OUR PRIVACY PLEDGE TO YOU

As a customer of Southern Bank, you provide us with important information about yourself.  We believe it is our responsibility to safeguard your personal and financial information.  While some financial institutions share account owner information with other businesses, we are committed to keeping it confidential.

We have developed the following privacy policy to ensure you the confidentiality you deserve.  You have our promise that we will adhere to these guidelines.   It is our pledge to you.

NOTICE OF YOUR FINANCIAL PRIVACY RIGHTS

We, our, and us, when used in this notice mean Southern Bank.

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

            * All of our consumer customers who have a continuing relationship with us,    such as:

·        Deposit account

·        Loan account

·        Safe deposit box

·        Self-directed Individual Retirement Account where we act as custodian or trustee

We will tell you the sources for nonpublic personal information we collect on our customers.  We will tell you what measures we take to secure that information.

 Definitions:

            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. 

            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 company that is not an affiliate of ours.

 

THE INFORMATION THAT WE COLLECT ABOUT YOU

We collect nonpublic personal information about you from the following sources:

·        Information we receive from you on applications or other forms

·        Information about your transactions with us

·        Information about your transactions with nonaffiliated third parties

·        Information from a consumer reporting agency

INFORMATION WE DISCLOSE ABOUT YOU

 We do NOT disclose any nonpublic personal information about you to anyone, except as permitted by law.  This might include disclosures necessary to service your account, perform joint marketing or prevent unauthorized transactions.

THE CONFIDENTIALITY, SECURITY,

AND INTEGRITY OF YOUR NONPUBLIC

PERSONAL INFORMATION

We restrict access to nonpublic personal 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 that comply with federal standards to guard your nonpublic personal information. 

NONPUBLIC PERSONAL INFORMATION

AND FORMER CUSTOMERS