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Your Privacy Is Very
Important To Us! You can rest easy knowing that our corporate focus is the protection of your privacy in your dealings with us. When the new law took effect, we did not have to make any changes in our practices to be in full compliance. It is the policy of the Markesan State Bank to assure that the information it has about its customer is accurate. It is also the policy of the Markesan State Bank that it's customer's information is highly confidential. Information is only available to persons who have a need for it to properly service a customer's account, act upon a customer's request or to fulfill that person's job responsibilities. The Markesan State Bank has extensive security procedures that insure that its confidentiality policy is followed. Customer information is maintained in paper-based files and databases in its automation systems. All paper-based files are restricted to bank personnel who have a need for access to the information to properly carry out his or her job responsibilities. The Bank's automation systems have a complex set of user passwords and terminal identifications. Each limits employee access to information.
Financial Privacy Regulation Policy We collect nonpublic personal information about you from the following sources: Information we receive from you on applications or other forms. Information that we receive from processing your accounts with us and the transactions in those accounts, such as deposit accounts and loans, as well as information that we receive from providing services to you, such as funds transfer services. Information we receive from a consumer reporting agency (commonly known as a credit bureau). Information that we receive in response to requests we make to third parties about you or to confirm information that you have provided to us, particularly in the process of evaluating applications for loans or opening other accounts. THE MARKESAN STATE BANK DOES NOT DISCLOSE ANY nonpublic personal information about our customers or former customers to anyone, except as permitted by law.
USA Patriot Act The USA Patriot Act was passed by congress after the September 11, 2001, terrorist attacks on our country. The intent was to identify illegal aliens and determine if an individual is a known terrorist or appears to be affiliated with any terrorist organizations. The creation of this act requires the U.S. Treasury Department to adopt regulations that require and establish minimum standards for financial institutions Customer Identification Program (CIP), which would identify and verify any persons who apply to open an account. The Act is very broad and encompasses a variety of entities which includes not only banks, but also thrifts, credit unions, brokers, dealers in securities and commodities, insurance companies, travel agents, pawn brokers, precious metal dealers, check cashers, casinos, telegraph companies along with many others. Markesan State Bank Policy The Markesan State Bank will comply with regulations and be vigilant in collecting information when opening new accounts by potential customers and potential employees. Potential employees will also be required to complete a U.S. Department of Justice Immigration and Naturalization Service I-9 Form. This form helps establish identity of future employees by Markesan State Bank. A Customer Identification Program (CIP) will be used to identify and verify any persons who apply to open a depository or loan account at our financial institution for personal or business use. An application will need to be completed by the individual or business, prior to opening an account or applying for employment. Information requested will consist of the following: This information should be verified by bank staff and retained. Any discrepancies should be brought to the attention of the Patriot Act Compliance Officer, which is also the Bank Secrecy Act Officer and Anti-Money Laundering Officer. These policies are to compliment and assist one another and are not intended to replace any existing policies. The Bank Secrecy Act Officer will be responsible to train bank staff periodically and report to the Board of Directors annually. Any suspicious activity regarding opened accounts or denied accounts should have a Suspicious Activity Report completed and filed with the U.S. Treasury Department. The Markesan State Bank will publicly post in the lobby of our offices and on our web site, the CIP procedures. All potential customers are to be alerted that we will be requesting information to verify their identity when opening accounts. |