Relationships with Outside Third Parties
Sometimes it is necessary to provide personally identifiable information about you to a third party, such as to a check printing company. We require our vendors and suppliers to maintain similar standards of conduct regarding the privacy of personally identifiable customer information provided to them. They are obligated to keep the information that we provide them confidential.