MidCoast Community Bank
Privacy Statement
Protecting the privacy and confidentiality of your personal information is important to MidCoast Community Bank. We value your business and the trust you put in MidCoast Community Bank. In order to offer you the financial products and services you seek to obtain, we collect, maintain, and use information about you on a routine basis. To help you better understand how your personal information is protected, we are providing you with the following statement describing our practices and policies with respect to the privacy of customer information. In the event you terminate your customer relationship with us, or become an inactive customer, we will continue to adhere to the policies and practices described in this notice. The policies and practices described in this Privacy Statement are subject to change, but we will notify you if there are significant changes. This Privacy Statement is effective as of April 2007.
What Information We Collect
We collect nonpublic personal information about you on our applications or other forms during the application process, gathered from your transactions and experiences with us, and obtained from other authorized sources, such as consumer reporting agencies. All information collected and stored by MidCoast Community Bank is used for specific business purposes, such as administering your account, complying with state and federal banking regulations, protecting against fraud, and developing a better understanding of your financial needs to provide you with improved products and services.
What Information We Disclose
We do not disclose any nonpublic personal information about our customers or former customers to anyone except as permitted by law. We are permitted under the law to disclose such information about you to third parties in certain circumstances. For example, we may disclose nonpublic personal information about you to third parties to assist us in servicing your loan or account with us, to government entities in response to subpoenas and consumer reporting agencies.
We may also disclose all of the information we collected, as described here in to companies that perform marketing services on our behalf or to other financial institutions with which we have joint marketing agreements.
Our Privacy and Security Procedures
We understand that the protection of your non public personal information is of the utmost importance. Guarding your privacy is our obligation. MidCoast Community Bank maintains strict procedures and policies to safeguard your privacy. We restrict employee access to customer information to only those who have a business reason to know such information, and we educate our employees about the importance of confidentiality and customer privacy. We maintain physical, electronic and procedural safeguards that comply with federal standards to guard your nonpublic personal information. Links to third party sites are provided for your convenience. Such sites are not within our control and may not follow the same privacy or security standard as ours. We neither endorse nor guarantee offerings of the third party providers, nor are we responsible for the security, content or availability of third-party sites, their partners, or advertisers.