Farmers State Bank of Medora

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Statement on the Privacy of Customer Information

The Bank respects the privacy expectations and rights of its customers regarding financial information and other related information which the Bank has or gathers in the normal course of business. The Bank collects, retains,

and uses information about individual customers only when we believe it would be useful (and allowed by law) in administering our business and to provide products, services, and other opportunities to customers. This information is obtained from application information, transaction information, and consumer report information. The Bank will use a customer's personally identifying information in our normal course of business. Personal information will not be sold or distributed to other parties for marketing purposes. The Bank does not share information about our customers with other parties except in order to conduct our business, comply with applicable law, and to protect against fraud. We may also provide information to regulatory authorities and law enforcement agencies in accordance with applicable law. The Bank is concerned about the accuracy of customer information and, therefore, we will not disclose nonpublic personal information about former customers after two years from the time they cease to be our customers. We must disclose certain nonpublic personal information about our customers to non-affiliated third parties who provide services on our behalf, such as the company that performs data servicing on our deposit and loan accounts. Although this disclosure is not subject to the opt out option, we ensure by annual review that the servicer maintains the confidentiality of the information to at least the same extent that we must maintain and will not use or further disclose the information for any other purpose. In the absence of a statutory or regulatory exception that authorizes disclosure by us, we must obtain authorization from you before disclosing nonpublic personal information or financial records to non-affiliated third parties. Furthermore, at any time after you grant us authorization to disclose, you may rescind authorization by notifying us of your election to rescind previously granted authorization or by exercising your right to opt out of future disclosures not authorized by a statutory or regulatory exception. You have separate opt out rights under the Fair Credit Reporting Act regarding the disclosure of information to bank-affiliated third parties. Farmers State Bank of Medora is committed to the security of your financial and personal information. All of our operational and data processing systems are in a secure environment that protects your account information from being accessed by third parties. We maintain and grant access to customer information only in accordance with our internal security standards. Additionally, each bank employee is required to follow our bank's code of conduct, which states that all customer information is considered private and privileged and is to be used by them solely for the purpose of providing you with our services. Our privacy disclosure is presented to new customers through the account opening procedures, as well as an annual mailer. Equal Housing Lender.