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Savings Account
FACTS WHAT DOES THE BANK OF MAGNOLIA COM 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

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 The Bank of Magnolia Co. chooses to share; and whether you can limit this sharing.
Reasons we can share your personal information Does the Bank of Magnolia 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 joint marketing with other financial companies No We don't share
For our marketing purposes-
To offer our products and services to you.
No We don't share
For our affiliates' everyday business purposes-
Information about your transaction and experiences
No We don't share
For our affiliates' everyday business purposes-
Information about your creditworthiness
No We don't share
For nonaffiliates to market you No We don't share
Who we are
Who is providing this notice? The Bank of Magnolia Company
What we do
How does The Bank of Magnolia
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 The Bank of Magnolia 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 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 only

  • Sharing for 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 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 nonfinacial companies.

  • The Bank of Magnolia has no affiliates.
Nonaffiliates

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

  • The Bank of Magnolia does not share with non affiliates so the can market to you.
Joint marketing

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

  • The Bank of Magnolia doesn't jointly market.
Other important information


Bank of Magnolia
122 N. Main St.
Magnolia, OH 44643

Phone: 330.866.9392
Fax: 330.866.2208

Bank of Magnolia - Magnolia, OH, 330-866-9392, Member FDIC, Equal Housing Lender
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