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At Beach First National Bank (the Bank), keeping customer
information secure is a key part of providing quality financial
services. Protecting your privacy is important and will continue to
be a top priority for the Bank. Our customer privacy policy is
summarized below.
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| What You Should Know. |
The Bank recognizes and respects your
privacy expectations; we collect and use only the information
necessary to provide the high level of customer service you have
come to expect. In this customer privacy disclosure we explain what
information we collect, how we use it, and the steps we have taken
to ensure the confidentiality of any information our customers share
with the Bank.
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| What Information We Collect. |
We collect, use and retain
nonpublic personal (customer) information from a variety of sources
for the purpose of administering our business or to provide
products, services or other opportunities for our customers.
Customer information is obtained directly from the customer, such
as: loan applications, other forms, personal financial statements,
or other oral, written, or electronic communications, and is
collected when recording customer activity and related transactions
with the Bank or other parties. Information is also requested, with
your permission, from outside sources (such as employment
verifications or credit reports, etc.). The information collected is
used to evaluate and manage the Bank’s risks; to protect and
administer your accounts, records, and funds; to comply with
applicable laws and regulations; to develop and enhance our
portfolio of products and services; and other valid business
purposes. Information gathered via the Internet, when established,
or other electronic means will be used only for appropriate purposes
such as evaluation of our web pages’ effectiveness, designing new
products or services for the benefit of our customers, or for
estimating system capacity needed to conveniently service our
customers.
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| Restricted Disclosure of Information. |
Responsible use of
information benefits our customers by protecting your privacy and by
enabling the Bank to offer you improved services based on your
needs. It is our policy to prohibit the sale of customer information
to parties outside of our corporate family. The Bank does not reveal
specific information about your accounts or other personally
identifiable data to external parties unless:
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- You request disclosure of the information.
- The information is necessary to complete a transaction or perform a service at your request.
- The information is provided to a reputable credit bureau or similar information reporting agency.
- Or the disclosure is otherwise lawfully permitted or required.
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| What Information We May Disclose. |
The Bank does not disclose any
information about its current or former customers to anyone, except
as permitted by law. The Bank is permitted to disclose information
to third parties that would assist in the servicing of your loan or
account, joint marketing, or the prevention of unauthorized
transactions. Examples include, but are not limited to: credit
bureaus, joint marketing firms, check printing companies, hardware
and software servicing, customer statement rendering, item
processing, credit card processing, electronic data processing
services, or other services required to support our products and
services.
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| Our Security Procedures. |
The Bank is committed to preventing
others from unauthorized access to your customer information.
We maintain procedures and technology designed for this purpose,
including the following:
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- The Bank maintains security levels and related
procedures to assist in the prevention of unauthorized access to
confidential information within our organization. We restrict access
to customer information to those employees who need to know that
information in order to provide products or services to you.
- The Bank maintains physical, electronic, and
procedural safeguards that comply with federal regulations to guard
our nonpublic personal information.
- When sharing information with third parties for
purposes of providing services for products you already have, the
ability of these companies to protect the information we share with
them is an important component of our decision to do business with
them. We require these companies to enter into a contractual
agreement that restricts the use of the information to those
purposes described above, and prohibits independent use of the
information. These companies agree to safeguard our confidential
customer information and they must abide by applicable law.
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| How to Contact the Bank. |
| The Bank continually strives to
maintain complete and accurate information about you and your
accounts. If you believe the information on your account with the
Bank is inaccurate or incomplete, please notify us immediately.
Under the Fair Credit Reporting Act, you have the right to notify us
if you believe we have reported inaccurate information about your
account to any Consumer Reporting Agency. Please submit your request
for correction in writing and include your full name, current
address, social security number, account number, telephone number,
and the information you believe to be inaccurate. Please inform us
of the reason you believe the information is incorrect and we will
review your request and correct any inaccuracies that are found.
Send your notice to: Beach First National Bank, 1550 Oak Street,
Myrtle Beach, SC 29577. |
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| © 2006 Beach First National Bank |
Loan officers available
M-F 9am – 9pm (EST)
Sat 10am – 1pm (EST)
Call us today! |
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