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At Red Mountain Bank our client security, convenience and service are paramount concerns. Our clients have a right to expect that information they entrust to us will be treated with appropriate discretion and confidentiality. Red Mountain Bank is committed to maintaining your privacy and safeguarding your account, transactions and personal information.
When used in this Privacy Statement, the words “we”, “our” and “us” refer to Red Mountain Bank, the terms “you” and “your” refer to our clients and former clients.
For purposes of this statement, the following definitions apply:
- “Non-public personal information” means information about you that we collect in connection with a financial product or service provided to you. Non-public personal information does not include information from public sources, such as telephone directories or governmental records.
- An “affiliate” is a company we own or control, a company that owns or controls us or a company controlled by the same company that owns or controls us.
- A “non-affiliated third party” is a person we do not employ or a company that is not affiliated with us, also known as a non-affiliated third party, or simply, an “other party”.
- “Opt out” means a choice you can make to not permit the sharing of certain information.
We collect non-public personal information about you from the following sources:
- Information we receive from you on applications for the bank’s products or services or other forms;
- Information we receive from your transactions with us, our affiliates, or others; and
- Information we receive from a consumer reporting agency.
Categories of client and former client information that we may share
We do not disclose any non-public personal information about our clients or former clients to anyone, except as permitted by law.
We restrict access to non-public 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 regulations to guard your nonpublic personal information.
Although we do not currently disclose non-public personal information to third parties, except as permitted by law, we reserve the right to do so in the future.
- Information we receive from you on applications or other forms, such as your name, address, social security number, employment, income, assets, liabilities and net worth;
- Information about your transactions with us, our affiliates, or others, such as your account balance, payment history, parties to transactions, transaction volumes, and credit card usage; and
- Information we receive from a consumer reporting agency, such as your creditworthiness and credit history.
In the future, we may disclose non-public personal information about you to the following types of third parties:
- Financial service providers, such as mortgage bankers, securities broker-dealers, and insurance agents;
- Non-financial companies, such as retailers, direct marketers, airlines, and publishers that have a joint marketing agreement with the bank; and
- Others.
In the future, we may disclose information about your transactions to our affiliates to:
- To provide you with information about other services and products available to you;
- To evaluate our total relationship with you and our affiliates to ensure we are providing maximum value to you.
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