Coconut Grove Bank recognizes the trust you have placed
in us and our responsibility regarding your financial privacy. It
is our responsibility to keep your sensitive financial and personal
information confidential. We have always had a practice of protecting
your privacy.
We want you to understand what information we collect
and how we use it. In order to provide our customers with a broad
range of financial products and services as effectively and conveniently
as possible, we use technology to manage and maintain customer information.
What Information We Collect
We may collect "nonpublic personal information"
about you from the following sources:
o Information we receive from you on applications, loan documents and other account forms;
o Information and your transactions with us or others; and
o Information we receive from third parties such as credit bureaus.
"Nonpublic personal information" is nonpublic information about you that we obtain in connection
with providing a financial product or service to you. For example,
nonpublic personal information includes information regarding your
account balance, payment history, and overdraft history.
What Information We Disclose
A. We are permitted under law to disclose nonpublic
personal information about you to "nonaffiliated third parties"
(not members of our corporate family) in certain circumstances.
For example, we may disclose nonpublic personal information about
you to third parties to assist us in servicing your account with
us, to government entities in response to subpoenas, and to credit
bureaus.
B. We may disclose the following information about you
to companies that perform marketing services on our behalf or to
other financial institutions with which we have joint marketing
arrangements.
o Information we receive from you on applications
or other loan and account forms, such as your name, address, social
security number, assets and income.
o Information about your transactions
with us or others, such as your account balance, your name, address,
payment history, assets, and income; and
o Information we receive from credit bureaus, such as your creditworthiness
and your payment history.
If you decide to close your account(s) or become an inactive customer,
we will continue to adhere to the privacy policies and practices
described in this notice.
Our Security Procedures
We also take steps to safeguard customer information. We restrict
access to your personal and account information 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.
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