Privacy Policy

Oklahoma Bank & Trust Company
Privacy Disclosure

This privacy disclosure explains the type of nonpublic personal information (customer information, which means, personally identifiable information about a consumers current or former relationship with Oklahoma Bank & Trust Company) the bank collects about you; the circumstances when the bank discloses the information; to whom the information is disclosed; and the measures the bank uses to protect that information about you.

We collect nonpublic personal information about you from the following sources:

• Information we receive from you on applications to us for our products and services and on other forms that you provide us

• Information that we receive from processing your accounts with us and the transactions in those accounts, such as deposit accounts and loans, as well as information that we receive from providing services to you such as Trust Services and Investment Services.

• Information we receive from a consumer reporting agency (commonly known as a credit bureau)

• Information that we receive in response to requests we made to third parties about you or to confirm information that you have provided to us, particularly in the process of evaluating applications for loans.

We may disclose the following kinds of nonpublic personal information about you as a present customer or as a former customer:

• We may disclose information that we receive from you on an application such as your assets, liabilities, income, employment history,deposits or loans that you have with other financial institutions (for example, in order to verify the accuracy of the information you have provided us)

• We may disclose information that we receive from you on an application such as existing loan balances to be paid from our loan proceeds (for example, to persons who will be involved in the closing of the loan, such as attorneys and the title companies)

• We may disclose information that we receive from processing your accounts with us, such as balance information (for example, to the operator of the interchange that processes our ATM and debit card transactions)

• We may disclose information that we receive from processing your accounts with us (for example whether there are sufficient funds in the account to pay a check to a merchant to whom you are giving a check in payment of articles you have purchased)

• We may disclose information that we have about you, such as your name, address and account balances (for example, to an insurance company that we have a joint marketing arrangement with in order for them to determine what products they offer that would be of interest to you

• We may disclose information we receive from a consumer reporting agency/credit bureau, such as your creditworthiness and credit history

We may disclose nonpublic personal information about present customers or former customers to the following types of third parties

• We do not disclose nonpublic personal information about you to nonaffiliated third parties (parties that are not related to us by common ownership or affiliated by corporate control) except as permitted by law.

• We do not disclose nonpublic personal information about you to affiliates of Oklahoma Bank and Trust Company such as securities dealer, financial service center, insurance agency.

• Examples of areas where using your nonpublic personal information is permitted by Law:

• Servicing your account
• Carrying out a service or product you requested
• Reporting to Credit Bureau
• Protecting the bank against fraud
• Responding to law authorities requests
• Non-Financial companies such as retailers, check printers, and date processing companies, other parties with your consent, such as the case where you have given someone your power of attorney or other written authorizations to act on your behalf.

We may disclose the following information to companies that perform marketing services on our behalf or to other financial institutions with whom we have joint marketing agreement:

• Information we receive from you on applications, such as your name, address, and telephone number.

• Information we receive from you on applications, such as your assets and liabilities and your employment.

• Information about your accounts with us, such as your account balance and payment history.

• Information we receive from a consumer reporting agency/credit bureau, such as your creditworthiness and credit history.

• We may disclose information to the following types of third parties:

• Other financial institutions with whom we have joint marketing agreements, such as a securities firm or insurance agency.

Steps we take to protect your nonpublic personal information.

• It is the policy of Oklahoma Bank & Trust Company to assure that the information it has about its customers is accurate.  If you ever find that your information is incomplete, inaccurate, or not current, please write us at the address listed on your account statement, bank records, or other documentation.  We will promptly update or correct any erroneous information. 

• It is also the policy of Oklahoma Bank & Trust Company that information it has about its customers is highly confidential and should only be available to employees who have a need for the information to properly service a customer’s account, act upon a customer’s request or to fulfill that person’s job responsibility.  Oklahoma Bank & Trust Co., maintains physical, electronic, and procedural safeguards that comply with federal regulations to guard your nonpublic personal information.