NOTICE
OF YOUR FINANCIAL
PRIVACY RIGHTS
We, our, and us, when used in this notice, mean Sterling Bank and Trust, FSB.
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
- Automobile lease we service
- Retail installment contract we hold and service
- Financial, investment, or economic advisory services
- Mortgage brokerage services
- All persons (individuals) who do not have a continuing relationship with us but who may use a financial product or service we provide in isolated transactions. This includes, for example, someone who:
- Applies for a loan that does not get completed
- Former customers
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 from a consumer reporting agency
- Information about your transactions with us, our affiliates and with other parties
- 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 OUR OTHER PARTIES
In addition to our policy with respect to affiliates, we may disclose information to other parties. Here are the kinds of information we disclose to these other parties:
- Information you give us on an application
or other forms, such as:
- Name
- Address
- Information about your transactions with us, such as:
- Types of accounts
You may opt out of the disclosure of the information listed above.
State Limitations
AL, AK, CA, ID and VT - We will not share this information about customers who reside in Alabama, Alaska, California, Idaho or Vermont.
MA, MS and NJ - We will not share any information derived from deposit relationships with us about customers who reside in Massachusetts, Mississippi or New Jersey. If you have a loan account or other customer relationship in addition to a deposit account relationship, and you do not want us to share this information about you, you should opt out using a method described below.
IL - We will not share this information about our customers who reside in Illinois with other parties.
Types of Other Parties
We may disclose information about you to the following types of other parties:
- Financial service providers, such as:
- Insurance agents
We may also disclose information about you to other parties as permitted by law.
INFORMATION ABOUT FORMER CUSTOMERS
We have the same policy about disclosing information about former customers as we do about current customers.
AUTHORIZED SHARING - OUTSIDE MARKETING SERVICES
We may disclose the following information to companies that perform marketing services on our behalf:
- Information you give us on an application or other forms, such as:
- Name
- Address
- Income
- Information about your transactions with our affiliates, such as:
- Account balances
- Types of accounts
- Information we receive from a credit reporting agency, such as:
- Creditworthiness
We disclose the information listed above with companies that perform marketing services on our behalf. You do not have a right to opt out of the disclosure of this information. We may also disclose information about you to other outside marketing services as permitted by law.
Types of Businesses
Here are the types of businesses with whom we may disclose information for outside marketing purposes:
- Service providers that perform marketing services for us, such as:
- Telemarketing companies
- Direct sales companies
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:
- Name
- Address
- Account balances
- Types of accounts
- Telephone 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 about your transactions with other parties, such as:
- Parties to the transaction
- Credit Card usage
- Information we receive from a credit reporting agency, such as:
- Creditworthiness
You may opt out of the disclosure of the information listed above.
We may disclose information about you in the future to the following types of affiliates:
- Financial service providers, such as:
- 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.
Other Parties. If you do not want us to share your information with other parties, you can block the release of certain information. This is known as your right to "opt out."
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.
Any previous opt out by you will now be applied to all information for which you can now opt out.
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 using any of the following methods:
- Check the appropriate box(es) on the Opt Out Notice that you received with this notice and return it to us at this address:
Sterling Bank & Trust, FSB
P.O. Box 1170
Royal Oak, MI 48068-1170
· Compleye and return an email form which you can obtain at our website at: www.sterlingbank.com
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).
Other Parties. We have explained the kinds of information we may disclose to other parties. We have also explained the kinds of other parties with whom we may disclose the information. If you prefer that we do not disclose information to these other parties, 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.
Any previous opt out by you will now be applied to all information for which you can now opt out.
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 using any of the following methods:
- Check the appropriate box(es) below and return this form to us at this address:
Sterling Bank & Trust, FSB
P.O. Box 1170
Royal Oak, MI 48068-1170