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Sturgis Bank

FACTS

WHAT DOES STURGIS BANK & OAK MORTGAGE, LLC 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

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 Sturgis Bank & Oak Mortgage, LLC chooses to share; and whether you can limit this sharing.

Reasons we can share your personal information

Does Sturgis Bank & Oak Mortgage, LLC 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

No

We don't share

For our affiliates' everyday business purposes
information about your creditworthiness

No

We don't share

For our affiliates to market to you

Yes

Yes

For nonaffiliates to market to you

No

We don't share

To limit our sharing

Please note: If you are a new customer, we can begin sharing your information 30 days from the date we sent this notice. When you are no longer our customer, we continue to share your information as described in this notice.

However, you can contact us at any time to limit our sharing.

Questions?

Call 269-651-9345 or go to www.sturgis.bank

What We do

How does Sturgis Bank & Oak Mortgage, LLC 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 Sturgis Bank & Oak Mortgage, LLC 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, 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 credit worthiness
  • 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.

What happens when I limit sharing for an account I hold jointly with someone else?

Your choices will apply to everyone on your account.

Definitions

Affiliates

Companies related by common ownership or control. They can be financial and nonfinancial companies.

Our affiliates include financial companies: Sturgis Bancorp, Inc; Oakleaf Financial Services, Inc; First Michiana Development Corporation of Sturgis; A.W. Ayres Agency Inc; Ayres-Oak Insurance Services; Oak Insurance Services LLC; and Oak Title Services LLC

Nonaffiliates

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

Sturgis Bank & Oak Mortgage, LLC do 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.

Joint marketing partners of Sturgis Bank & Oak Mortgage, LLC include other financial service companies, e.g. financial advisors, insurance agencies and credit card companies.

Our top priority is to provide you, our customer, with outstanding products and services.  To achieve this goal, we must collect, maintain and use certain personal and financial information.  We recognize and respect your privacy concerns and expectations about this information.  We want you to know about our privacy policies and practices.

Collection and Use of Customer Information

We collect, retain and utilize information about you to operate our business and to make products, services and other opportunities available to you.  We obtain information in a variety of ways (for example, directly from you in applications, from your transactions or experiences with us, or our affiliates, and from credit bureaus and other third parties).  Also, when you visit our web site, we collect information to measure the use of our site and to improve the content of our site.

Maintenance of Accurate Information

We have established procedures to correct inaccurate information in a timely manner.  If you have any reason to believe that your personal information is incorrect, we should be contacted in writing.  We will investigate the situation and, when appropriate, update our records accordingly.

Protection of Information

We maintain appropriate procedures to protect the security of your information.  Employees receive training and understand the importance of confidentiality and customer privacy.

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