| What does Needham Bank 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:
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 customer’s personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customer’s personal information; the reasons Needham Bank chooses to share; and whether you can limit this sharing. |
| Reasons we share your personal information | Does Needham Bank share? | Can you limit 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 | Yes | No |
| For our affiliates’ everyday business purposes – information about your transactions and experiences | No | No |
| For our affiliates’ everyday business purposes – information on your creditworthiness | No | No |
| For nonaffiliates to market to you | No | No |
| Who we are and what we do | |
|---|---|
| Questions? | Call 781-444-2100 or go to NeedhamBank.com |
| Who is providing this notice? | Needham Bank |
| How does Needham Bank 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 are committed to the security of your information. We will only collect the minimum necessary to administer our business and to provide valuable products, services, and other opportunities to you. We maintain physical, electronic, and procedural safeguards that comply with federal and state regulatory standards to safeguard your information. |
| How does Needham Bank collect my personal information? | We collect your personal information, for example, when you
|
| Why can't I limit sharing? | Federal law gives you the right to limit only
|
| Term | Definition |
|---|---|
| Affiliates | Companies related by common ownership control. They can be financial and nonfinancial companies.
|
| Nonaffiliates | We may share your information with nonaffiliates including government entities in response to subpoenas and other legal processes, credit bureaus, mortgage companies, credit card companies, companies providing servicing, processing, accounting, or other similar functions, marketing companies, and other financial institutions. |
| Joint marketing | A formal agreement between nonaffiliated financial companies that together market financial products or services to you.
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March 2023
