Definitions
Affiliates means:
- Companies related by common ownership or control. They can be financial and non-financial companies. Piermont Bank has no affiliates.
Nonaffiliates means:
- Companies not related by common ownership or control. They can be financial and non-financial companies. Piermont Bank does not share with non-affiliates so they can market to you.
Joint marketing means:
- A formal agreement between nonaffiliated financial companies that together market financial products or services to you. Piermont Bank currently does not jointly market.
Types of Information
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.
Sharing of Information
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 Piermont Bank chooses to share; and whether you can limit this sharing:
| Reasons we can share your personal information | Does Piermont 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 | No | We don’t share |
| For joint marketing with other financial companies | No | We don’t share |
| For our affiliates’ everyday business purposes— information about your transactions and experiences | No | We don’t share |
| For our affiliates’ everyday business purposes— information about your creditworthiness | No | We don’t share |
| For our affiliates to market to you | No | We don’t share |
| For non–affiliates to market to you | No | We don’t share |
How does Piermont Bank protect my 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 Piermont Bank collect my personal information?
We collect your personal information, for example, when you:
- Open an account or deposit money
- Pay your bills online or apply for a loan
- Use your debit card
We also collect your personal information from others, such as credit bureaus.
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 non – affiliates to market to you
State laws and individual companies may give you additional rights to limit sharing.
Questions
Call 212-266-9200 or go to www.piermontbank.com.