Privacy Policy
Important Information About Procedures for Opening a New Account
To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.
What this means for you: When you open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
I. Disclosure of Customer Information
West Texas State Bank will not share and/or sell individual customer information to any unaffiliated third party for marketing purposes.
Customer information will only be disclosed to authorized account holders, and only after identification of that account holder has been verified. Verifying information may include social security number, date of birth, place of birth, mother's maiden name, signature, and/or other identifying information. If the information request is made over the telephone and we are uncertain about the identity of the person requesting the information, we may ask that the request be made in writing or in person.
West Texas State Bank employees will not share personal or financial customer information with unaffiliated third parties except when legally required (in order to comply with federal or state laws/regulation, and government or court orders) or when legally permitted to serve the customer's interest (such as disclosure to reputable credit reporting agencies). Information will only be disclosed to third parties under the following conditions:
- Where it is necessary to complete a transaction initiated by the customer.
- In order to report the existence and condition of an account to companies such as reputable credit bureaus or merchants.
- In order to comply with government or court orders.
- If we have the written permission of the account holder.
West Texas State Bank will provide certain customer information to unaffiliated third party companies that we hire to provide us operational support. These unaffiliated third party companies provide services that allow us to complete transactions, such as real estate loans. Examples of these services include, but are not limited to, appraisals, title searches, flood certifications, and credit reports. West Texas State Bank will not knowingly do business with any unaffiliated third party provider or company that uses or sells this information for marketing purposes.
II. Collection, Retention, and Use of Information
West Texas State Bank may collect, retain and use personal information about customers (for example, we will obtain a credit report for an auto loan), but only as we believe is reasonably useful in administering our business and to provide products, services and other opportunities to customers.
III. Maintenance of Accurate Information
We will correct known inaccurate information in a timely manner.
IV. Employee Access to Information and Enforcement
All West Texas State Bank employees are educated on the importance of confidentiality and customer privacy. They are thoroughly trained to learn and follow our Privacy Policy. Employees with access to customer information are required to adhere to the Privacy policy.
Any employee that violates the privacy policy will be subject to disciplinary measures (warnings, suspensions, reprimands) and possible termination of employment.
V. Internet Information
West Texas State Bank recognizes the trust you have placed in us and our responsibility regarding your financial privacy. It is our responsibility to keep your sensitive financial and personal information confidential. We have always had a formal policy to help protect your privacy.
With the surge in internet use. It has become even more crucial that we take steps to assure that your private information remains private. West Texas State Bank's Privacy principles include:
- Web Site Security
- Web Site privacy
- Giving you control of your personal information
Web Site Security
West Texas State Bank has implemented technology to help assure that any sensitive information you provide us or any account information you receive on-line is done in a safe and secure manner. Special secure-connection hardware and software are in place to help assure the security of online communication of your information.
Additionally, we have implemented procedures to help assure that only authorized West Texas State Bank employees may view the information you share with us. This is accomplished by limiting access to that information (via access capability and password control) to only those employees having a legitimate business purpose for viewing or responding to you information or inquiries.
This is the same procedure we follow for our customers that utilize other banking methods, such as telephone banking or branch banking.
Web Site Privacy
Our Web Site includes sections that are public (not password protected) and areas that are password protected (for example, individual customer banking areas).
When any person visits the public areas of our Web Site, we may collect certain basic information, such as how many people visited our site and what pages were visited.
Unlike the personal information that you provide and view with respect to your personal banking relationship (which is subject to the security procedures described above), all of the information we may gather in the public areas of our Web Site is general. We use this general information to determine which parts of our Web Site are most popular, how people access our site, how we can improve the content of our Web pages and how we can improve service to our customers.
Also included in West Texas State Bank's Web Site is the capability for you to correspond with us. This correspondence, via e-mail, may be for the purpose of asking general question, requesting literature, or responding to bank promotions. These activities may include sharing some personal information about you with West Texas State Bank. We collect the e-mail addresses of those who correspond with us via e-mail and any information you provide us, for example site registration or survey information.
WHETHER OR NOT YOU ARE A CUSTOMER OF WEST TEXAS STATE BANK, WE WILL COLLECT PERSONAL INFORMATION FROM YOU, IF, AND ONLY IF, YOU VOLUNTARILY PROVIDE THAT INFORMATION TO US. IT IS OUR POLICY THAT WE NOT SELL OR RENT CUSTOMER INFORMATION TO ANY UNAFFILIATED THIRD PARTY FOR MARKETING PURPOSES.
Your Control of Your Personal Information
We do not share information with any third parties (other than as required by law, regulation or contractual obligation), so you should not receive information from another company as a result of providing information to West Texas State Bank. If you provide us with your postal address you may receive periodic mailing from us with information on products, services or upcoming events. We encourage you to request any marketing information that interest your from West Texas State Bank, such as loan rate promotions or deposit account specials.
In circumstances where you provide personal information (for example, e-mail address, name, or postal address), and you do not wish e-mail or product information from us in the future, please let us know by indicating your preference on our site, sending us an e-mail or writing us at our address at the bottom of this page.
WEST TEXAS STATE BANK
PO BOX 1396
SNYDER, TEXAS 79550-1396
325-573-5441
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