Facts: What does BankNewport do with your personal information?
Why?
Financial companies choose how they share your personal information. Under federal law, that means personally identifiable 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 employment information
- Account balances, transaction history and credit information
- Assets and investment experience
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 BankNewport chooses to share; and whether you can limit this sharing.
| Reasons we can share your personal information | Does BankNewport 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— with service providers we use to offer our products and services to you |
Yes | No |
| For joint marketing with other financial companies | Yes | No |
|
For our affiliates' everyday business purposes— information about your transactions and experiences |
Yes | No |
|
For our affiliates' everyday business purposes— information about your creditworthiness |
Yes | Yes |
| For our affiliates to market to you | Yes | Yes |
| For our nonaffiliates to market to you | Yes | Yes |
To limit our sharing
Call our Direct Banking Center at (401) 845-2265 or 877-709-2265 to inform us of your choices. Please be aware this annual notice is required by law. If you have previously contacted us to limit your sharing, those choices continue to remain in effect - you only need to contact us if you would like to change your choices.
Please note: If you are a new customer we can begin sharing your information 30 days from the date we sent this notice. When you are no longer our customer, we continue to share your information as described in this notice. However, you can contact us at any time to limit our sharing
Questions?
Call our Direct Banking Center at (401) 845-2265 or 877-709-2265 to inform us of your choices. Please be aware this annual notice is required by law. If you have previously contacted us to limit your sharing, those choices continue to remain in effect - you only need to contact us if you would like to change your choices.
Who we are
Questions?
This notice is provided by BankNewport and its subsidiaries
What we do
How does BankNewport 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.
How does BankNewport collect my personal information?
We collect your personal information, for example, when you:
- open an account or perform transactions
- apply for a loan or use your debit card
- seek advice about your investments
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 some but not all sharing related to:
- affiliates' everyday business purposes—information about your creditworthiness
- affiliates from using your information to market to you
- 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.
Our affiliates include subsidiaries of OceanPoint Financial Partners, MHC.
Nonaffiliates
A formal agreement between nonaffiliated financial companies that together market financial products or services to you.
Our joint marketing partners may include credit card companies, insurance companies, service providers and other financial services companies.
Companies not related by common ownership or control. They can be financial and nonfinancial companies.
Nonaffiliates we share with can include direct marketing companies, insurance agencies, insurance brokers, service providers, check printers and government agencies.