Privacy Policy

Rev. January 2012

FACTS
WHAT DOES PASSUMPSIC SAVINGS BANK 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 account balances
  • Transaction history and payment history
  • Credit history and overdraft history

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 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 Passumpsic Savings Bank chooses to share; and whether you can limit this sharing.
Reasons we can share your personal information
 Does Passumpsic Savings 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 Yes No
For joint marketing with other financial companies Yes No
For our affiliates' everyday business purposes – information about your transactions and experiences Yes No
For our affiliates' everyday business purposes – information about your creditworthiness No We don't share
For nonaffiliates to market to you No We don't share

Questions? Call 1-800-370-3196 or go to www.passumpsicbank.com

What We Do
What It Means
How does Passumpsic Savings Bank 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.

We educate our employees about the importance of maintaining the confidentiality of customer information.
How does Passumpsic Savings Bank collect my personal information?

We collect your personal information, for example, when you

  • open an account or give us your contact information
  • make deposits or withdrawals from your account
  • apply for a loan or seek advice about your investments

We also collect your personal information from others, such as credit bureaus, affiliates or other companies.
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.
Definitions
Descriptions
Affiliates

Companies related by common ownership or control. They can be financial and nonfinancial companies.

  • Our affiliates include our parent company, Passumpsic Bancorp, a mutual holding company and our mortgage company subsidiary, Northeast Home Loan, LLC.
Nonaffiliates

Companies not related by common ownership or control. They can be financial and nonfinancial companies.

  • Passumpsic Savings Bank 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 may include: insurance, securities brokerage, credit cards, leasing, mortgage banking, tax preparation, fiduciary services, estate and financial planning, and investment management and advisory services companies.