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This Notice is intended to describe how we collect, maintain and disclose customer information. This Notice may be amended from time to time at our discretion. If you have any questions, comments or complaints about your privacy, please contact us at: Markesan State Bank, P.O. Box 270, Markesan, WI 53946
_______________________________________________________ We collect nonpublic personal information about you from the following sources:
We do not disclose any nonpublic personal information about you to anyone, except as permitted by law. If you decide to close your account(s) or become an inactive customer, we will adhere to the privacy policies as described in this Notice. We restrict access to your personal and account information to those employees who need to know that information to provide products or services to you. We maintain physical, electronic, and procedural safeguards that comply with federal standards to guard your nonpublic personal information. 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 a 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. Follow the above link for information on your ability to withdraw funds.
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