Redstone Bank

Privacy Policy

At Redstone Bank, we respect your privacy and your right to control your personal information. We do not share any information we collect from you with any outside vendors or other third parties. However, we must collect some private information from you in order to open accounts, evaluate credit requests, and provide services to you.

This information will typically be gathered from forms and applications that you complete, from credit reports that we review with your consent, or from our account relationship with you. The information we may gather includes, but is not limited to: your address, your date of birth, your social security number, account balance history, your status as a customer or former customer, your transactions, and your credit history.

We do not share any nonpublic personal information about our customers or former customers with anyone, except as required by law. While your client manager may inform you of products that we offer through other providers, Redstone will never give your name or information to the provider of these services unless you give your approval prior to us doing so. Even then, we will only pass along your contact information to the parties related to the specific services that you consider to be of interest to you or your business.

In protecting your nonpublic personal information, we keep your information stored securely within our walls as well as within our computer systems. Additionally, we restrict access to those employees who need to know that information to provide products or services to you. Employees who handle nonpublic private information receive training in the proper handling of such information. We also require third party service providers to conform to our standards of information protection. We maintain physical, electronic, and procedural safeguards that comply with federal standards to protect you and your nonpublic personal information.

Security Privacy
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FDIC Equal Housing Lender

On October 3, 2008 FDIC deposit insurance temporarily increased from $100,000 to $250,000 per depositor. This temporary increase will remain in effect through December 31, 2013. On January 1, 2014, deposit coverage will revert to $100,000 per depositor except for IRA accounts, which will be covered at the $250,000 level.
Additionally, Redstone Bank is participating in the FDIC’s Transaction Account Guarantee Program (TAGP). Under this program, all noninterest bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account through December 31, 2010. This includes NOW and other transaction accounts earning .25% or less. Coverage under the TAGP is in addition to and separate from the coverage available under the FDIC’s general deposit insurance rules. This additional coverage does not apply to savings, Certificates of Deposit, IRAs or other non-transactional accounts.