WHAT DOES KATAHDIN TRUST 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 and checking account information
Account balances and payment history
Credit history and 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 reason Katahdin Trust Company chooses to share; and whether you can limit this sharing.
Reasons we can share your personal information
Does Katahdin Trust 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
How does Katahdin Trust 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 maintain policies that require restrictions on access to nonpublic personal information about you to those employees who need to know that information to provide products or services to you.
How does Katahdin Trust Company collect my personal information?
We collect your personal information, for example, when you
open an account or deposit money
pay your bills or apply for a loan
use your debit card
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 nonaffiliates to market to you
State laws and individual companies may give you additional rights to limit sharing.
Definitions
Affiliates
Companies related by common ownership or control. They can be financial and nonfinancial companies.
Katahdin Trust Company has no affiliates
Nonaffiliates
Companies not related by common ownership or control. They can be financial and nonfinancial companies.
Nonaffiliates we share with can include mortgage banks and securitization conduits, securities broker/dealers, and insurance related entities
Joint marketing
A formal agreement between nonaffiliated financial companies that together market financial products or services to you.
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