MinnStar Bank N.A., your locally owned financial institution, is committed to protecting your privacy. We value the trust you have placed in us and will take every possible measure to ensure that your personal information remains personal. We value your business and hope you will remain with us for many years to come.
CATEGORIES OF INFORMATION THAT WE MAY COLLECT
We collect nonpublic personal information about you from the following sources:
• Information we receive from you on applications or other forms; and
• Information about your transactions with us, our affiliates, or others:
• Information we receive from a consumer reporting agency
"Nonpublic Personal Information" is nonpublic information about you that we may obtain in connection with providing a financial product or service to you. This could include information such as account balances, payment history, or overdraft history.
CATEGORIES OF INFORMATION THAT WE DISLCOSE
We do not disclose any nonpublic personal information about our customers or former customers to anyone, except as permitted by law.
DISCLOSURE AS PERMITTED BY LAW
We may disclose the following information to companies that perform marketing services on our behalf or to other financial institutions with which we have a joint marketing agreement:
• Information that we receive from you on an application or other forms, such as: your name, address, social security number, assets and income;
• Information about your transactions with us, our affiliates or others, such as: your account balance, payment history, parties to transactions and credit card usage; and
• Information we receive from a consumer-reporting agency, such as: your creditworthiness and credit history.
CONFIDENTIALITY AND SECURITY
We restrict access to nonpublic personal 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 that comply with federal standards to guard your nonpublic personal information.
If you have any questions regarding this policy, please contact a MinnStar Bank employee at the phone numbers listed below.
Good Thunder (507) 278-3630 - Lake Crystal (507) 726-2137 - Mankato (507) 625-6816
Fraudulent E-Mails Claiming to Be From the FDIC
E-mails fraudulently claiming to be from the FDIC are attempting to trick recipients into installing unknown software on personal computers. These e-mails falsely indicate that recipients should download and open a "personal FDIC insurance file" to check their deposit insurance coverage. The "insurance file" may actually be a form of spyware or malicious code and may collect personal or confidential information.
The Federal Deposit Insurance Corporation (FDIC) has become aware of e-mails appearing to be sent from the FDIC that are asking recipients to download and open a "personal FDIC insurance file" to check their deposit insurance coverage. These e-mails are fraudulent and were not sent by the FDIC. The FDIC is attempting to identify the source of the e-mails and disrupt the transmission.
Currently, the subject line of the fraudulent e-mails includes the wording "check your Bank Deposit Insurance Coverage." The e-mails state: "You have received this message because you are a holder of a FDIC-insured bank account. Recently FDIC has officially named the bank you have opened your account with as a failed bank, thus, taking control of its assets."
The e-mails ask recipients to "visit the official FDIC website" by clicking on a hyperlink provided, which appears to be related to the FDIC and directs recipients to a fraudulent Web site. The Web site includes hyperlinks that appear to open forms. However, it is believed that clicking on the hyperlinks will cause an unknown executable file to be downloaded. While the FDIC is working with the United States Computer Emergency Readiness Team (US-CERT) to determine the exact effects of the executable file, recipients should consider the intent of the software as a malicious attempt to collect personal or confidential information, some of which may be used to gain unauthorized access to online banking services or to conduct identity theft. Financial institutions and consumers should NOT access the Web site or download the executable files provided on the Web site.
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On October 3, 2008, President George W. Bush signed the Emergency Economic Stabilization Act of 2008, which temporarily raises the basic limit on federal deposit insurance coverage from $100,000 to $250,000 per depositor. The temporary increase in deposit insurance coverage became effective immediately upon the President’s signature. The legislation provides that the basic deposit insurance limit will return to $100,000 on January 1, 2014.
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MinnStar Bank N.A. is participating in the FDIC’s Transaction Account Guarantee Program. Under that program, through June 30, 2010, all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC’s general deposit insurance rules.