What does Security Bank, SB 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 income
- Account balances and payment history
- Credit history and credit scores
When you are no longer our customer, we continue to share your information as described in this notice.
How? All financial companies need to share costumers’ personal information to run their everyday business. In the section below, we list the reasons financial companies can share their personal information; the reasons Security Bank, SB chooses to share; and whether you can limit this sharing.
Reasons we can share your personal information.
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
- Does Security Bank, SB share? Yes
Can you limit this sharing? No
For our marketing purposes—
to offer our products and services to you
- Does Security Bank, SB share? No
Can you limit this sharing? We don’t share
For joint marketing with other financial companies
- Does Security Bank, SB share? Yes
Can you limit this sharing? No
For our affiliates’ everyday business purposes—
information about your transactions, creditworthiness, and experiences
- Does Security Bank, SB share? No
Can you limit this sharing? We don’t share
For nonaffiliates’ to market to you
- Does Security Bank, SB share? No
Can you limit this sharing? We don’t share
Who we are
Who is providing this notice?
Security Bank, SB
How does Security Bank, SB 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.
What we do
How does Security Bank, SB collect my personal information?
We collect your personal information, for example, when you
- Open an account or deposit money
- Pay your bills or apply for a loan
- Use your credit or debit card
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. See below for additional State of Illinois laws.
Definitions
Affiliates
Companies related by common ownership or control. They can be financial and nonfinancial companies.
- Our affiliates include financial companies such as S.B. Financial Services, Inc. and 510 Monroe Holdings, LLC.
Nonaffiliates
Companies not related by common ownership or control. They can be financial and nonfinancial companies.
- Security Bank, SB 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.
- Our joint marketing partners include credit card companies.
Other Important Information
In the absence of a statutory or regulatory exception that authorizes disclosure by us, Illinois state law requires us to obtain authorization from you before disclosing nonpublic personal information or financial records to nonaffiliated third parties. Furthermore, at any time after you grant us authorization to disclose, you may rescind authorization by notifying us of your election to rescind previously granted authorization.
Important Information about Procedures for Opening a New Account
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.
What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you.
We may also ask to see your driver’s license or other identifying documents. Thank you for your cooperation.
Security Bank is committed to making our products and services accessible to meet the banking and financial services needs of all our customers. If you experience any problems or difficulties in accessing this website or its content, please contact us at 217-789-3500, or send an email to support@securitybk.com.
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