PRIVACY STATEMENT
IMPORTANT INFORMATION
Personal Information Privacy Protection Policy
At WELLESLEY BANK, protecting the privacy and confidentiality of your personal information is important to our employees and to us. We value your business and the trust you put in us. To offer you the financial products and services you seek, we collect, maintain and use information about you on a routine basis. To help you better understand how your personal information is protected here at WELLESLEY BANK, we are providing you with the following statement describing our practices and policies with respect to the privacy of customer information. In the event you terminate your customer relationship with us, or become an inactive customer, we will continue to adhere to the policies and practices described in this notice.
Information we collect
As a trusted financial institution, we collect information volunteered by you during the application process, gathered from your transactions and experiences with us, and obtained from other authorized sources, such as credit bureaus. All non-public personal information collected and stored by Wellesley Bank is used for specific business purposes, such as administering your account, complying with state/federal banking regulations, protecting against fraud, and developing a better understanding of your financial needs to provide you with improved products and services.
Information we share
We do not disclose any nonpublic personal information about our customers or former customers to any nonaffiliated third party except as permitted by law.
How we protect your information
We understand that the protection of your nonpublic personal information is of the utmost importance. Guarding your privacy is our obligation. WELLESLEY BANK maintains strict procedures and policies to safeguard your privacy. We restrict employee access to customer non-public personal information to only those who have a business reason to know such information, and we educate our employees about the importance of confidentiality and customer privacy. We maintain physical, electronic, and procedural safeguards that comply with federal standards to guard your non-public personal information.