SouthPoint Bank

Description

Privacy Notice SouthPoint Bank is dedicated to protecting your privacy and providing you with the highest level of service. For this reason, we would like to share with you the following privacy principles which serve as standards for all SouthPoint Bank employees in the collection, use, and security of customer information. Privacy Principles Recognition of a Customer's Expectation of Privacy SouthPoint Bank recognizes and respects the privacy expectations of our customers. We will maintain standards to ensure that your information is private and secure at all times. Collection, Use, and Retention of Customer Information SouthPoint Bank collects, uses, and retains information about individual customers only where we believe it would be useful (and allowed by law) to administer business and to provide products, services, and other opportunities to our customers. We collect information about you only for specific purposes and use this information not only to administer your accounts but also to protect them. We also use information to understand your financial needs and design products and services that we believe will be beneficial for you. Information will be used only within the parameters established by our privacy principles which include: -Information related to your transactions with us -Information obtained when you use online (Internet) products and services Maintenance of Accurate Information SouthPoint Bank has established procedures to ensure that a customer's financial information is accurate, current, and complete in accordance with reasonable commercial standards. SouthPoint Bank will respond to requests to correct inaccurate information in a timely manner. Protection of Information via Established Security Procedures SouthPoint Bank maintains appropriate security standards and procedures to protect customer information from unauthorized access. Confidentiality and Security SouthPoint Bank limits access to personally identifiable customer information to those employees with a business reason for knowing such information. SouthPoint Bank educates our employees on the importance of confidentiality and customer privacy, and will take appropriate disciplinary measures to enforce employee privacy responsibilities. Restrictions on the Disclosure of Account Information SouthPoint Bank will not sell or rent your information to anyone. We do not reveal specific information about customer accounts or other personally identifiable data to unaffiliated third parties for their independent use unless: -The customer requests it -The information is provided in order to perform a service for us and on our behalf (check printing, marketing, title insurance, etc.)

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