Notice of Data Collection

Home / Privacy / Data Collection Notice

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.