Privacy Policy

Rev. 11/2022
FACTS WHAT DOES SHORE UNITED BANK DO WITH YOUR PERSONAL INFORMATION?
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
  • Transaction history and credit history
  • Investment experience and account transactions

When you are no longer our 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 Shore United Bank chooses to share; and whether you can limit this sharing.

Reasons we can share your personal information Does Shore United 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 nonaffiliates to market to you No We Do Not Share
Questions? Call toll-free 877-758-1600 or go to www.shoreunitedbank.com
What we do
How does Shore United 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.

Our employees are bound by our Code of Ethics and policies to access consumer information only for legitimate business purposes and to keep information about you confidential.

How does Shore United Bank collect my personal information?

We collect your personal information, for example, when you

  • Open an account or apply for a loan
  • Make deposits or withdrawals from your account or enter into an investment advisory contract or give us your contact information
  • Make a wire transfer

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 purposes - information about your creditworthiness
  • affiliates from using your information to market to you
  • sharing for nonaffiliates 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 nonfinancial companies.

  • Our affiliates include financial companies, such as investment advisors with common ownership under Shore Bancshares Inc., nonfinancial companies, such as title companies with common ownership under Shore Bancshares Inc.
Nonaffiliates

Companies not related by common ownership or control. They can be financial and nonfinancial companies.

  • Shore United Bank does not share with nonaffiliates so they can market to you.
Joint marketing

A formal agreement between nonaffiliated financial companies that together market financial products or services to you.

  • Our joint marketing partner(s) include financial institutions such as financial product or service marketing service.
Other important information

Other Privacy Statement
State laws and individual companies may give you additional rights.