Rev 5/2014
FACTS |
WHAT DOES FARMERS STATE BANK DO WITH YOUR PERSONAL INFORMATION? |
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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. |
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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. |
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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 Farmers State Bank chooses to share; and whether you can limit this sharing. |
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Reasons we can share your personal information |
Does Farmers State Bank share? |
Can you limit this sharing? |
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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 |
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For our marketing purposes— to offer our products and services to you |
Yes |
No |
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For joint marketing with other financial companies |
No |
We don’t share |
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For our affiliates’ everyday business purposes— information about your transactions and experiences |
No |
We don’t share |
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For our affiliates’ everyday business purposes— information about your creditworthiness |
No |
We don’t share |
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For our affiliates to market to you |
No |
We don’t share |
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For nonaffiliates to market to you |
No |
We don’t share |
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Questions? |
Call toll free at 1-888-492-7111 or go to www.farmersstatebank.com |
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Who we are |
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Who is providing this notice? |
Farmers State Bank |
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What we do |
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How does Farmers 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. |
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How does Farmers State Bank collect my personal information? |
We collect your personal information, for example, when you ◼ Open an account or deposit money ◼ Pay your bills or apply for a loan ◼ Use your credit or debit card We also collect your personal information from others, such as credit bureaus or other companies. |
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Why can’t I limit all sharing? |
Federal law gives you the right to limit only ◼ sharing for affiliates’ everyday business purposes—information about your creditworthiness ◼ affiliates from using your information to market to you ◼ sharing for nonaffiliates to market to you State laws and individual companies may give you additional rights to limit sharing. |
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Definitions |
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Affiliates |
Companies related by common ownership or control. They can be financial and nonfinancial companies. ◼ Farmers State Bank does not share with our affiliates |
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Nonaffiliates |
Companies not related by common ownership or control. They can be financial and nonfinancial companies. ◼ Farmers State Bank does not share with nonaffiliates so they can market to you. |
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Joint marketing |
A formal agreement between nonaffiliated financial companies that together market financial products or services to you. ◼ Farmers State Bank doesn’t jointly market |
DIGITAL PRIVACY POLICY
We value your privacy and are committed to protecting your personal information. This Privacy Policy outlines how we collect, use, and share your data when you use our websites, Online or Mobile applications, or interact with our digital communications or campaigns.
Personal Data Collected
We may collect the following types of personal data:
- Contact Information: Including your name, address, email address, and phone number.
- Financial Information: Such as bank account details, credit card numbers, and transaction history.
- Device Photos and Videos: When selected by you to complete certain types of transactions or services.
- Contact Lists: To facilitate digital payments if you choose to enable this feature.
- Transaction Data: Information about your use of our products and services.
- Location Data: Your device’s approximate physical location if you opt to share it.
Purpose of Data Usage
We use your personal data for the following purposes:
- Identity Verification: To verify your identity and ensure accuracy of information.
- Financial Needs Assessment: Understanding your financial needs and eligibility for products and services.
- Account Management: Managing our relationship with you and providing customer support.
- Fraud Prevention: Protecting against fraud and managing other risks.
- Communication: Sending you relevant information about products and services that may interest you.
- Analytics: Understanding our customers and improving our products and services.
Legal Basis for Processing
We process your personal data based on the following legal grounds:
- Consent: When you provide explicit consent for specific processing activities.
- Contractual Necessity: When processing is necessary for the performance of a contract with you.
- Legal Obligation: When processing is necessary to comply with legal or regulatory requirements.
- Legitimate Interests: When processing is necessary for our legitimate interests, provided they do not override your fundamental rights and freedoms.
Data Retention
We retain your personal data only for as long as necessary to fulfill the purposes outlined in this Privacy Policy, unless a longer retention period is required by law or for legal, accounting, or regulatory purposes.
Data Deletion
You have the right to request deletion of your personal data under certain circumstances, such as when the data is no longer necessary for the purposes for which it was collected or if you withdraw your consent for processing.
Sharing Personal Information:
- Service Providers: We may share your personal information with Service Providers to monitor and analyze the use of our service, to contact you.
- Business Transfers: We may share or transfer your personal information in connection with, or during negotiations of, any merger, sale of Company assets, financing, or acquisition of all or a portion of our business to another company.
- Affiliates: We may share your information with our affiliates, in which case we will require those affiliates to honor this Privacy Policy. Affiliates include our parent company and any other subsidiaries, joint venture partners or other companies that we control or that are under common control with us.
- Business Partners: We may share your information with our business partners to offer you certain products, services or promotions.
- Other Users: When you share personal information or otherwise interact in public areas with other users, such information may be viewed by all users and may be publicly distributed outside.
- Your Consent: We may disclose your personal information for any other purpose with your consent.
Cookies and Tracking Technologies
We and/or our service providers may use cookies and similar tracking technologies on our websites, mobile applications, and in our emails and advertisements for various purposes, including security, analytics, personalization, and marketing. These technologies help us understand user behavior, improve user experience, and provide relevant content and ads.
Types of Cookies
- Strictly Necessary Cookies: Essential for enabling basic website functionality and accessing secure areas of the website.
- Performance Cookies: Collect anonymous information about website usage to improve website performance.
- Functionality Cookies: Remember user preferences and provide enhanced features.
- Marketing and Advertising Cookies: Used for targeted advertising based on user interests and behavior.
Opting Out of Cookies
- You can manage cookie preferences through your browser settings or opt-out of targeted advertising through third-party platforms.
- Please note that certain functionalities of our services may not be available if you disable cookies.
Legal Rights
You have the following legal rights regarding your personal data:
- Access: To access and obtain a copy of your personal data.
- Rectification: To correct inaccurate or incomplete personal data.
- Erasure: To request deletion of your personal data.
- Restriction: To restrict or limit the processing of your personal data.
- Portability: To receive your personal data in a structured, commonly used, and machine-readable format.
Contact Us
For any questions or requests regarding this Privacy Policy or your personal data, please contact us at the provided address or email.
- By email: onlinebankinginfo@farmersstatebank.com
- By visiting our website: https://www.farmersstatebank.com
- By phone number: 888.492.7111
- By mail: 220 S. Detroit Street, LaGrange, IN 46761
We reserve the right to update this Privacy Policy periodically. Any changes will be communicated to you through our website or other appropriate channels.
Revised 05.24.24