Bank Compensation Consulting views the trust of their clients as its most precious asset. BCC understands and appreciates the need for privacy. Protecting the bank’s privacy and safeguarding personal and financial information is our highest priority.
Information Collected by Bank Compensation Consulting
The information we collect directly from our clients includes information required to communicate with the client, such as names, mailing addresses, telephone numbers, Social Security numbers, driver’s license numbers, e-mail addresses and fax numbers.
For purposes of satisfying state insurable interest laws, to accommodate underwriting requirements of the BOLI Carriers and to assist in the design of the BOLI, we may also collect personal financial information.
BCC may also collect information we receive from affiliates or business partners.
How do we use the nonpublic information we obtain?
We use nonpublic information only as appropriate to provide our clients quality service and total security. We use demographic information provided by others on our clients so that we can develop products and services for our clients. We may disclose any portion of the information we obtain to affiliates, to companies or individuals that perform services germane to the bank’s BOLI acquisition. Such includes disclosure of information to insurance companies, securities broker/dealers, rabbi trustees, insurance agents, accountants and/or attorneys engaged by either the bank and/or the directors/executives.
In the post-BOLI acquisition environment Bank Compensation Consulting may also disclose any portion of the information we obtain to companies or individuals that perform services for us or on our behalf, such as independent contractors or technical system consultants who program our software, or to companies that perform marketing services on our behalf. We reserve the right to disclose any nonpublic information we obtain where required by law to regulatory, law enforcement or other government authorities.
Since the foundation of our Privacy Statement is the commitment to keep our clients’ personal information confidential, Bank Compensation Consulting does not sell, license, lease or otherwise disclose your information to any third party for any reason, except as noted immediately above.
What we do to protect the information we obtain?
We restrict access to nonpublic information about current and former clients to authorized individuals that need the information to provide such clients products or services. Outside companies and independent contractors who provide us services or with whom we have entered a joint marketing agreement should execute agreements protecting the confidentiality of any client information we disclose and restricting the use of such information for only those limited and necessary purposes. Bank Compensation Consulting maintains appropriate physical, electronic, and procedural safeguards to protect the information we have obtained.
If you have any questions that this statement does not address, please contact Bank Compensation Consulting.