MAGNOLIA STATE BANK
IMPORTANT INFORMATION ABOUT YOUR PRIVACY

Magnolia State Bank is committed to maintaining the privacy and confidentiality of your nonpublic personal information.  Nonpublic personal information does not include information that is available from public sources (such as telephone directories or government records).  The nonpublic personal information we collect is limited to information we believe is necessary or useful to conduct our business and to comply with laws and regulations.  In order to honor our commitment, we have developed the following practices and procedures:

Magnolia State Bank collects nonpublic personal information about you from the following sources:

·                     Information we receive from you on applications or other forms, or by telephone;

·                     Information we receive through our Customer Identification Program;

·                     Information we receive on-line;

·                     Information about your transactions with us;

·                     Information about your transaction with other parties; and

·                     Information we receive from a consumer reporting agency.

Magnolia State Bank will take reasonable steps to protect the privacy of customer information.  We do not disclose any nonpublic personal information about our customers or former customers to anyone, except as permitted by law.  We restrict access to nonpublic personal information about you to those employees who need to know such information to provide products and services to you.  We maintain physical, electronic, and procedural safeguards that comply with federal standards to guard your nonpublic personal information against improper disclosure.

Magnolia State Bank is very selective in choosing third parties that assist us in the delivery of products and services to our customers.  There will be occasions when we partner with third parties that are unaffiliated with us in order to offer ancillary products and services that may be of benefit to our customers thorough service providers that provides marketing services on our behalf, or under joint marketing agreements.  Such arrangements may require sharing of nonpublic personal customer information collected as described above to companies that perform marketing services on our behalf and with whom we have joint marketing arrangements, such as name and address.  When we enter into such a partnership we will require these third parties to adhere to similar privacy principles.

We may share some or all of the nonpublic personal information we collect, as described above, as otherwise authorized or required under applicable law.  This includes, for example, disclosures to credit reporting agencies; disclosures to process and service your requested or authorized transactions; disclosures in connection with recording deeds of trust, mortgages and other security instruments in public records; disclosures in connection with subpoenas or other legal processes; disclosures as part of fraud investigations; disclosures in connection with audits and examinations; disclosures in connection with the sale of accounts to another financial institution; and disclosures pursuant to your authorization or consent.

Customer and members of the public may receive copies of this notice of privacy practices by contacting us at the following address:

Magnolia State Bank

15 East 6^th Avenue (39422)

P. O. Box 508

Bay Springs, Mississippi 39422-0508

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