Privacy & Security
- Deposit Insurance Coverage
- Disclosures & Policies
- Fraud Awareness Resources
- Verified by Visa®
A Top Priority for Pacific Continental Bank
Protecting the privacy and security of personal nonpublic information is important to Pacific Continental Bank and its employees. We recognize the importance of maintaining the privacy standards you expect for the information you have entrusted to us.
Important Information Regarding IRA Rollover Changes
Effective January 1, 2015
Recent Internal Revenue Service (IRS) rule changes concerning Individual Retirement Account (IRA) rollovers will become effective for distributions that occur on or after January 1, 2015. According to the IRS announcement, individuals can make only one rollover from an IRA to another (or the same) IRA in any 12-month period, regardless of the number of IRAs owned.
Additional information can be found on the IRS website at the following links:
- Application of One-Per-Year Limit on IRA Rollovers
- Application of One-Per-Year Limit on IRA Rollovers (pdf)
- IRS Clarifies Application of One-Per-Year Limit on IRA Rollovers, Allows Owners of Multiple IRAs a Fresh Start in 2015
- IRA One-Rollover-Per-Year Rule
Children’s Online Privacy Protection Act
The online financial services offered through Pacific Continental Bank’s website are not designed for or directed toward children under the age of 13. The Children’s Online Privacy Protection Act (COPPA) was passed to give parents increased control over what information is collected from their children online and how such information is used. The law applies to websites and services directed to, and which knowingly collect information from, children under the age of 13.
Pacific Continental does not knowingly solicit or collect data from children, and we do not knowingly market to children online without express parental consent or notification. If you believe your child has provided personally identifiable information to us, please contact us.
You may contact us by phone, toll-free at 1-877-231-2265, email at firstname.lastname@example.org or mail at Pacific Continental Bank, PO Box 10727, Eugene, OR 97440-2727. For more information about the Children’s Online Privacy Protection Act, please visit the Federal Trade Commission website.
The Federal Reserve Board (FRB) has adopted revisions to Regulation E (“Reg. E”) that require consumers to opt-in to their financial institution’s overdraft protection service for ATM and one-time debit card transactions before overdraft fees may be assessed on a consumer’s account. The new Reg. E revisions requiring consumers to opt-in to overdraft services do not apply at Pacific Continental Bank.
The bank does not allow its clients to overdraw their account at an ATM or when they make a purchase using their debit card unless they have a signed and pre-approved line of credit in place. It’s important to understand that checks and automatic bill payments are not covered under these new rules, so they may be subject to overdraft charges; however, there is no need to “opt-in” to additional overdraft charges related to checks or bill payments.
If you are at risk of facing foreclosure, your lender may contact you directly. If you are contacted by your lender, try to work with the lender to assess your ability to repay the debt, as well as to consider other options.The letter or notice that you receive may contain the toll-free phone number for the U.S. Department of Housing and Urban Development (HUD), 1-800-569-4287.
HUD-approved counseling agencies are available to provide you with the information and assistance you need to avoid foreclosure. Foreclosure-prevention counseling services are provided free-of-charge by nonprofit housing counseling agencies working in partnership with the Federal Government. In addition, as part of the Homeowner Affordability and Stability Plan (HASP), the Making Home Affordable initiative allows eligible borrowers to refinance or modify their existing first mortgage. Click here for more information.
Educate Yourself about Foreclosure:
- There are steps to take and individuals to contact if you are behind on your monthly mortgage payments and need assistance. Click here for more information in Washington.
- Sometimes a lender may not pursue foreclosure even though your loan payments are behind. Although a lender isn’t required to accept any offers or renegotiate the terms of your loan, there may be alternatives to foreclosure. Click here to learn more information in Oregon.
- Published by the Federal Deposit Insurance Corporation (FDIC), this information “toolkit” is designed to help prevent both unnecessary foreclosures and fraudulent rescue scams by encouraging loan modification and providing an FDIC phone line to direct borrowers to legitimate mortgage counselors. Click here to learn more information.