Privacy

Privacy and CIP Policy

At Bogota Savings Bank, maintaining our customers’ trust and confidence is very important to us. We have made it a priority to keep the information our customers provide to us safe and confidential by adopting specific practices for the collection, use, retention and security of your information.

If you have any questions about the information contained in this Privacy Notice, please write to: Bogota Savings Bank, Compliance Department, 819 Teaneck Road, Teaneck, NJ, 07666.

Terms

Non-Public Personal Information: Information about you that we collect in connection with providing a financial product or service to you. This does not include information that is available from public sources.

Non-affiliated Third Party: A person we do not employ or a company that is not an affiliate of ours.

Privacy on the Internet

Your privacy is very important to us, which is why we are committed to providing security for our online customers as well as visitors. The information you supply to us performing an online transaction is processed through a secure site. Personal information such as name, address, etc. may be collected from online banking transactions or loan applications. We may use a cookie from time to time in order to provide better service or address security. A cookie is information that a web site puts on your computer hard drive so that it can remember something about you at a later date. Typically, a cookie records your preferences when using a particular web site. If you use the e-mail feature on our website to contact us, we ask that you do not send us confidential information. Unless otherwise indicated your e-mail transmission, unlike the on-line transaction, is not secure.

Safeguarding Your Information

Our policy for protecting the confidentiality and privacy of our customers’ non-public personal information is achieved through the establishment of administrative, technical and physical safeguards. Our employees are educated on the importance of maintaining and protecting the confidentiality of our customers’ information. Employees are authorized to access or use the information we collect only in the discharge of their assigned duties.

Information We Collect

All information collected by this website is used for specific business purposes, specifically, to protect and administer your personal accounts and transactions. It is our goal to protect the personal information obtained from your online activities. We limit the collection and use of information about our customers to data that is necessary to administer our business, provide superior customer support, and offer bank services that are of interest to our customers. The bank will collect and use information to help identify and mitigate potential risk or loss, as well as identify additional bank products or services that we believe our customers might want to know about. We collect information about you from a variety of sources, such as:

• Information we receive on customer applications or other forms (such as name, address, and social security number)

• Information we obtain from customer transactions

• Information we receive from consumer reporting agencies

• Any information our customers supply to us via e-mail

How We Disclose or Share Information

To protect customer privacy, we carefully control the way in which any information is shared. We share information concerning a customers’ account history and experiences within the bank. Bogota Savings Bank DOES NOT disclose non-public personal information about you to any outside organization other than for the support or promotion of the bank’s products and services or as required by law. These organizations may include, but are not limited to, non-affiliated third parties, other financial institutions, government agencies, consumer rating agencies and third party litigants. The type of information we share depends upon the services provided.

• For example, we may disclose your information in connection with, but not limited to the following circumstances:

• To effect, administer or enforce a transaction that you have requested or authorized (such as printing checks or ATM cards)

• In response to a subpoena or similar legal process or

• Under any circumstances permitted by law or regulation

If you decide to close your accounts or become an inactive customer, we will continue to adhere to the privacy position disclosed in this notice.

Privacy of Children

In accordance with the Children’s Online Privacy Protection Act, Bogota Savings Bank does not knowingly solicit names or personal information from children.

Phishing Awareness Notice

Bogota Savings Bank occasionally sends e-mails soliciting our customers. These e-mails will not request any personal information. If you receive an e-mail appearing to be from Bogota Savings Bank asking for personal information, please disregard the e-mail and contact us immediately at 201-645-4147.

Maintaining this Policy

This policy will be reviewed based on changing business conditions or changes in our information sharing practices. Bogota Savings Bank reserves the right to change this policy at any time with proper notification to our customers in accordance with applicable laws and regulations.

CIP Policy
Important Information and Procedures for Opening a New Account

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that Identifies each person who opens an account.

What this means for you

When you open an account, we will ask for your:

• Name

• Address

• Date of Birth

• Taxpayer ID Number

• Driver's License or other identifying documents

• Other information that will allow us to identify you

We appreciate your patience and cooperation.

Privacy Notice