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Introduction
At First Midwest Bank, ("Bank"), our mission is to help clients achieve the goal of financial independence by offering the financial resources which will create value over a lifetime. In keeping with this mission, it is also important to us to protect your accounts and your privacy. That is why as part of our standard business practices, we maintain procedures designed to protect confidential information about you. Below, we have outlined the Bank's Consumer Privacy Policy. Such Privacy Policy also applies to, and is part of the standard business practices of, its subsidiaries, as well as First Midwest Bancorp ("Holding Company") and its subsidiaries.
We Recognize Your Right To Privacy
The Bank recognizes our clients' and former clients' ("clients") right to privacy. We will maintain standards to ensure that client information is private and secure at all times.
Privacy Summary
We do not sell client information.
We share client information with our
subsidaries and with our Holding Company and its subsidaries
contained within our common database, as permitted by law.
We do not provide account or other personal
information to non-affiliated third parties for the purpose of
independent telemarketing or direct mail marketing of any
non-financial products or services.
We do not share any information that
requires an "opt-out" from our clients.
How Our Collection And Use Of Information Will Benefit You
The main reason that the Bank collects information about you, is to protect you. The Bank needs to be able to identify you and your products and services in order to prevent access to your personal financial information by unauthorized persons.
We will limit the use and collection of information about you to what is necessary to administer our business, provide superior service, and offer opportunities that we think will be of interest to you. We collect and retain information about you only for specific business purposes.
We will use information that we collect about you in order to:
Protect and administer your records,
accounts, and funds;
Comply with certain laws and regulations;
Help us design or improve our products or
services; and
Identify and minimize potential risks to the
Bank and our clients.
Categories of Information that We Collect
We collect nonpublic personal information about you from the following sources:
Information that we receive from you on
applications or other forms.
Information about your transactions with us.
Information that we receive from a credit
reporting agency such as a consumer credit report.
Information about your transaction with our
subsidiaries.
We Maintain Accurate Information
The Bank recognizes the importance of maintaining accurate information. For that reason, we have established internal procedures to ensure that your financial information is accurate, current, and complete in keeping with reasonable business standards.
Should you believe that our records contain inaccurate or incomplete information about you, please notify us by calling 1-800-322-3623. We will investigate your concerns and correct any inaccuracies.
We Limit Employee Access To Information
The Bank limits employee access to information about our clients and former clients, to those with a business reason to know such information. Employees are informed of the importance of maintaining the confidentiality of our clients' information and on the content of this Consumer Privacy Policy.
How We Protect Your Information via Established Security Procedures
The Bank is committed to the security of your financial and personal information. All of our informational and data processing systems are in a secure environment that protects your account information. We maintain and grant access to our clients' information only in accordance with our internal security standards.
Restrictions on the Information that We Share
We do not provide account or other personal information to parties that are not our subsidiaries, or the subsidiaries of our Holding Company for the purpose of independent telemarketing or direct mail marketing of any nonfinancial products or services of those companies.
The Bank does not reveal specific information about your accounts or other personally identifiable data to unaffiliated third parties for their independent use unless:
1) You request or authorize it;
2) The information is provided to help complete a transaction initiated by you;
3) The information is provided to a reputable credit bureau or similar information reporting agency;
4) The disclosure otherwise is lawfully permitted or required.
Sharing of Information with Non-affiliated Third Parties
We do not share any information with non-affiliated third parties that requires an "opt-out" from our clients. While we are committed to protecting confidential information about you and your products and services with us, it may be necessary to provide certain information to non-affiliated third parties as follows:
Parties named in a lawsuit or administrative
action when we are served with a subpoena or court order.
Federal or state regulatory authorities, including, without limitation, banking examiners or the Internal Revenue Service, as authorized by federal or state law.
Reputable consumer reporting agencies as
lawfully permitted or required.
Nonaffiliated parties that we have
contracted with in order to make available certain products or
services, such as mortgage or insurance companies.
Outside agents or service providers for the
purpose of: providing operational, marketing or advertising support;
preparing your account statements or loan payment booklets; entering
or calculating transactions and balances, or for providing other
materials or services upon our behalf.
The purchaser of any business assets or a
business line, such as mortgage servicing rights. In such a case the
related customer information will be transferred.
Sharing Information With Our Subsidiaries, Holding Company and its Subsidiaries
In order to provide our customers with superior service, and to be able to fulfill our Company's mission statement the Bank and its subsidiaries, its Holding Company and its affiliates share client information that is contained within our common database, as permitted by law. The Fair Credit Reporting Act permits us to share with each other the following types of information with each other:
Identification information about you;
Information about your transactions or with
the Bank or our subsidiaries;
Information about your transactions with our
Holding Company or its subsidiaries.
However, the Bank and its subsidiaries, as well as the Holding Company and it's subsidiaries do not share the following information among themselves: information that bears upon your creditworthiness, personal characteristics, mode of living or the like (other than information relating to your transactions or experience as described above) which we refer to as personal/credit information. Since we do not share this type of information with each other, no "opt-out" is needed from our clients.
Revised 9/1/06
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