RESOURCE CENTER

At First Option Bank, we pride ourselves on offering "Banking at Its Best." Please contact us for further assistance if you don't see what you need here.


 

FIRST OPTION BANK PRIVACY POLICY

 

What Does First Option 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 income
  • Account balances and payment history
  • Credit history and transaction 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 First Option Bank 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 investigatios, or report to credit bureaus.

    • Does First Option Bank share? YES
    • Can you limit this sharing? NO
  • For our marketing purposes to offer our products and services to you

    • Does First Option Bank share? YES
    • Can you limit this sharing? NO
  • For joint marketing with other financial companies.

    • Does First Option Bank share? NO
    • Can you limit this sharing? We don't share this information.
  • For our affiliates' everyday business purposes such as information about your transactions and experiences.

    • Does First Option Bank share? YES
    • Can you limit this sharing? NO
  • For our affiliates' everyday business purposes such as information about your creditworthiness

    • Does First Option Bank share? NO
    • Can you limit this sharing? We don't share this information.
  • Non affiliates to market to you

    • Does First Option Bank share? NO
    • Can you limit this sharing? We don't share this information.

Who we are

Who is providing this notice?

First Option Bank

 

What we do

How does First Option 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.

How does First Option Bank collect my personal information?

We collect your personal information, for example, when you

  • open an account or make deposits or withdrawals from your account
  • pay your bills or apply for a loan
  • use your credit or debit card

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 credit worthiness
  • 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

Affiliates

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

Nonaffiliates

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

  • First Option 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.

This document is also availabe in PDF form.   You will need Adobe Acrobat Reader installed on your computer to view this as a PDF.   Please click here to install the latest version.   If you would like to view this document in PDF form please click here.