SBSB recognizes that safeguarding personal and financial information about our clients is an essential commitment we make and trust we hold. In this regard, we have adopted certain policies and procedures concerning the use of personal and financial information about our clients. These policies and procedures govern the activities of our officers, directors and employees and strictly limit our ability to use or distribute personal and financial information about you. This Privacy Policy Notice outlines those policies and procedures.

We may receive personal and financial information about you from the following sources:

• Information you provide us on applications or other forms or which may be publicly available;
• Information you direct or authorize us to obtain from third-parties such as advisers or custodians (including investment, legal, insurance or other financial advisers, or brokerage houses, banks or asset custodians);
• Information you give us orally; and
• Information about your financial transactions with us or others.

We may share information about you with our affiliated financial service companies, such as our banks and brokerage company, as reasonably needed to provide you with the investment, tax, insurance and other financial services that you have engaged us to perform, or otherwise to identify services which may serve your financial, investment or planning objectives. If you would like a list of affiliated financial service companies, please contact your financial advisor. However, in all such instances, we restrict access to your personal and financial information to those employees who have a reasonable need to know that information to provide or identify such services to you. As an individual you have the right to instruct us not to share among our affiliated financial service companies certain information from your account applications or information received from third parties (other than information about your transactions or experiences with us). Please notify your Financial Advisor at SBSB if you would like us to limit the sharing of this other information. If you are a resident of Vermont, we will not share this other information among our affiliated financial service companies without your authorization. Please notify your Financial Advisor at SBSB if you would like us to authorize the sharing of this other information.

We may also disclose information to unaffiliated third parties (such as brokers, other financial, legal, insurance or investment advisers, or custodians) to complete a transaction you have requested, to help us service your account or as specifically directed by you or your agent. However, any such disclosure not specifically requested by you will only be as permitted by law and only as reasonably necessary for SBSB or such third parties to provide the agreed services to you. All companies with whom we do business are contractually obligated to comply with strict standards regarding security and confidentiality, and the information can be used only for the sole purpose of providing the service we have requested the company to perform.

We may also disclose information about you as required by law, such as when we respond to a subpoena or other legal process. When responding to a subpoena or other legal process, we will provide you with any required notice and, whenever practicable, we will discuss our response with you. We limit access to information we have about you to those employees who have a reasonable need to know to provide you with services to help you meet your financial needs. We maintain physical, electronic and procedural internal safeguards that comply with federal laws and regulations to guard the information we have about you.

We are just as committed to protecting the privacy of our former clients as we are our current clients. If you choose to end your relationship with us, you will continue to be protected by the privacy policies and principles described in this policy.

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT: To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents. Helpful tips can be found on the Federal Trade Commissions Identity Theft website at www.consumer.gov/idtheft/ or by calling 1-877-IDTHEFT. This website also provides you with important information on what you should do if you believe you are a victim of identity theft. If you have been a victim of identity theft, please contact us so that we can assist you with any issues related to your accounts with Harris.

This Policy is effective as of June 1, 2004. There have been no significant changes to the policy since April 1, 2003. To review the most current version of our privacy policy please visit our website at www.sbsbinc.com and click on the link for "Privacy". SBSB Privacy Policy Notice 2004