Notice of Data Collection
Notice at Collection for Consumers
This Notice at Collection details the categories of personal information collected by Federal Morgan Industrial Bank at or before the point of collection, the commercial purposes for which such data is utilized, and the criteria governing data retention.
| Category of Information | Purpose of Collection | Retention Period |
|---|---|---|
| Identifiers & Contact Legal name, SSN, Tax ID, address, phone number, email. |
Account onboarding, KYC regulatory compliance, customer verification, fraud prevention, and account servicing. | Duration of banking relationship + 7 years (Bank Secrecy Act). |
| Financial Records Account balances, credit scores, transaction ledgers, wire instructions. |
Underwriting loans, processing transfers, managing depository operations, monthly statements. | Duration of active account + 7 years. |
| Biometric & Device Data Face ID signatures, fingerprint hashes, IP address, device telemetry. |
Multi-factor authentication, suspicious login detection, unauthorized access mitigation. | Retained locally on device or session duration. |
| Commercial & Employment Occupation, employer details, business tax returns, income proofs. |
Credit risk assessment, commercial mortgage qualification, regulatory loan disclosures. | Duration of loan facility + 7 years. |
Questions About Our Collection Practices?
Review our full Online Privacy Policy or contact the Federal Morgan Compliance Department at support@fmibank.org.