Privacy Disclosure Statement
FACTS WHAT DOES Grand Marais State 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 Driver's License Number
  • Account Balances and Payment History
  • Credit History and Income
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 customer's personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customer's personal information; the reasons Grand Marais State Bank chooses to share; and whether you can limit this sharing.
Reasons we can share your personal information Does 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 NO NO
For our affiliates' everyday business purposes -
information about your transactions and experiences
NO NO
For non affiliates to market to you NO NO
Questions? Call 800-835-1293 or to www.GrandMaraisStateBank.com
Who we are
Who is providing this notice? Grand Marais State Bank
What we do
How does Grand Marais State 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 Grand Marais State Bank collect my personal information? We collect your personal information, for example, when you
  • Open an Account or Apply for a Loan
  • Deposit Money or Cash a Check
  • Purchase a Ban Product
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.
Definitions
Affiliates Companies related by common ownership or control. they can be financial and non financial companies
  • Grand Marais State Bank does not share with our affiliates.
Non affiliates Companies not related by common ownership or control. They can be financial and non financial companies
  • Grand Marais State Bank does not share with non affiliates so they can market to you.
Joint marketing A formal agreement between nonaffiliated financial companies that together market financial products or services to you.
  • Grand Marais State Bank does not share with non affiliates so they can market to you.

Customer Identification Requirements
 
In accordance with Section 326 of the USA PATRIOT ACT signed October 26, 2001, Grand Marais State Bank is required to obtain, verify and record information used in identifying our new account customers and in identifying signatory individuals added to an existing or new account.  In some cases, identification will be requested for those individuals banking with the Bank prior to the effective date of the customer identification requirements because original documentation was not obtained with the opening of the account, or the Bank is unable to form a reasonable belief that it knows the true identity of the existing customer.  In all cases the protection of our customer's identity and confidentiality is the Bank's pledge to you.
Member FDIC
Member FDIC
 
Equal Housing Lender An Equal Housing Lender

Minnesota Fraud Enforcement Partnership

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