tHIS IS WHERE THE PRIVACY POLICY

Important Information About Your Privacy

Your Privacy is Important to Us

You provide important information about yourself to a variety of businesses and organizations. The same is true when you do business with our financial institution. You're asked to provide us with certain personal information that helps us give you better service and complete our transactions more effectively.

We work diligently to safeguard the information you give to us. In fact, we developed the following policies to ensure your confidentiality and maintain your confidence in our institution. These policies detail the strict standards we have in place. For this reason, we ask you to please read the following information carefully.

Notice of Your Financial Privacy Rights

We, our, and us, when used in this notice mean Wayland State Bank. This is our privacy notice for our customers. When we use the words "you" and "your" we mean the following types of customers:

All of our consumer customers who have a continuing relationship with us, such as:

Deposit account

Loan account

Safe deposit box

Self-directed Individual Retirement Account where we act as custodian or trustee

We will tell you the sources for nonpublic personal information we collect on our customers. We will tell you what measures we take to secure that information. We first define some terms.

Nonpublic personal information means information about you that we collect in connection with providing a financial product or service to you. Nonpublic personal information does not include information that is available from public sources, such as telephone directories or government records.

An affiliate is a company we own or control, a company that owns or controls us, or a company that is owned or controlled by the same company that owns or controls us. Ownership does not mean complete ownership but means owning enough to have control.

A nonaffiliated third party is a company that is not an affiliate of ours.

The Information That We Collect

We collect nonpublic personal information about you from the following sources:

Information we receive from you on applications or other forms
Information about your transactions with us
Information about your transactions with our affiliates
Information about your transactions with nonaffiliated third parties.
Information from a consumer reporting agency

The Confidentiality, Security, and Integrity of your Nonpublic Personal Information

We restrict access to nonpublic personal information about you to those employees who need to know that information to provide products or services to you. We maintain physical, electronic, and procedural safeguards that comply with federal standards to guard your nonpublic personal information.

Nonpublic Personal Information and Affiliates

We may disclose nonpublic personal information about you. Here are the kinds of nonpublic personal information we may disclose to our affiliates: Transaction and experience information from our account records:

Information about your transactions and experience with us, such as:

Name

Address

Types of accounts

Parties to the transaction

Federal Law allows us to disclose the information listed above with our affiliates. You do not have a right to opt out of the disclosure of this information.

Types of Affiliates

We may disclose nonpublic personal information about you to the following types of affiliates: Financial service providers, such as Wayland Insurance Agency

Reasons for Disclosure

Here is why we may disclose nonpublic personal information about you to our affiliates:

To provide our customers with information about additional products and services

Nonpublic Personal Information and Nonaffiliated Third Parties

We will not disclose nonpublic personal information about you to anyone except as disclosed in this policy or as permitted by law.

Nonpublic Personal Information and Former Customers

We do not disclose nonpublic personal information about former customers, except as permitted by law.