What does PrimeSouth 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:

  • Security Number and Income
  • Account Balances and Payment History
  • Credit History and Credit Scores

When you are no longer a customer, we continue to share information about you as described in this notice.

How?

All financial companies need to share customers’ personal information to run their everyday business. In the section below, we list reasons financial companies can share their customers’ personal information; the reasons PrimeSouth Bank chooses to share; and whether you can limit this sharing.

Reasons we can share your personal information Does PrimeSouth Bank Share? Can you limit this sharing?

For our everyday business purposes - 
To process your transactions, maintain your account, and 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 Yes No
For our affiliates’ everyday business purposes -
Information about your transactions and experiences
Yes No
For our affiliates’ everyday business purposes -
Information about your creditworthiness
No We don’t share
For our affiliates to market to you No We don’t share
For our nonaffiliates to market to you No We don’t share


Who is providing this notice?
PrimeSouth Bank

How does PrimeSouth 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 PrimeSouth Bank collect my personal information?
We collect your personal information, for example, when you:

  • Open an account or deposit money
  • Pay your bills or apply for a loan
  • Use your credit or debit card

We also collect your personal information from others, such as credit bureaus, affiliates, or other companies.

Why can’t I limit all sharing?
Federal law gives you the right to limit sharing only for:

  • Affiliates’ everyday business purposes- information about your creditworthiness
  • Affiliates to market to you
  • Nonaffiliates 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 nonfinancial companies.

  • PrimeSouth Bank currently has no affiliates.

Nonaffiliates
Companies not related by common ownership or control. They can be financial or nonfinancial companies.

  • PrimeSouth Bank does not share with nonaffiliates so they can market to you.

Joint Marketing
A formal agreement between nonaffiliated financial companies that together market financial products or services to you.

  • Our joint marketing partners include our Club Account service provider.
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