The new financial modernization law includes provisions requiring, among other things, that every bank create a privacy policy and disclose it to its customers.

The following policy was adopted by the First State Bank of Wabasha's board of directors as of November 21, 2000

- John E. Doffing, President

Mission Statement on Privacy and Confidentiality:
At the first state bank of Wabasha, the basis of each customer relationship, many of which span generations, is trust. You have chosen to do business with the First State Bank of Wabasha, and we are obligated to honor that relationship with great care, beginning with the information you have chosen to share with us. We believe that your privacy should not be compromised. At the same time, we want to offer you the array of financial products and services you need to accomplish your financial goals. We believe we can do both through the privacy policy we have adopted.

Recognition of a Customer's Expectation of Privacy:
We recognize your right to privacy at the first state bank of Wabasha, we recognize that you have a right to expect your personal financial information to remain private and secure. We will maintain standards to ensure that your information is private and secure at all times.

Customer Benefits of Institution's Management Practices:
Information about consumers is accumulated from a variety of sources. Some information is provided to the First State Bank of Wabasha directly by the customers themselves. Other data is developed by the First State Bank of Wabasha as a function of providing a product or service to a customer. Still other information is obtained from outside sources. We will limit the use and collection of information about our customers to that which is necessary to administer our business, provide superior service, and offer opportunities that we think will be of interest to customers. This means that we will use information to help us identify and mitigate potential risks or loss to the First State Bank of Wabasha. We will use information to help identify additional products or services which we believe customers might want to know about. we will use this information only in accordance with the principles set out in this policy.

Maintenance of Accurate Information:
The First State Bank of Wabasha continually strives to maintain complete and accurate information about you and your accounts. Should you ever believe that our records contain inaccurate or incomplete information about you, please notify us. We will investigate your concerns and correct any inaccuracies.

Limitations on Employee Access to Information:
At the First State Bank of Wabasha, employee access to personally identifiable customer information is limited to those with a business reason to know such information. Employees are educated on the importance of maintaining the confidentiality of customer information and on these privacy principles. Because of the importance of these issues, all First State Bank of Wabasha employees are responsible for maintaining the confidentiality of customer information and employees who violate these privacy principles will be subject to disciplinary measures.

Protection of Information Via Established Security Procedures:
The First State Bank of Wabasha is committed to the security of your financial and personal information. All of our operational and data processing systems are in a secure environment that protects your account information from being accessed by third parties. The First State Bank of Wabasha maintains and grants access to customer information only in accordance with our internal security standards.

Restrictions on the Disclosure of Account Information:
It is the bank's policy not to reveal specific information about customer accounts or other personally identifiable data to unaffiliated third parties for their independent use, except for the exchange of information with reputable information reporting agencies to maximize the accuracy and security of such information or in the performance of bona fide corporate due diligence or business matter, unless 1) the information is provided to help complete a customer initiated transaction; 2) the customer requests or permits it; 3) the disclosure is required by or allowed by law (e.g., subpoena, investigation of fraudulent activity, request by regulator, etc.); or 4) the customer has been informed about the possibility of disclosure for marketing or similar purposes through a prior communication and given the opportunity to decline ( i.e. "opt out").

Maintaining Customer Privacy in Business Relationships with Third Parties:
When the bank conducts business with third parties, it requires its vendors and suppliers to maintain similar standards of conduct regarding the privacy of personally identifiable customer information provided to them.

Providing Privacy Information to Customers and Responding to Inquiries:
The First State Bank of Wabasha recognizes and respects the privacy expectations of our customers. We want our customers to understand our commitment to privacy in our use of customer information. As a result of our commitment, we have developed these privacy principles which are made readily available to our customers. Customers who have questions about these privacy principles or have a question about the privacy of their customer information should call the First State Bank of Wabasha at 1-651-565-3331 or 1-800-626-3697.

Privacy Disclosure