Rev. 11/2010

FACTS

WHAT DOES FIRST SOUTH BANCORP 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 
• Income
• Account balances

• Payment history
• Credit history
• Assets

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 First South Bancorp chooses to share; and whether you can limit this sharing.

Reasons we can share your personal information

Does First South Bancorp 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

No

We don't share

For joint marketing with other financial companies

No

We don't 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

Yes

Yes

For our affiliates to market to you

Yes

Yes

For nonaffiliates to market to you

No

We don't share

To limit our sharing?

l Call Toll-free 1-877-451-0759 and leave your name, address, and telephone number.
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 864-573-4408

   
   

Who We Are

 

Who is providing this notice?

First South Bancorp means the following institutions: First South Bank and First South Financial Services.

What We Do

 

How does First South Bancorp 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 also maintain other physical, electronic and procedural safeguards to protect this information and we limit access to information to those employees for whom access is appropriate.

How does First South Bancorp collect my personal information?

We collect your personal information, for example, when you

• Open an account  
• Apply for a loan
• Use your credit or debit card

• Make deposits or withdrawals from
   your account
• Give us your income information 

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. 

What happens when I limit sharing for an account I hold jointly with someone else?

Your choices will apply to everyone on your account.

Definitions

Affiliates

Companies related by common ownership or control. They can be financial and non-financial companies. 
 l Our affiliates include:
        
l First South Bank and First South Financial Services.

Nonaffiliates

Companies not related by common ownership or control. They can be financial and non-financial companies. 
 
l First South Bancorp does not share with nonaffiliates so they can market to
      you.

Joint Marketing

A formal agreement between nonaffiliated financial companies that together market financial products or services to you. 
l First South Bancorp doesn't jointly market.

 

 

 

 

Privacy Model Disclosure
VMP® Bankers Systems™
Wolters Kluwer Financial Services © 2010
  PRIV-MODEL  8/1/2010
2010.3/2077    2600824-010   Custom