Policies & Disclosures

Privacy Policy

At Summit Bank, we work hard to earn your trust. One of the ways we accomplish this is through our privacy policy. Through the course of our business, we collect information about you, and our policy details what information we have, what we share, and with whom.

If you have any questions about how we protect your privacy, please give us a call. We are always happy to talk with you. Thank you for your continued business, and for your trust in Summit Bank.

Information We Collect about You
At Summit Bank, your financial privacy is a top priority. Below, we have described our Customer Information Privacy Policy, which explains how we collect, use, and safeguard your personal financial information.

We collect information about you in order to:
  • Accurately identify you
  • Protect and administer your records, accounts, and funds
  • Understand your financial needs, and provide you with the best products and services
  • Save you valuable time in applying for new products and services
  • Comply with certain laws and regulations
We collect information from the following sources
  • You: On forms or on any applications you complete for Deposit Accounts, Electronic Funds Transfers, Loans, or other bank services. This includes information such as your name, address, social security number, employment and financial status, and credit history.
  • Your Transactions: This includes payment histories, account balances, ATM and debit card transactions, loan advances, etc., by phone, through internet banking, or at our office.
  • Credit and Marketing Companies: This includes credit reports used to evaluate your application for services, and demographic household information about customers and potential customers from marketing information firms.
  • Others for Verification Purposes: Such as from your current or past employers or from other institutions where you conduct financial transactions.
Information We Share
In order to service your accounts or process your transactions, we need to share information with our third-party service providers, including:
  • Data processing companies
  • Check, ATM, and other payment processing companies
  • Payment networks
  • Loan service providers
  • Collection agencies
  • Credit reporting agencies and financial service providers
These third-party service providers act on our behalf and have agreed to protect your information in the same manner we would.

We may be required to share your information in response to requests issued by a court, government agency, or regulatory authority. We do not disclose any non-public personal information about our customers or former customers to anyone, except as permitted by law.

It is the policy of Summit Bank never to reveal specific information about you or your accounts to unaffiliated third parties for their independent use.

Summit Bank does not sell information to other companies.

How We Protect Your Information
It is our policy to limit access to your non-public personal information only to those employees who need to know that information. We maintain physical, electronic, and procedural safeguards that comply with federal standards to guard your non-public personal information. This applies to information provided in person, by phone, or over the internet.
Our employees are trained on an ongoing basis to ensure they are aware of our stringent Customer Information Privacy Policies, and management will take appropriate corrective action to ensure adherence to this policy.

We have procedures in place to protect the integrity of your information in the event of power outages and other business interruptions, and we employ technical means to protect against unauthorized computer entry into our systems.

It is our policy to maintain updated, complete, and accurate information about you. Any necessary corrections conveyed by you will be made as soon as possible. If your account information is inaccurate or not current, please contact us at 541-684-7500 or 877-566-5544, so we can update or correct our records.
If you believe someone has unlawfully accessed your account or is unlawfully using your personal information, please contact us at 541-684-7500 or 877-566-5544 immediately so we can take action to protect you. You can also report the crime to your local law enforcement agency or to the Federal Trade Commission (FTC) at 877-438-4338.

We may amend this policy at any time, and will notify you in advance as required by law. You can always view our current policy on our website: www.summitbankonline.com or contact us at 541-684-7500 or 877-566-5544.