Privacy Notice
What Does Pan American Bank & Trust 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:
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- Social security number
- Account balances
- Payment history
- Checking account information
- Overdraft history
When you are no longer our customer, we continue to share your information as described in this notice.
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 Pan American Bank & Trust chooses to share, and whether you can limit this sharing.
Reasons We Can Share Your Personal Information |
Does Pan American Bank & Trust 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 | No | We do not share |
| For our affiliates’ everyday business purposes – information about your transactions and experiences | No | We do not share |
| For our affiliates’ everyday business purposes - information about your creditworthiness | No | We do not share |
| For our affiliates to market to you | No | We do not share |
What We Do
How does Pan American Bank & Trust protect my 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. We restrict access to nonpublic personal information about you to those employees who need to know that information to provide products and services to you.
How does Pan American Bank & Trust collect my information?
We collect your personal information, for example, when you
-
- Open an account or deposit or withdraw from your account
- Apply for a loan or provide account information
- Give us your income information
We also collect your personal information from others such as credit bureaus, affiliates, 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 creditworthiness
- Affiliates from using your information to market to you
- Sharing for non-affiliates 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.)
Definitions
Affiliates
Companies related by common ownership or control. They can be financial and non-financial companies. Pan American Bank & Trust does not share with affiliates.
Non‑Affiliates
Companies not related by common ownership or control. They can be financial and non-financial companies. Pan American Bank & Trust does not share with non-affiliates.
Joint Marketing
A formal agreement between non-affiliated financial companies that together market financial products or services to you. Pan American Bank & Trust does not jointly market.
Other Important Information
In accordance with Illinois law, Pan American Bank & Trust will not share information we collect about Illinois residents with companies outside of Pan American Bank & Trust, except as permitted by law, such as legal processes or as required to service your account. We will limit sharing within our company to the extent required by applicable Illinois law.