At
Greater Atlantic Bank we understand the importance of
protecting your financial privacy. This notice summarizes
the privacy practices that we employ in safeguarding confidential
financial information about you, our “customers”
with whom we have an ongoing relationship (such as deposit
or loan account holders) and “consumers” with
whom we have had limited or discrete transactions (such
as users of our ATM’s or purchasers of traveler’s
checks).
Please keep this notice for
your records.
Types of Confidential Financial Information we Collect
We collect information about you in the normal course of our business from:
applications and other forms that you submit to us (such as your name, address, social security number, assets and income);
information about your transactions with us (such as account balance, payment history, and parties to transactions); and
information that we receive about you from consumer reporting agencies (such as your credit worthiness and credit history).
Sharing
of Confidential Financial Information with Third Parties
To protect your confidential financial information,
we have established a policy of not sharing it with
our affiliates in the Greater Atlantic Bank corporate
family.
We may, however, disclose all of the information we
collect, as described above, to companies that perform
marketing services on our behalf or to other financial
institutions with whom we have joint marketing agreements.
We do not disclose your confidential financial information
to any other third parties, except as permitted by law,
including, for example: (i) as necessary to effect,
administer, or enforce a transaction that a customer
requests or authorizes; (ii) in connection with servicing
or processing a financial product or service that a
customer requests or authorizes, or maintaining or servicing
the customer’s account; (iii) with the consent
or at the direction of the customer; or (iv) to the
extent specifically required under law, including to
law enforcement agencies, state and federal regulatory
agencies, consumer reporting agencies in accordance
with the Fair Credit Reporting Act, or to comply with
a properly authorized judicial or regulatory agency
subpoena or summons.
We do not reserve the right to share confidential financial
information about you in the future with any third parties,
except as set forth in this notice.
Security
Practices
We maintain all confidential financial information in
a secure area that is not accessible to persons without
proper authorization. We maintain physical, electronic,
and procedural safeguards that comply with federal standards
to protect your confidential financial information. We
permit only those employees who have a need to know confidential
financial information about you to transact business on
your behalf to have access to it. We require our employees
and agents that have access to confidential financial
information to abide by our privacy rules. We require
any third-party service provider, company that performs
marketing services on our behalf, or other financial institution
with whom we have a joint marketing agreement, to whom
we disclose confidential financial information about you,
to contractually agree to follow our privacy policy in
carrying out their functions. We also use reasonable care
to ensure that the confidential financial information
that we maintain about you is current and accurate.
Please call us with any questions concerning our privacy
policy or concerns that you may have about the accuracy
of the information that we have about you.
USA
PATRIOT ACT
CUSTOMER IDENTIFICATION PROGRAM
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.
Greater
Atlantic Bank
10700 Parkridge Boulevard, Suite P50
Reston, Virginia 20191
(800) 296-5581
