Privacy Policy

Facts

What does Presidential 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:

 
  • Social Security number and income
  • Account balances and payment history
  • Credit history and credit scores or other debt
 

When you are no longer our customer, we continue to share your information 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 the reasons financial companies can share their customers’ personal information; the reasons Presidential Bank chooses to share; and whether you can limit this sharing.

 
Reasons we can share your personal information Does Presidential Bank share? Can you limit this sharing?
For our everyday business purposes -

such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or 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 nonaffiliates to market to you
No We Don't Share
 

What we do

How does Presidential Bank protect my personal information?

To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. Those measures include computer safeguards and secured files and buildings.

 

How does Presidential Bank collect my personal information?

We collect your personal information, for example, when you

 
  • open an account or make deposits or withdrawals from your account
  • pay your bills or apply for a loan
  • use your debit card
  • direct us to buy or sell securities
 

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 only

 
  • sharing of affiliates’ everyday business purposes – information about your creditworthiness
  • affiliates from using your information to market to you
  • sharing for nonaffiliates to market to you
 

State law 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.

  • Our affiliates include financial companies such as Presidential Service Corporation, Realty Home Mortgage Co., LLC and Painter Bay Company, LLC.
 

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

  • Presidential 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 other financial companies offering credit related products.
Last Modifications: 4/30/2015 10:33:22 AM