Wayne Bank and Trust Co., with whom you have chosen to share private and confidential financial information, respects your right to financial privacy. We are committed to treating the nonpublic personal information you have provided to us in a secure and responsible manner. In order to help you understand how we protect and use this information, we have outlined our principles of consumer privacy protection.
We believe that you have the right to expect your nonpublic personal information (for example, information we receive from you on a loan application or about your credit history from a credit reporting agency) to remain private and secure. We maintain appropriate procedures to ensure that this belief is upheld.
We define a customer to be someone who maintains a continuing relationship (such as a checking account or loan) with Wayne Bank and Trust Co. We define a consumer to be someone who occasionally uses a financial product or other type of service that we offer (for example, if you purchase a Money Order from us, or use our ATM). We apply these privacy standards equally to customers, ex-customers and consumers.
We limit the collection, use and retention of information we receive from or about you to that which is necessary to provide banking services to you, to administer our business, or to offer additional services to you.
We strive to maintain accurate and up-to-date information. If you believe our records are incomplete or inaccurate, we will promptly investigate and correct any errors.
All bank personnel have a responsibility to protect our customers' privacy, and are subject to disciplinary measures if the Bank's privacy expectations are violated. Employee access to nonpublic personal information is limited to those who, in the course of providing service to you and conducting the Bank's business, have a need for this information.
We maintain standards and procedures to prevent unauthorized access to your information by unaffiliated third parties. We do not reveal nonpublic personal information about you to unaffiliated third parties for their own use, unless:
- You authorize it.
- The information is provided to complete a transaction you have requested.
- The information is provided to a credit bureau or similar information reporting agency.
- The disclosure is otherwise lawfully permitted or required by law.
If we provide nonpublic personal information to third parties for these reasons, we expect them to maintain similar standards of conduct regarding the privacy of the personally identifiable customer information provided by us.
Please contact us if you need additional information.