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Kennebunk Savings Bank recognizes and respects the privacy
expectations of our customers and therefore has made the safekeeping
of customer information a priority. We maintain physical, electronic,
and procedural safeguards that comply with Federal standards to
guard your nonpublic personal information, and we have enacted
the following principles to ensure the safekeeping of information
entrusted to us.
Information Management: Kennebunk Savings Bank limits the
use, collection, and retention of customer information to what it
believes necessary or useful to conduct business, provide quality
service, and offer products, services, and other opportunities that
may be of interest to our customers.
Information collection and retention
We collect and retain
nonpublic personal information about you from information we
receive from you on applications or other forms; from information
through your transactions with us, our affiliates or others; and
from information we receive from a consumer reporting agency
during a normal business transaction.
Disclosure of Customer Information
Kennebunk Savings Bank
does not disclose any nonpublic personal information about
customers’ or former customers’ accounts or other personally identified
data to unaffiliated third parties for their independent use,
unless the information is provided: 1.) To assist us in marketing
and providing products and services to our customers in the normal
course of our business; 2.) At the request or with the permission
of the customer; or 3.) When the disclosure is permitted by law
or required by law enforcement or regulatory agencies.
We may report information about your account(s) to credit
bureaus. Late payments, or other defaults on your account(s) may
be reflected in your credit report.
We may also disclose certain limited information to an affiliate
based on your relationship and transactions with us. We will not
disclose any other customer information to a subsidiary that we
may have from other sources, for example information we receive
from a consumer reporting agency.
If Kennebunk Savings Bank provides identifiable customer information
to a third party with which we have a business relationship,
we insist that the third party adhere to strict privacy guidelines
that provide for keeping any such information confidential.
Maintenance of Accurate Customer Information: Kennebunk Savings Bank has established procedures to maintain
the accuracy of customer information and to keep such information
current and complete. These procedures include promptly
responding to requests to correct inaccurate information.
Limiting Employee Access to Information: Kennebunk Savings
Bank restricts employee access to nonpublic personal
information about you to those with a business reason for
knowing such information. Employees are educated on the
importance of maintaining the confidentiality of customer
information and our privacy policy. Because of the importance
of this issue, all Kennebunk Savings Bank employees are
responsible for maintaining the confidentiality of customer
information and employees who violate this privacy policy
are subject to disciplinary measures including termination.
Internet Banking Privacy: Kennebunk Savings Bank understands
how important it is to protect privacy of our on-line customers.
Our goal is to protect your personal information on the
Internet in the same way that we protect all other ways we
interact with you – in banking offices, at ATMs and over the
phone. Kennebunk Savings Bank will have access to your
information when you apply for or use any of our on-line
products or services. The information is retained on our
system in order to provide services requested.
Customer Inquiries: Kennebunk Savings Bank values your
relationship. We want you to understand how we use the
information you provide and our commitment to ensure
your personal privacy. If you have any questions about our
privacy policy or the privacy of your information, you should
call customer service at 800-339-6573.
This privacy policy applies to individuals. This policy is for
general guidance and does not modify or amend any agreements
we have with our customers.
Customer Identification Program
To help the government fight the funding of terrorism and
money laundering activities, Federal law requires all financial
institutions to obtain, verify, and record information that
identifies each person who opens an account.
When you open an account, we will ask for your name, address,
date of birth, tax identification number – either Social
Security Number (SSN) or Employer Identification Number
(EIN), and other information that will allow us to identify
you. We may ask to see your driver’s license or other
identifying documents.
For the purpose of this regulation an “account” includes every
formal banking relationship that entails ongoing services or
transactions. Some examples of “accounts” are checking or
savings accounts, loans, or safe deposit box rentals.
If you request to open an account or become a signatory on
an account and we have not previously verified your identity
under these new regulatory requirements, we will request
“documentary verification” of your identity. “Documentary
Verification” forms include a driver’s license, passport, or
green card. Other non-documentary methods may be used
if they verify your identity and meet federal regulations.
Kennebunk Savings Bank may retain a photocopy of the
document(s) it relied upon to verify your identity.
Rev 09/07 |
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