PRIVACY POLICY

Denver Savings Bank is committed to protecting the individual privacy of our customers. In accordance with regulations, we are providing you with this Privacy Policy Notice.

THIS NOTICE CONTAINS IMPORTANT INFORMATION ABOUT THE PRIVACY OF PERSONAL INFORMATION THAT DENVER SAVINGS BANK COLLECTS ABOUT ITS CUSTOMERS AND HOW THAT INFORMATION IS USED. This notice is being provided for information purposes only. No action is required on your part.

When we say “you” we mean the following types of customers: All current and former customers who have at least one loan, deposit, or safe deposit box account with us.

What Information is Collected, Used, and Retained

Nonpublic personal information is information that is obtained in connection with providing a financial product or service to you. We collect, use, and retain nonpublic personal information about you from the following sources:

·          Information we receive from you on applications or other forms;

·          Information about your transaction with us or others; and

·          Information we receive from a consumer-reporting agency, such as a credit bureau.

We use this information to protect and administer your records, accounts, and funds; to comply with certain laws and regulations; to help us design or improve products and services; and to understand your financial needs so we can provide you with quality products and services.

We do not disclose any nonpublic personal information about our customers or former customers to anyone, except as permitted or required by law.

What Information is Disclosed

We are permitted by law to share information we collect, as described above, when:

1.        you request or authorize us to do so;

2.        when it is necessary to complete a transaction initiated by you;

3.        to comply with legal or regulatory requirements; and

4.        with third parties that assist us in servicing your loan or account with us.

If you decide to close your account(s) or become an inactive customer, we will follow the privacy policies and practices as described in this notice.

Safeguarding the Security of Customer Information

We maintain physical, electronic, and procedural information safeguards that comply with federal standards to guard nonpublic personal information. We continually evaluate and access new technology for protecting information.

Employee Access to Information

We restrict access to nonpublic personal information about you to those employees who need to know that information to provide products or services to you.

Maintenance of Accurate Information

We have established procedures to ensure your financial institution is accurate, current, and complete, in keeping with industry standards and federal law. Should you ever believe or question that our records contain inaccurate or incomplete information about you, please notify us.

Disclosure of Privacy Policy to Customers

We want you to understand our commitment to privacy in our collection and use of customer information. We adopted this privacy policy, which we provide to you at the time you establish your relationship with us and on an annual basis thereafter. If you have questions about this policy or concerns about the privacy of your information, please contact us at 319-984-5635.