Kerndt Brothers Savings Bank recognizes and respects our responsibility to protect our customers' private information. The success of a financial institution, like ours, depends heavily on the level of trust and confidence it enjoys with its depositors and shareholders. In continuing our commitment to provide quality service to our customers, Kerndt Brothers Savings Bank has adopted the following privacy policy for all Kerndt Brothers Savings Bank employees for collection, use, retention, and security of individual customer information.

At Kerndt Brothers Savings Bank, we believe the confidentiality and protection of customer information is one of our fundamental responsibilities. While information is critical to providing quality service, we recognize that one of our most important assets is our customers' trust. Thus, the safekeeping of customer information is a priority for Kerndt Brothers Savings Bank. This privacy policy applies to individuals and Kerndt Brothers Savings Bank reserves the right to amend it at any time.

We, our, and us, when used in this policy mean Kerndt Brothers Savings Bank.

When we use the words "you" and "yours" we mean the following types of customers:

• Our consumer customers who have a continuing relationship by purchasing or holding financial products or services such as a(n):
• Deposit account
• Loan account
• Safe deposit box

We will tell you the sources of the information we collect about you. We will tell you what measures we take to secure that information.

Definition of 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. Hereafter, we will use the term “information” to mean nonpublic personal information as defined in this section.

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 person we do not employ or a company that is not an affiliate of ours. This is also known as nonaffiliated third party, or simply, an “other party”.

THE INFORMATION THAT WE COLLECT

We collect information about you from the following sources:

• Information you give us on applications or other forms
• Information about your transactions with us
• Information about your transactions with other parties
• Information from a consumer reporting agency
• Information we receive as a result of verifying customer information

THE CONFIDENTIALITY, SECURITY, AND INTEGRITY OF YOUR NONPUBLIC PERSONAL INFORMATION

We restrict access to 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 to protect this information.

YOUR INFORMATION AND OTHER PARTIES

We will not disclose information about you to anyone except as disclosed in this policy or as permitted by law. Examples of this might include disclosures necessary to service your account or prevent unauthorized transactions.

FORMER CUSTOMERS

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

Our Internet Web Site - Visitors to the Kerndt Brothers Savings Bank web site remain anonymous. We do not collect personal identifying information about site users, unless you choose to provide such information to us. Visitors may elect to provide us with personal information via e-mail. This information is used internally, as appropriate, to handle the sender's request and manage the Kerndt Brothers Savings Bank web site. It is not disseminated or sold to other organizations. Visitors should; however, keep in mind e-mail is not necessarily secure against interception. Visitors should call us directly at (563) 538-4231 if requests or statements include sensitive or private information, such as your account numbers, credit card numbers or social security number. Kerndt Brothers Savings Bank will NEVER ask you for your Personal Identification Number (PIN) for your Kerndt Brothers Savings Bank ATM card or other bankcard . If you are asked for this information, please call (563) 538-4231 and report it to a customer service representative immediately .

Protecting Children. Kerndt Brothers Savings Bank does not knowingly solicit data from children, and we do not knowingly conduct on-line marketing to children. We recognize that protecting children's identities and privacy on-line is important and that the responsibility to do so rests with both the on-line industry and with parents.

If you believe Kerndt Brothers Savings Bank has misused information obtained through its web site, or if you have questions or concerns regarding this privacy policy, please contact James M. Kerndt, President, Kerndt Brothers Savings Bank (563) 538-4231 to resolve any disputes.

 PRIVACY NOTICE

Effective January 2, 2001, Kerndt Brothers Savings Bank will provide consumer customers with an initial privacy notice that explains our privacy policies and practices. Thereafter, the privacy notice will be provided when the consumer customer signs a lending note document or opens a deposit account and signs an account agreement. Annual redisclosure of the Privacy Notice will be provided to all existing customers.

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