What Does Verus Bank of Commerce Do With Your Personal Information?
Rev. Date 9/14
| 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:
When you are no longer our customer, we continue to share your information as described in this notice.
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| 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 Verus Bank of Commerce chooses to share; and whether you can limit this sharing. |
| Reasons We Can Share Your Personal Information | Does Verus Bank of Commerce 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 |
Yes | No |
| 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 Verus Bank of Commerce 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 your personal information to our employees who need the information to properly service your account(s), act upon your requests, or to provide you products or services.
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| How does Verus Bank of Commerce collect my information? |
We collect your personal information, for example, when you
We also collect your personal information from others, such as credit bureaus, affiliates, or other companies.
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| Why can’t I limit all sharing? |
Federal law gives you the right to limit only
State laws and individual companies may give you additional rights to limit sharing. See below for more on your rights under state law.
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| Definitions | |
|---|---|
| Affiliates |
Companies related by common ownership or control. They can be financial and nonfinancial companies.
- Our affiliates’ include companies with a common ownership by Verus Acquisition Group, Inc.
|
| Non‑Affiliates |
Companies not related by common ownership or control. They can be financial and nonfinancial companies.
- Verus Bank of Commerce does not share with non-affiliates so they can market you.
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| Joint Marketing |
A formal agreement between non-affiliated financial companies that together market financial products or services to you.
- Verus Bank of Commerce does not jointly market
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