PRIVACY STATEMENT

 

 

   

     Respect of Right to Privacy

 

     First State Bank respects our customers right to privacy and takes every precaution to provide them with the level

     of privacy they would expect.  We will maintain standards to ensure their information is private and secure at all times.

     First State Bank is committed to providing the highest level of security and privacy regarding the collection and use of

     our customer’s personal information.

 

     Collection and Use of Personal Information

 

     The collection of personal information is designed to assist the bank in providing our customers with the products and

     services they want and need.  All personal information that is collected and stored by the bank is used for specific business

     purposes:  to protect and administer our customer’s personal accounts and transactions, to comply with state and federal

     banking regulations, and to help the bank better understand their financial needs in order to design or improve our products

     and services.

 

     The purpose of this policy is to protect the privacy of our customer’s nonpublic personal information that is necessary to

     collect and maintain in order to provide them with a product or service and to ensure the information is held in a secure

     environment.

 

     First State Bank has developed a privacy notice that was initially delivered to existing and former customers during the

     Month of June 2001.  Privacy notices will be given to all new customers no later than when the relationship is established.

     The bank may provide the initial notice within a reasonable time after the relationship is established if establishing

     the customer relationship is not at the customer’s election.  Notices will be delivered annually after the initial delivery.  In the  

     event the bank would begin to share nonpublic personal information with a nonaffiliated third party a revised notice would

     be sent to all customers.

 

     Information contained in our privacy notice pertains to:

1.      Categories of information collected.

2.      Categories of information disclosed.

3.      Categories of affiliates to whom we may disclose information.

4.      Policies with respect to the treatment of former customer’s information.

5.      Information disclosed to service providers.

6.      Policies for protecting the security and confidentiality of information.

7.      A statement that we make disclosures to other nonaffiliated third parties as permitted by law.

     

      Information Security Objectives

 

     It is the Policy of FIRST STATE BANK to identify reasonably foreseeable internal and external threats that could result in

     unauthorized disclosure, misuse, alteration, or destruction of customer information or customer information systems;  assess

     the likelihood and potential damage of these threats, taking into consideration the sensitivity of customer information; assess

     the sufficiency of policies, procedures, customer information systems and other arrangements in place to control risks.

 

     It is the Policy of FIRST STATE BANK to maintain an information security program,

     which shall include controls that management determines to be practical and appropriate for each of the following:

 

  • Access controls on customer information systems for each customer information system, including controls to

     authenticate and permit access only to authorized individuals and controls to prevent employees from providing customer

          information to unauthorized individuals who may seek to obtain this information through fraudulent means.

  • Access restrictions at physical locations containing customer information, such as buildings to permit access only to

           authorized individuals.

  • Encryption of electronic customer information including while in transit or in storage on networks or systems to which

           unauthorized individuals may have access.

  • Procedures designed to ensure that customer information system modifications are consistent with the bank’s information

     security program.

  • Dual control procedures, segregation of duties and employee background checks for employees with responsibilities for

           or access to customer information.

  • Monitoring systems and procedures to detect actual and attempted attacks on or intrusions  into customer information

     systems.

  • Response programs that specify actions to be taken when the bank suspects or detects that unauthorized individuals have

          gained access to customer information systems, including appropriate reports to regulatory and law enforcement    

          agencies.

  • Measures to protect against destruction, loss, or damage of customer information due to potential environmental hazards

     such as fire and water damage or technological failures.

 

     Management will ensure that all staff are trained in the requirements of the information security program.

 

     Internal and/or external auditors will periodically test the key controls, systems and procedures of the information security

     program and report to the board at least annually concerning these tests.

 

     Management will oversee service provider arrangements for compliance with all applicable provisions of the Gramm-

     Leach-Bliley (GLBA) Act and the provisions of this security program.

 

     Management will monitor, evaluate and adjust as appropriate the information security program in light of any relevant 

     changes in technology, sensitivity of customer information, internal or external threats to information, changes in the bank’s

     business arrangements or changes to customer information systems.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Please send comments & suggestions to customerservice@fsbimperial.com