Friday, July 03, 2009 

Ameriana Bank, SB (the "Bank") has changed its policy relative to whom we may share your personal information.  Effective September 2006, the Bank will share your personal information with only those people or businesses permitted under Federal law.  Previously, customers would have to "opt out" to prevent information sharing.  Regardless of whether you did, or did not, previously choose to "opt out," you do not need to do anything else.  The Bank is "opting out" every customer.  We take your trust in us seriously, and we go to great lengths to keep your information secure.

Ameriana Bank collects personal information about you when you conduct business with us.  We obtain and store your personal information when you apply for a loan, open a deposit account or transact other business with us.  The personal information we collect depends on the product or service you have with us.  This information can include your social security number and income, account balances and payment histories, as well as credit history and credit scores.  If you close your account, we may continue to share your information internally or externally as allowed by law.  We share your personal information internally and sometimes externally (as allowed by law) to run our everyday business by processing your transactions, maintaining your accounts and reporting to credit bureaus.

The tables below summarize the Bank's new privacy policy.  These tables define some terms and list what Ameriana does with your personal information.  Please read this notice carefully to understand what we do with the personal information you provide us and that we maintain.

 

Word or Phrase	Defined As	Ameriana's Response
Personal information	Personal information includes customer names, addresses, social security numbers, account numbers, transaction histories, credit reports and credit scores, etc.	Ameriana gathers and securely stores this information as a result of its daily operations and interaction with its customers.
Everyday business purpose	These actions are necessary by banks to run their business and manage customer accounts.  This includes processing transactions, mailing and auditing services, providing information to credit bureaus, and responding to court orders and legal investigations.	Ameriana does all of these things.
Affiliates/subsidiaries	An affiliate is a business that controls, is controlled by, or is under common control with another company.  Control means that the party owns at least 25% of the voting shares.  A subsidiary is considered an affiliate in this context.  Ameriana Financial Services and the Ameriana Insurance Agency are affiliates.	Ameriana owns Ameriana Financial Services and the Ameriana Insurance Agency and may share information as permitted by law.
Non-affiliates	Companies not related by common ownership or control.  These may be financial or non-financial companies.	Ameriana does not make disclosures of consumer personal information to non-affiliated third parties unless permitted by Federal Law.
Joint marketing	A formal agreement between non-affiliated financial companies that together market financial products or services to you.	Ameriana Bank has not jointly marketed products or services.

 

Reasons for Sharing your Personal Information	Does Ameriana Bank share?	Can you limit this sharing under the law?
For our everyday business purposes - to process your transactions, maintain your accounts, and 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	Yes by "opting out," but we don't jointly market
With our affiliates for everyday business purposes - information about your transactions and experiences	Yes	No
With our affiliates for everyday business purposes - information about your creditworthiness	No	Yes by "opting out," but we don't share credit information among affiliates
For our affiliates to market to you	Yes	No
For non-affiliates to market to you	No	Yes, by "opting out," but we don't share

 

Information Sharing Practices
How often does Ameriana Bank notify me about their privacy practices?	We must notify you about our sharing practices when we change our policy, you open an account, you ask for a notice and annually while you are an active customer.
How does Ameriana 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.
How does Ameriana Bank collect my personal information?	We collect your personal information in a number of ways, for example, when you open an account or deposit money, pay your bills or apply for a loan, or use your credit or debit card.  We also collect information from others, such as credit bureaus, affiliates or other companies.
Why can't I limit all information sharing?	Federal law gives you the right to "opt out" of information sharing with non-affiliates for marketing purposes.  Ameriana does not share personal information with non-affiliates except as allowed by law.  You also have the right to limit information sharing among affiliates' every day business purposes for for marketing purposes when the affiliates are not identified.  Ameriana has identified its affiliates above.  You have the right to opt out of information sharing with affiliates relative to your creditworthiness.  Ameriana does not share credit reports with its affiliates and there is no need to "opt out."

Ameriana Bank's Do Not Call Policy.