Privacy Policy

Rev. 06/2010

FACTS

WHAT DOES FARMERS BANK DO WITH YOUR PERSONAL INFORMATION?

 

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.

 

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 account balances

§  transaction history and checking account information

§  payment history and wire transfer instructions

 

When you are no longer our customers, we continue to share your information as described in this notice.

 

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 Bank chooses to share; and whether you can limit this sharing.

 

Reasons we can share your personal information

Does Farmers Bank

Share?

Can you limit this sharing?

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

For our marketing purposes –

to offer our products and services to you

Yes

No

For joint marketing with other financial companies

No

Yes

For our affiliates’ everyday business purposes –

information about your transactions and experiences

No

Yes

For our affiliates’ everyday business purposes –

information about your creditworthiness

No

Yes

For nonaffiliates to market to you

No

Yes

 

Questions?

Call (757) 242-6111 or go to www.farmersbankva.com

       

 

 

Who we are

Who is providing this notice?

Farmers Bank

P.O. Box 285

Windsor, Virginia 23487

 

What we do

How does Farmers 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.

 

How does Farmers Bank

collect my personal information?

We collect personal information, for example, when you

 

§  open an account or deposit money

§  pay your bills or apply for a loan

§  use your debit or credit card

 

We also collect your personal information from others, such as credit bureaus or other companies.

 

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.

 

 

Definitions

Affiliates

Companies related by common ownership or control. They can be financial and nonfinancial companies.

 

§  Farmers Bank has no affiliates

 

Nonaffiliates

 

Companies not related by common ownership or control.  They can be financial and nonfinancial companies.

 

§  Farmers Banks does not share with nonaffiliates so they can market to you.

 

Joint marketing

A formal agreement between nonaffiliated financial companies that together market financial products or services to you.

 

§  Farmers Banks doesn’t jointly market

 

 
     

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