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Vergas State Bank
FACTS WHAT DOES VERGAS STATE BANK
DO WITH YOUR PERSONAL INFORMATION
 
 
Why? 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.
 
What? The types of personal information we collect and share depend on the product or service you have with us. This information can include:

  • Social Security number and Income
  • Account balances and Payment history
  • Credit history and Credit scores

When you are no longer our customer, we continue to share your information as described in this notice.
 
How? 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 VERGAS STATE BANK chooses to share; and whether you can limit this sharing.
 
Reasons we can share your personal information Does the VERGAS STATE BANK share? Can you limit this sharing?
For our everyday business purposes-
such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus		 Yes

No
For our marketing purposes-
to offer our products and services to you		 No We don't share
For joint marketing with other financial companies No We don't share
For our affiliates' everyday business purposes-
information about your transactions and experiences		 Yes No
For our affiliates' everyday business purposes-
information about your creditworthiness		 No We don't share
For our affiliates to market to you No

We don't share
For our affiliates to market to you

No

We don't share
 
Questions? D Call 218-342-2481 or go to 106 E Main Street, Vergas, MN the VERGAS S
 
 
What we do
How does VERGAS STATE BANK protect my personal information? 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.
How does VERGAS STATE BANK collect my personal information? We collect your personal information, for example, when you
  • open an account or apply for a loan
  • show your driver's license or show your government-issued ID
  • give us your income information

We also collect your personal information from others, such as credit bureaus, affiliates, or companies.
Why can't I limit all sharing? Federal law gives you the right to limit only
  • sharing for affiliates' everyday business purposes - information about you creditworthiness
  • affiliates from using your information to maarket to you
  • sharing for nonaffiliates to market to you

State laws and individual companies may give you additional rights to limit sharing
 
Definitions
Affiliates Companies related by common ownership or control. They can be financial and nonfinancial companies
  • Our affiliates include nonfinancial companies, such as Vergas Insurance Agency L.L.P.
Nonaffiliates Companies not related by common ownership or control. They can be financial and nonfinancial companies.
  • VERGAS STATE BANK does not share with nonaffiliates so they can market to you.
Joint marketing A formal agreement between nonaffiliated financial companies that together market financial products or services to you.
  • VERGAS STATE BANK doesn't jointly market.