FACTS
WHAT DOES THE SOUTHERN BANK COMPANY 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
- Income
- Account balances
- Payment history
- Credit history
- Credit scores
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 their 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 The Southern Bank Company chooses to share; and whether you can limit this sharing.
| Reasons we can share your personal information | Does The Southern Bank Company 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 DON’T SHARE |
| 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 nonaffiliates to market to you | NO | WE DON’T SHARE |
Questions?
Call 256-543-3860 or go to www.sobanco.com
| What We Do | ||
|---|---|---|
| How does THE SOUTHERN BANK COMPANY 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. We train our employees to understand the importance of customer confidentiality and privacy. | |
| How does THE SOUTHERN BANK COMPANY collect my personal information? | We collect your personal information, for example, when you
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| Why can’t I limit all sharing? | Federal law gives you the right to limit only
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Definitions
Affiliates
Companies related by common ownership or control. They can be financial and nonfinancial companies.
- The Southern Bank Company has no affiliates.
Nonaffiliates
Companies not related by common ownership or control. They can be financial and nonfinancial companies.
- The Southern Bank Company does 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.
- The Southern Bank Company doesn’t jointly market.
