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24Biz- West Palm Beach FL
Grand Bank and Trust of Florida


GRAND BANK & TRUST OF FLORIDA
PRIVACY POLICY AND ONLINE BANKING SECURITY

GRAND BANK & TRUST OF FLORIDAsm PRIVACY POLICY

NOTICE OF YOUR FINANCIAL
PRIVACY RIGHTS

We, our, and us, when used in this notice, mean Grand Bank & Trust of Florida.

This is our privacy notice for our customers. When we use the words "you" and "your" we mean the following types of customers:

  • Our consumer customers who have a continuing relationship by purchasing or holding financial products or services such as a(n):
    • Deposit account
    • Loan account
    • Credit card account
    • Safe deposit box
    • Self-directed Individual Retirement Account
    • ATM card
    • Visa check card
    • Online banking
We will tell you the sources of the information we collect about you. We will tell you what measures we take to secure that information.

We will tell you what information we share about you with other entities. We will explain what your rights are, and how you can exercise them. If you share an account relationship with someone else, such as a joint account holder or co-borrower, we suggest that you share this information with such persons to ensure that each of you is aware of our policy and your options.

We first define some terms.

Nonpublic personal information means information about you that we collect in connection with providing a financial product or service to you. Nonpublic personal information does not include information that is available from public sources, such as telephone directories or government records. Hereafter, we will use the term "information" to mean nonpublic personal information as defined in this section.

An affiliate is a company we own or control, a company that owns or controls us, or a company that is owned or controlled by the same company that owns or controls us. Ownership does not mean complete ownership, but means owning enough to have control.

A nonaffiliated third party is a person we do not employ or a company that is not an affiliate of ours. This is also known as nonaffiliated third party, or simply, an "other party."

Opt out means a choice you can make to prevent certain sharing of information. We will explain how you can exercise this choice.

THE INFORMATION WE COLLECT

We collect information about you from the following sources:

  • Information you give us on applications or other forms
  • Information about your transactions with us
  • Information about your transactions with other parties
  • Information from a consumer reporting agency
  • Information we receive through our Customer Identification Program
THE CONFIDENTIALITY, SECURITY, AND
INTEGRITY OF YOUR INFORMATION

We restrict access to information about you to those employees who need to know that information to provide products or services to you. We maintain physical, electronic, and procedural safeguards to protect this information.

YOUR INFORMATION AND OTHER PARTIES

We will not disclose information about you to anyone except as disclosed in this policy or as permitted by law. Examples of this might include disclosures necessary to service your account or prevent unauthorized transactions.

INFORMATION ABOUT FORMER CUSTOMERS

We do not disclose information about former customers, except as permitted by law.

YOUR INFORMATION AND AFFILIATES - FUTURE CHANGES

In the future, we may disclose information about you to affiliates, even though we are not doing so now. Here are the kinds of information we may disclose to our affiliates:

Transaction and experience information from our account records:
  • Information about your transactions and experience with us, such as:
    • Name
    • Address
    • Account balances
    • Account activity
    • Types of accounts
    • Parties to the transaction
    • Credit card usage
    • Payment history
    • Deposit history
    • Account number
Federal law allows us to disclose the information listed above with our affiliates. You do not have a right to opt out of the disclosure of this information.
Other information not taken from transactions and experience:
  • Information you give us on an application or other forms, such as:
    • Social Security Number
    • Assets
    • Income
  • Information about your transactions with other parties, such as:
    • Name
    • Address
    • Account balances
    • Account activity
    • Types of accounts
    • Parties to the transaction
    • Credit card usage
    • Payment history
    • Deposit history
  • Information we receive from a credit reporting agency, such as:
    • Creditworthiness
    • Credit history
  • Information from other affiliates of ours, such as:
    • Credit history
You may opt out of the disclosure of the information listed above.
Types Of Affiliates

We may disclose information about you in the future to the following types of affiliates:

  • Financial service providers, such as:
    • Mortgage bankers
    • Securities broker-dealers
    • Insurance agents
YOUR RIGHT TO BLOCK THE DISCLOSURE
OF YOUR INFORMATION

Affiliates. We are permitted to disclose information about our transactions or experiences with you to affiliates in the future. You will not have the right to opt out of the disclosure of this particular type of information. We may also disclose other information to our affiliates (that is, information beyond our transactions and experiences with you), unless you tell us to not disclose this other information.

Your decision to block the disclosure of your information will apply to information collected from all products and services you receive from us. Remember, though, that your opt out will not apply to information we share that is related to your actual transaction and experience with one of us, which we make available to our affiliates.

If you have obtained one or more products or services jointly, an opt out instruction by any party will be effective for all of that party's information we have collected and for all information collected in conjunction with the product or service for all other joint parties. If one of you chooses to opt out, no information we have collected about you will be shared, nor will we share information about any other joint party collected in conjunction with the product or service.

If you previously sent us an opt out, then we will continue to apply your instruction to the information you asked us not to share. You do not need to return another opt out form.

If you wish to opt out of the disclosure of your information, you may do so by checking the appropriate box(es) on the Opt Out Notice that you received with this notice and returning it to us at this address:

Grand Bank & Trust of Florida
Attn: Privacy Disclosure Opt-Out Dept.
P.O. Box 3705
West Palm Beach, Florida 33402-3705

YOU HAVE THE RIGHT TO CHOOSE

In this notice, we have explained our policy about the disclosure of certain information.

Affiliates. We have explained the kinds of information we may disclose to our affiliates in the future. We have also explained the kinds of affiliates with whom we may disclose the information. If you prefer that we do not disclose information to our affiliates you may opt out of those disclosures, that is, you may direct us not to make those disclosures (other than the disclosures permitted by law).

Your decision to block the disclosure of your information will apply to information collected from all products and services you receive from us. Remember, though, that your opt out will not apply to information we share that is related to your actual transaction and experience with one of us, which we make available to our affiliates.

If you have obtained one or more products or services jointly, an opt out instruction by any party will be effective for all of that party's information we have collected and for all information collected in conjunction with the product or service for all other joint parties. If one of you chooses to opt out, no information we have collected about you will be shared, nor will we share information about any other joint party collected in conjunction with the product or service.

If you previously sent us an opt out, then we will continue to apply your instruction to the information you asked us not to share. You do not need to return another opt out form.

If you wish to opt out of the disclosure of your information, you may do so by checking the appropriate box(es) below and returning this form to us at this address:

Grand Bank & Trust of Florida
Attn: Privacy Disclosure Opt-Out Dept.
P.O. Box 3705
West Palm Beach, Florida 33402-3705

Do not share my information, other than information relating to your transactions and experiences with me, with your affiliates in the future.
 
 

________________________________________________________________________
Signature                                    Date

________________________________________________________________________
Name(s)

________________________________________________________________________
Social Security Number(s)

________________________________________________________________________
Account Number(s)

________________________________________________________________________
Street Address                                   Apt#

________________________________________________________________________
City, State, ZIP

________________________________________________________________________
Home Telephone Number

________________________________________________________________________
Work Telephone Number
 
 

                                   ONLINE BANKING SECURITY

                  Grand Bank of Floridasm is committed to providing the highest level of security
                  and privacy in the collection and use of information about our banking
                  customers, as well as that of all visitors to our web site.

                  The bank's policies regarding collecting, using, sharing, accuracy, and
                  safeguarding customer information are as follows:

                  Respect of Right to Privacy
                  Grand Bank of Floridasm acknowledges and respects the privacy and
                  confidentiality of customer information. We want to assure our customers that
                  information communicated electronically through our web site is as secure as
                  information received through more traditional bank delivery channels.

                  Collection and Use of Customer Information
                  The collection of information online is designed to protect access to your
                  accounts and to assist the bank in providing you with the products and
                  services that are of value to you. All information collected and stored by the
                  bank is used for specific business purposes. Specifically, it is used to protect
                  and maintain your accounts and transactions, to comply with state and federal
                  banking regulations, and to help the bank better understand your financial
                  needs in order to design or improve our products and services.

                  Information may also be obtained from "cookies". A "cookie" is a small file
                  placed on your hard drive by our web site server that is retrieved the next time
                  you enter our web site. The "cookie" is used to help us serve you better by
                  recognizing you as a customer and to automate your online experience. For
                  example, "cookies" are used to store your preferences for certain kinds of
                  information or to store account information so that you do not have to input it
                  every time you visit our site. "Cookies" cannot be used to reveal anything that
                  you have not already explicitly revealed. They cannot read your hard drive, get
                  your e-mail address, or steal personal information about you. If you do not with
                  to receive "cookies", you can set your browser to alert you of a "cookie" being
                  offered, or to reject all "cookies".

                  Safeguarding Customer Information
                  Grand Bank of Floridasm has established security standards and procedures to
                  help protect customer information from unauthorized access. Customer
                  information is protected from unauthorized access to the bank by a password
                  chosen by the customer. Thus, customer information is only accessible to
                  those who know the customer's user identification and password. User
                  identification and passwords provide audit trails to further safeguard the privacy
                  of customer information.

                  Customer information is protected from being altered while in transmission to
                  the bank by encryption technology known as Secure Sockets Layer (SSL).
                  SSL manipulates the data into a format unreadable to humans as it leaves the
                  customer's workstation. Furthermore, the data in transit is split up into packets
                  that travel separately and are not reorganized until they filter through the bank's
                  router. If the encryption code is broken at an unauthorized computer, that
                  computer will only receive incomplete random packets, which would be out of
                  context with the whole data.

                  Customer information is protected while in the bank by limiting its access to
                  only authorized employees, who are trained in the proper handling of that
                  information. These employees have been instructed to maintain the
                  information's confidentiality. To ensure that the confidentiality policy is
                  understood, it is incorporated into the Employee Handbook. Failure of an
                  employee to comply with the privacy policy is subject to disciplinary action.