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Privacy Policy

What Does Granite Bank Do With Your Personal Information?

Rev. Date 9/14

Why? Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do.
What?
The types of personal information we collect and share depend on the product or service you have with us. This information can include:

  • Social Security number and account balances
  • overdraft history and payment history
  • credit history and transaction history
When you are no longer a customer, we continue to share your information as described in this notice.
How? All financial companies need to share customers' personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers' personal information; the reasons Granite Bank chooses to share; and whether you can limit this sharing.
Reasons We Can Share Your Personal Information Does Granite Bank Share? Can You Limit This Sharing?
For our everyday business purposes
such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus
Yes No
For our marketing purposes
to offer our products and services to you
Yes No
For joint marketing with other financial companies Yes No
For our affiliates’ everyday business purposes
information about your transactions and experiences
Yes No
For our affiliates’ everyday business purposes
information about your creditworthiness
No We Do Not Share
For affiliates to market to you Yes No
For non-affiliates to market to you No We Do Not Share
What We Do
How does Granite Bank protect my personal information?

To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings.

Notify us if we report any inaccurate information about your account(s) to a consumer reporting agency. Your written notice describing the specific inaccuracy(ies) should be sent to the Compliance Officer.

How does Granite Bank collect my personal information?
We collect your personal information, for example, when you
  • apply for a loan or give us your income information
  • open an account or provide account information
  • provide employment information
We also collect your personal information from others, such as credit bureaus, affiliates, or other companies.
Why can’t I limit all sharing?
Federal law gives you the right to limit only
  • sharing for affiliates' everyday business purpose - information about your creditworthiness
  • affiliates from using your information to market to you
  • sharing for non-affiliates to market to you
State laws and individual companies may give you additional rights to limit sharing.
Definitions
Affiliates
Companies related by common ownership or control. They can be financial and non-financial companies.

  • Our affiliates include financial companies such as Granite Insurance Agency Inc. and Granite Investment Services.

Non‑Affiliates
Companies not related by common ownership or control. They can be financial and non-financial companies.

  • Granite Bank does not share with non-affiliates so they can market to you.
Joint Marketing
A formal agreement between nonaffiliated financial companies that together market financial products or services to you.

  • Granite Bank does not share with nonaffiliates so they can market to you.

Other Important Information
Questions? Call 763-427-4705 or contact us directly at:

Granite Bank
Attn: Privacy
11660 Theatre Drive North
Champlin, MN 55316

Phone: 763.427.4705    
Fax: 763.427.6941