SAFEGUARDING YOUR PRIVACY
Your privacy is our top priority. Paramount Capital Group, Inc. (Paramount) appreciates the trust you placed with us and we are committed to protecting the security and confidentiality of your nonpublic personal information. Unlike many other financial institutions, Paramount does not sell any of your nonpublic information to others. Furthermore, Paramount will provide annual notification of our privacy policies and procedures to keep you informed about this issue.

COLLECTING INFORMATION
Paramount collects nonpublic personal information about you from:

  • The information you provide on applications, other forms, by telephone or otherwise. Examples of this type of information include your name, address, social security number, credit history and other financial information.
  • Your transaction with others or us. For example, your payment histories, account balances and other transaction records.
  • The information we receive from consumer reporting agencies, such as information relating to your credit worthiness, your credit score and credit usage.
  • From third parties to verify information you have given us, such as references stated on your credit application.

USE OF YOUR PERSONAL INFORMATION
Paramount may use and share all information described above, for the following purposes:

  • To provide you with products and services you have requested.
  • To comply with reporting and legal requirements.
  • To otherwise conduct business.

Paramount treats your nonpublic personal information with respect and concern for your privacy. Paramount does not disclose any nonpublic personal information to anyone except as to permitted by law.

Information Sharing with Nonaffiliated Third Parties as Permitted by Law
Under the Federal Financial Services Modernization Act, Paramount is permitted to share any or all information we have collected about you with companies that perform services on Paramount’s behalf and other financial institutions with whom Paramount has joint agreements.
For example, Paramount may disclose your nonpublic personal information to service your account or for a proposed or actual securitization, secondary market sale or similar transaction.

Protecting Your Personal Information from Unauthorized Access
At Paramount, we limit access to your nonpublic personal information to those team members (Paramount employees) and others who need to know the information in order to provide services to you or to maintain or service your account.

Even if you are no longer a Paramount customer, Paramount will continue to treat your nonpublic personal information in the same way as if you were still a customer. In addition, Paramount maintains physical, electronic and procedural safeguards to protect this information.

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Security

Protecting Your Financial Privacy
Paramount Capital Group, Inc. will protect the privacy of your personal and financial information. To guard your nonpublic personal information, we maintain physical, electronic, and procedural safeguards that comply with federal regulations.

The length of time we retain information varies depending on the product or service and the nature of the information. This period may extend beyond the end of your relationship with us but only for so long as it is legally necessary for us to have sufficient information to respond to any issue that may arise at later date or as other required by regulatory agencies. When your information is not longer needed for the purposes explained to you, we have procedures to destroy, delete, erase or covert it to an anonymous form.

We update and test our technology regularly to ensure we maintain commercially reasonable standards in securing your financial privacy.

Regarding Cookies
To provide better service and a more effective Web site, we may use "cookies" as part of our interaction with your browsers. A "cookie" is a small text file placed on your hard drive by our Web Page Server. Cookies cannot retrieve any other data from your hard drive, pass on computer viruses, or capture your e-mail address. Cookies are commonly used on Web sites and do not harm your system.

We may use cookies to record information about:

  • Visitors' preferences
  • User sessions on our web sites
  • What pages users access or visit on our web sites
  • Past activity at a site in order to provide better service when visitors return to our site, or to accomplish the following purposes:
    • Alert visitors to new areas that we think might be of interest to them when they return to our site
    • Ensure that visitors are not repeatedly sent the same banner ads
    • Customize Web page content based on visitors' browser type or other information that the visitor sends

We may use cookies in places where you need to register or where you are able to customize the information you see. Recording a cookie at such points makes your online experience easier and more personalized.

Our cookies do not collect personally identifiable information and we do not combine information collected through cookies with other personal information to determine who you are or your e-mail address. By configuring your preferences or options in your browser, you determine if and how a cookie will be accepted. However, if you configure your web browser so that "cookies" are turned off, our website will not be able to process your transaction. If this happens, please turn your cookies back on and log onto our site again.

Encryption
Your password as well as all information relating to your accounts and your enrollment are scrambled using some of the strongest forms of encryption commercially available for use over the World Wide Web.

How does encryption work?
Everything that travels through the Internet during your session - from your password to your instructions to pay a bill - becomes a string of unrecognizable numbers before entering the Internet. Both Paramount Capital Group, Inc.'s computers or the servers on which our information is maintained and the browser you use to surf the Web understand the mathematical formulas, called algorithms, that turn your banking session into numeric code and back again into meaningful information.

These algorithms serve as locks on the doors of your account information. And while Paramount Capital Group, Inc. or the on which our information is maintained and your computer can easily translate this code back to meaningful language, this process would be a daunting, almost impossible task for unauthorized intruders. That's because there are billions of possible keys that could potentially solve each formula - but only one that will work. Every time you begin an online banking session, your computer and Paramount Capital Group, Inc.'s systems on which our information is maintained agree on a random number that serves as the key for the rest of the conversation. What that random number is depends largely on the strength of encryption used by your browser.

Standard encryption is 40-bit or 56-bit and meets the bank's security requirements for all Online Banking activities except our Bill Pay service. For maximum protection, Paramount Capital Group, Inc. encourages you to use browsers offering 128-bit encryption. This is also known as high or strong encryption. It means there are 2128 possible keys that could fit into the lock that holds your account information. In other words, a hacker attempting to get to your account information would need to use a computer with exponentially more processing power than for 40-bit or 56-bit encryption to find the correct key.

Note: Currently, browsers that offer 128-bit encryption can only be used by citizens and permanent residents of the United States and citizens of Canada, and can only be downloaded to locations in the United States or Canada.

All browsers provide detailed information on security levels. See your browser's help or documentation for more information.

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How do I know if my session is encrypted?
You can determine if encryption is being used on a given Web page by looking for the following icons in the lower portion of your browser:

Netscape Navigator displays the icon in the lower left corner of the browser. In addition, Netscape Communicator displays the icon in the navigation toolbar. Microsoft Internet Explorer displays the icon in the lower right corner of the browser.

Neither Netscape Communicator nor Microsoft Internet Explorer display any icon that distinguishes between 40-bit or 56-bit and 128-bit encryption. But if you use Netscape Communicator 4.5 or later, you can click on the icon displayed to determine what level of encryption is being used for a particular Web page. IE5 will display the encryption level in a pop-up window when you place your cursor on the encryption icon in the lower right corner of the browser.

If you use WebTV, you need to press the info button on the keyboard (or, if using the remote control, select the options button and then select info). If a "Security Details" button displays on the screen, the page is secure. Select this button for more information about security.

If you do not have a secure version of either Microsoft Internet Explorer or Netscape Navigator, you can download them from this page.
Download Internet Explorer or Download Netscape Navigator