Privacy Policy
What does Austin County State 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: Social security number and income, account balances and payment history, credit history and credit scores. 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 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 Austin County State Bank chooses to share; and whether you can limit this sharing.
| Reasons we can share your personal information | Does Austin County State Bank share? | Can you limit this sharing? |
| For your 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 | No |
| For our affiliates' everyday business purposes-Information about your transactions and experiences | No | No |
| For our affiliates' everyday business purposes-Information about your creditworthiness | No | No |
| For nonaffiliates to market to you | No | No |
- Questions? Call 979-865-4200 or go to www.acsbank.com
Who we are
Who is providing this notice? Austin County State Bank
What we do
How does Austin County State 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 also limit access to information to those employees for who access is appropriate.
How does Austin County State Bank collect my personal information? We collect your personal information, for example, when you open an account or deposit money, pay your bills or apply for a loan, use your debit card. 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.
Definitions
Affiliates: Companies related by common ownership or control. They can be financial and nonfinancial companies. Austin County Bancshares
Nonaffiliates: Companies not related by common ownership or control. They can be financial and nonfinancial companies. We do 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. We do not engage in joint marketing.
Privacy of Children
We respect the privacy of your children and do not knowingly collect or retain nonpublic personal information from clients under the age of thirteen unless that information is provided to us by an adult authorized to do so. The content of our website is not directed to children.
Unlawful Internet Gambling Enforcement Act (“UIGEA”) of 2006
The UIGEA, signed into law in 2006, prohibits any person engaged in the business of betting or wagering (as defined in the Act) from knowingly accepting payments in connection with the participation of another person in unlawful internet gambling.
Unlawful Internet gambling means to “place, receive or otherwise knowingly transmit a bet or wager by any means which involves the use, at least in part, of the internet where such bet or wager is unlawful under any applicable Federal or State law in the State or Tribal lands in which the bet or wager is initiated, received or otherwise made.”
As a customer of the Bank, these restricted transactions are prohibited from being processed through your account or banking relationship with us. The Bank does not offer commercial deposit account services for businesses engaged in internet gambling activities nor those that process transactions on behalf of internet gambling businesses. The Bank reserves the right to terminate account relationships with businesses engaged in betting and wagering at any time without prior notice.
TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS
All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.
The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts ("IOLTAs"). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts.
For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.