Bank of Michigan

WHAT DOES BANK OF MICHIGAN DO WITH YOUR PERSONAL INFORMATION?

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. 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 Transaction history
  • Assets and Credit history

When you are no longer our customer, we continue to share your information as described in this notice.

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 Bank of Michigan chooses to share; and whether you can limit this sharing.

Does Bank of Michigan share?
Can you limit this sharing?
Reasons we can share your personal information

Yes
No
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 don't share
For joint marketing with other financial companies

No
We don't share
For our affiliates’ everyday business purposes – information about your transactions and experiences

No
We don't share
For our affiliates’ everyday business purposes – information about your creditworthiness

No
We don't share
For nonaffiliates to market to you


Questions? Call (248)865-1300 or go to www.bankofmi.com

What We Do

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 restrict access to your personal information to our employees who need the information to properly service your account(s), act upon your requests, or to provide you products or services. 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 credit or debit card
We also collect your personal information from others, such as credit bureaus, affiliates, or other companies. 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. See below for more on your rights under state law.
How does Bank of Michigan protect my personal information?








How does Bank of Michigan collect my personal information?








Why can’t I limit all sharing?


Definitions

Companies related by common ownership or control. They can be financial and nonfinancial companies.
  • Bank of Michigan has no affiliates.
Companies not related by common ownership or control. They can be financial and nonfinancial companies.
  • Bank of Michigan does not share with nonaffiliates so they can market to you.
A formal agreement between nonaffiliated financial companies that together market financial products or services to you.
  • Bank of Michigan doesn’t jointly market.




Affiliates





Nonaffiliates





Joint Marketing
Facts

Why?

What?

How?

Bank of Michigan President Michael G. Sarafa

Letter from the President

Welcome to the new Bank of Michigan website. We hope you find it fresh and easy to use. It is our goal to create positive customer experiences for every transaction from internet banking to a personal visit with us at the bank. Our experienced and dedicated team of bankers is ready to offer creative solutions to meet your banking needs.

At Bank of Michigan, we take great pride in our core values: integrity, loyalty, community, responsiveness and maximizing success. We take these principles very seriously. They drive our mission, purpose and values. Our Board of Directors and staff personally stand behind these commitments.

Thank you for visiting us and do not hesitate to contact me if I can assist you in any way.

Michael G. Sarafa, President