NOTICE OF YOUR FINANCIAL PRIVACY RIGHTS


This is our privacy notice for our customers. When we use the words "you" and "your" we mean the following types of customers: All of our consumer customers who have a continuing relationship with us, such as:

  • Deposit account
  • Loan account
  • Credit card
  • Safe deposit box
  • All IRA accounts for which we act as custodian
  • All former customers

    We will tell you the sources for nonpublic personal information we collect on our customers. We will tell you what measures we take to secure that information. We will also tell you what information we share with other entities. We will explain what your rights are, and how you can exercise them. If you share your account relationship with someone else, for example where you are a co-borrower or joint holder of a checking account, we suggest that you share this information with each other to ensure that each of you are aware of our policy and your options. We first define some terms.
    We, our, and us means Paragon Bank.
    Nonpublic personal information means information about you that we collect in connection with providing a financial product or service to you. Nonpublic personal information does not include information that is available from public sources, such as telephone directories or government records.
    An affiliate is a company we own or control, a company that owns or controls us, and a company that is owned or controlled by the same company that owns or controls us. Ownership does not mean complete ownership, but means owning enough to have control.
    A nonaffiliated third party is a company that is not an affiliate of ours.

    Opt out means a choice you can make to prevent certain sharing of information. We will explain how you can exercise this choice.

    THE INFORMATION THAT WE COLLECT


    We collect nonpublic personal information about you from the following sources:
  • Information we receive from you on applications or other forms.
  • Information about your transactions with us.
  • Information about your transactions with nonaffiliated third parties.
  • Information from a consumer reporting agency.

    CONFIDENTIALITY, SECURITY AND INTEGRITY OF YOUR NONPUBLIC PERSONAL INFORMATION

    We restrict access to nonpublic personal information about you to those employees who need to know that information to provide products or services to you. We maintain physical, electronic, and procedural safeguards that comply with federal regulations to guard your nonpublic personal information.

    NONPUBLIC PERSONAL INFORMATIONAND FORMER CUSTOMERS

    Since we value our customer relationship with you, we will not disclose your nonpublic personal information to nonaffiliated third parties, except as permitted by law.

    NONPUBLIC PERSONAL INFORMATION AND FORMER CUSTOMERS

    If you decide to close your account(s) or become an inactive customer, we will follow the privacy policies and practices as described in this notice.

    AUTHORIZED SHARING JOINT MARKETING

    We may disclose the following information to other financial institutions with whom we have joint marketing agreements:

    Nonpublic personal information we receive from you on an application or other forms, such as

  • Name and address
  • Social security and driver's licence number
  • Birth date Nonpublic personal information about your transactions with us such as,
  • Name and address
  • Account activity and balances
  • Types of accounts
  • Credit card usage
  • Deposit and payment history Federal law allows us to disclose the information listed above with other financial institutions with whom we have joint marketing agreements. However, we will allow you to opt out of the disclosure of this information. We may also disclose nonpublic personal information about you to nonaffiliated third parties as permitted by law.

    Types of Businesses. Here are the types of businesses with whom we may disclose nonpublic personal information under this section.
  • Financial service providers, such as
  • Credit card providers
  • Insurance companies

    REASONS FOR DISCLOSING

    Here is why we may disclose nonpublic personal information about you to other financial institutions with whom we have joint marketing agreements: To provide our customers with information about additional products and services.

    LIMITATIONS ON DISCLOSURE

    Here are the limitations we impose on the use of nonpublic personal information disclosed to other financial institutions with whom we have joint marketing agreements:

  • We only allow direct mail solicitations.
  • We do not allow telephone solicitations.
  • We only allow for bank products.

    YOU HAVE THE RIGHT TO CHOOSE

    Joint Marketing. We have explained the kinds of nonpublic personal information we may disclose to other financial institutions with whom we have joint marketing agreements. Federal law allows us to disclose information for that purpose. However, we will allow you to opt out of the disclosure of this information. If you prefer that we do not disclose nonpublic personal information to those financial institutions with whom we have a joint marketing agreement, you may opt out of those disclosures, that is you may direct us not to make those disclosures. Your decision to block the disclosure of your nonpublic personal information will apply to all products and services you receive from us. If you wish to opt out of this information sharing, please contact a member of our staff.