Privacy Statement

Your trust is the most valuable asset of BankNewport and we have had a long tradition of protecting your privacy. As technology continues to evolve, it is more important than ever that we assure you that your information is safe with us. We take precautions to protect your privacy. When you provide us or we obtain information about you and your accounts that is not publicly available ("nonpublic personal information"), you can be certain this information will be used only within strict guidelines.

We have prepared this notice to explain what types of nonpublic personal information we collect, how we use it, and under what circumstances we may share it.

We encourage you to read through this notice regarding our position on privacy. At the very least, you should know that we use your information responsibly to:

Provide you with the services you have requested.
Offer you other financial products and services.
Inform you of financial services made available by our carefully selected marketing partners.

We do not provide information to companies for the purpose of independent telemarketing or direct mail marketing of any products or services of those companies.

This notice applies only to nonpublic personal information obtained by us in connection with financial products and services primarily for personal, family or household purposes (and not business purposes). This notice takes precedence over any previous privacy notices issued by us.

Information We Collect

We collect nonpublic personal information about you from the following sources:

Information we receive from you on applications and other forms; Information about your transactions with us, our affiliates or other persons who are not members of our corporate family ("non-affiliates"); and Information we receive from a consumer reporting agency (e.g., credit bureaus and others).

Information We Disclose and To Whom

Most of the information we collect is used for only one purpose: to help deliver the services you've requested, easily and efficiently. It also may permit us to design and offer specific products and services that will be useful to you.

We may share with our affiliates nonpublic personal information regarding our transactions with you (such as name and address).

We may disclose nonpublic personal information received from you on applications and other forms, such as your name and address, to non-affiliated companies that perform marketing services on our behalf with regard to our own products or services.

We may disclose nonpublic personal financial information about you to other financial institutions with which we have joint marketing or outside service provider arrangements as follows:

Joint Marketing Providers: From time to time, we carefully select joint marketing providers to offer our customers specialized financial services, such as mortgage life insurance and credit cards. Although these providers are not affiliated with us, they work closely with us to help meet certain of your financial needs. If appropriate, we may disclose to these providers information received from you on applications or other forms, such as your name and address, as well as information about your transactions with us, such as account opening dates, balances, and types of accounts.

Outside service providers: At times, we may enter into arrangements with non-affiliated companies or firms whose expertise is essential for our own services to function properly or to complete transactions. For example, we may work with specialized firms that enable online banking, print checks or generate account statements for our customers. As permitted by law, we disclose to these service providers the customer information that is necessary to perform these functions.

These marketing companies and joint marketing and outside service providers are required by us to safeguard the confidentiality of your nonpublic personal information and use it only for authorized purposes.

We also may disclose the nonpublic personal information we collect about you to other non-affiliates, as permitted by law. We do not disclose any nonpublic personal information about our former customers to anyone, including any other BankNewport affiliate, except as permitted by law. For example, certain federal or state laws may require us to disclose information about you if you are involved in litigation with a third party. In such circumstances only the specific information required by law, subpoena or a court order will be disclosed.

Online Services and Privacy

You can visit our Web site and learn about our products and services without providing any information about you. We do not store or retain any information (i.e., "cookies") about you when you visit our Web site.

If you have completed an authorization agreement to use BankNewport's Web site for Internet banking services, we will retain your user ID and password so that we can recognize you as an authorized user of the Web site. When you engage in Internet banking transactions with us on our Web site, we maintain all information relating to your activities and transactions. We use a secure Web site, pass codes and special encryption technology to protect your information from interception by unauthorized third parties. You can also apply for a loan on our secure Web site.

We obtain e-mail addresses from our customers. We do not share e-mail addresses with anyone. We do not communicate with our Internet banking customers or loan applicants about their specific transactions by e-mail. We may from time to time respond by e-mail to inquiries from our Internet banking customers about other matters, but we do not discuss or include nonpublic personal information in those responses without our customers’ authorization. We encourage our customers not to communicate any nonpublic personal information by e-mail to us, as e-mail is not secure.

From time to time we may send by e-mail to our Internet banking customers information about new or additional BankNewport Internet banking products or services. If you do not want to receive this information from us by e-mail, you may request at any time that we not send any more information by e-mail to you.

Where to Find Out More

If you have questions or comments about our privacy practices or the way your information is maintained and used, we would like to hear from you.

Please write to us at:

BankNewport
P.O. Box 450
Newport, Rhode Island 02840
Attention: Privacy Officer.

We Respect Your Privacy

We restrict access to your nonpublic personal information to our employees, agents or other similar persons who need to know that information to provide products and services to you.

We maintain physical, electronic and procedural safeguards that comply with federal and other applicable standards to guard your nonpublic personal information.

Your trust is important to us. We are committed to protecting your privacy, whether you do business with us in person, online, by telephone or mail.