| PRIVACY POLICY |
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Capital Bank is implementing this privacy policy because protecting your privacy, along with your financial assets, is at the core of our business. You have chosen to do business with us, and we recognize our obligation to limit access to the information you provide us.
This policy has been adopted by the Bank's Board of Directors. Bank management reviewed a variety of issuances from federal banking agencies, as well as the U.S. Banking Industry Privacy Principles, and carefully considered the policy in light of the bank's particular needs, including the bank's size, bank's involvement with third parties, and the needs of our customers.
CAPITAL BANK
NOTICE OF YOUR
FINANCIAL PRIVACY
RIGHTS
This notice is being provided to you in order to explain our privacy policies and practices. You have the right to know the privacy
policies and practices of the financial institution you deal with in respect to information sharing with both affiliates and nonaffiliated third parties. At Capital Bank, protecting the privacy and confidentiality of your personal information is important to us. In order to offer you the financial products and services you seek, we collect, maintain, and use information about you on a routine basis. In the event you terminate your customer relationship with us, or become an inactive customer, we will continue to adhere to the policies and practices described in this notice.
Definitions
We, our, and us. This will always mean Capital Bank.
You and Your. This means our customers who have a continuing relationship with us, such as a deposit account; a loan account; a safe deposit box; a retail installment contract we hold and service; and/or a self directed Individual Retirement Account where we act as custodian or trustee.
Nonpublic, personal information. This 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. This is any company we own or control, a company that owns or controls us, or 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.
Nonaffiliated third party. A Company that is not an affiliate of ours.
Publicly available information. Information that is lawfully available to the general public from official public records (such as real estate records or securities filings), information from widely distributed media (such as telephone books, television, radio, or newspaper) or information that is required to be disclosed to the general public by Federal, State or Local law.
Information We Collect
We collect, retain, and use nonpublic, personal information about you as allowed by law, from the following sources:
- Information we receive from you on applications or other forms;
- Information about your transactions with us, our affiliates, or others; and
- Information we receive from a consumer reporting agency.
Use of Information
We do not disclose any nonpublic personal information about our customers or former customers to anyone, except as permitted by law.
The Confidentiality, Security and Integrity of Your Nonpublic Personal Information
We understand that the protection of your nonpublic personal information is of the utmost importance. Guarding your privacy has always been our obligation. Capital Bank maintains strict procedures and policies to safeguard your privacy. We restrict employee access to customer information only to those who have a business reason to know such information, and we educate our employees about the importance of confidentiality and customer privacy. We maintain physical, electronic, and procedural safeguards that comply with federal standards to guard your nonpublic personal information.
Questions about your Privacy
If you have questions about the privacy of your information, please feel free to contact us. Your information is as safe with us as it has always been and is of utmost importance to us.
Capital Bank
1020 Rice Street
St Paul Mn 55117
651-488-2516
Member FDIC
