CONFLICT OF INTEREST AND PROFESSIONAL ETHICS
Because we are a financial institution we must be absolutely above suspicion or reproach. Both individually and as a company we must uphold the finest standards of business practice. In particular we must avoid the appearance of conflict of interest. Therefore, the following applies to all associates of Carrollton Bank and its subsidiaries:
No associate shall disclose to anyone, either during or after his or her employment, any confidential information obtained by him or her as a result of his or her employment, unless the written consent of an executive officer of the Bank has first been obtained. On termination of employment, no associate will, without permission of an executive officer of the Bank, take any material or media from the Bank in any form written or otherwise.
Each associate shall devote all of his or her time and attention to the business of the Bank, during normal working hours with the Bank, and shall not work for any other employer during said normal working hours with the Bank.
Each associate shall not use the Bank's property or equipment for other than officially approved activities of the Bank and for no other use or purpose.
No associate shall give gifts or provide entertainment totaling over $100.00 in value, or any other personal favor to, or accept the same from any person or organization with whom or with which the Bank may now have or may, in the future, have any business dealings.
Each associate is required to disclose any outside activities of a business nature or other employment to the Human Resources department on at least a yearly basis, in written form.
No associate may perform any business activity that conflicts or suggests a potential conflict with the best interest of the Bank or its subsidiaries.
No associate, during his or her term of employment with the Bank shall pursue or become directly or indirectly interested in any business or occupation that is in conflict with either the business of the Bank or its subsidiaries or with the rights, duties and responsibilities of such associate to the Bank.
No contract or other transaction between the Bank or its subsidiaries and any other party or entity shall be initiated by an associate who is pecuniarily or otherwise interested in the transaction, without disclosure to the Bank and their written consent thereto.
No exemption from the provisions of this policy shall be valid or given unless made in writing and signed by the President/CEO or Executive Vice President of the Bank in advance of the transaction contemplated by the associate.
Federal regulations require that certain associates are required to file reports with the Bank relating to securities transactions. You will be advised if this applies to you.