USA
PATRIOT ACT
IMPORTANT INFORMATION ABOUT OPENING AN ACCOUNT
On September 11, 2001, our lives changed forever. In an effort to protect you and our country, the USA PATRIOT Act was signed into law. 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. In addition, effective May 11, 2018, we will require identification on beneficial owners and a controlling person for every legal entity account opened.
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 ask to see your driver’s license or other identifying documents, as well as the same type of identifying documents for beneficial owners and controlling persons of each business entity, in addition to any required official documents relating to the opening of a business account.