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
• Account balances
• Transaction history

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 Modern Bank, N.A. chooses to share; and whether you can
limit this sharing.

Reasons we can share your personal information

Does
Modern Bank, N.A.
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

No

We
don’t share

For joint marketing with other financial companies

No

We
don’t share

For our affiliates’ everyday business purposes –information about your transactions and experiences

No

We
don’t share

For our affiliates’ everyday business purposes –information about your
creditworthiness

No

We
don’t share

For nonaffiliates to market to you

No

We
don’t share

Questions?

Call
212-323-1100 or go to www.www.modernbank.com

What We Do

How does
Modern Bank, N.A. 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.
We also maintain other physical,
electronic and procedural safeguards to protect this
information and we limit access to information to those employees for
whom access is
appropriate.

How does Modern Bank, N.A. collect
my personal information?

We collect your personal information, for example, when you

• Open an account
• Apply for a loan
• Give us your income 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 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.
See below for more on your rights under state law.

Definitions

Affiliates

Companies related by common ownership or control. They can be financial and
non-financial companies.
• Modern Bank, N.A. does not share with our affiliates.

Nonaffiliates

Companies not related by common ownership or control. They can be financial
and non-financial companies.
• Modern Bank, N.A. 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. 
• Modern Bank, N.A. doesn’t jointly market.

Other Important Information

For Alaska, Illinois, Maryland and North Dakota Customers. We will
not share personal information with nonaffiliates either for them to
market to you or for joint marketing – without your authorization.
For California Customers. We will not share personal information
with nonaffiliates either for them to market to you or for joint
marketing – without your authorization. We will also limit our sharing
of personal information about you with our affiliates to comply with all
California privacy laws that apply to us.
For Massachusetts, Mississippi and New Jersey Customers. We will
not share personal information from deposit or share relationships with
nonaffiliates either for them to market to you or for joint marketing –
without your authorization.