FACTS

WHAT DOES MAGNOLIA STATE BANK DO WITH YOUR PERSONAL INFORMATION?

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.

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 account balances
Payment history and credit history
Overdraft history and wire transfer instructions

When you are no longer our customer, we continue to share your information as described in this notice.

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 MAGNOLIA STATE BANK chooses to share; and whether you can limit this sharing.

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.
We also maintain other physical, electronic and procedural safeguards to protect this information and we limit access to information to those employees for whom access is appropriate.

How does MAGNOLIA STATE BANK collect my personal information?

We collect your personal information, for example, when you

Open an account or apply for a loan
Make deposits or withdrawals from your account or provide account information
Make a wire transfer

We also collect your personal information from others, such as credit bureaus, affiliates, or other companies.

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. See below for more on your rights under state law.

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

• MAGNOLIA STATE BANK has no affiliates.

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

• MAGNOLIA STATE BANK does not share with nonaffiliates so they can market to you.

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

• Our joint marketing partner(s) include companies that provide enhancements to our deposit products.