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Lake Bank
 

Privacy Policy

Rev. Date 01/2011

FACTS What Does The Lake 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 Checking account information
  • Credit history and Account balances
  • Transaction history and Account transactions
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 The Lake Bank chooses to share, and whether you can limit this sharing.
Reasons We Can Share Your Personal Information Does The Lake Bank 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 Do Not Share
For joint marketing with other financial companies No We Do Not Share
For our affiliates’ everyday business purposes
information about your transactions and experiences
No We Do Not Share
For our affiliates’ everyday business purposes
information about your creditworthiness
No We Do Not Share
For our affiliates to market to you No We Do Not Share
For nonaffiliates to market to you No We Do Not Share
Questions? Call 218.834.2111 or go to www.thelakebank.com
What We Do
How does The Lake Bank protect my 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 The Lake Bank collect my information? We collect your personal information, for example, when you
  • Apply for a loan or open an account
  • Give us your contact information or show your driver's license
  • Provide employment information
We also collect your personal information from others such as credit bureaus, affiliates, or other companies.
Definitions
Affiliates
Companies related by common ownership or control. They can be financial and non-financial companies.
  • The Lake Bank does not share with our affiliates.
Non‑Affiliates
Companies not related by common ownership or control. They can be financial and non-financial companies.
  • The Lake Bank does not share with non-affiliates so they can market to you.
Joint Marketing
A formal agreement between non-affiliated financial companies that together market financial products or services to you.
  • The Lake Bank does not jointly market.