Your business relationship is important to us. Our goal is to make your business account opening process an efficient and enjoyable experience for you. All banks in the United States are subject to new rules under Bank Secrecy Act that aid the U.S. Government in the fight against crimes to evade financial measures designed to combat terrorism and other national security threats. The U.S. Government requires that we ask you for identifying information: name, address, date of birth, social security number, as well as documentation for:

• EACH individual that has 25% or more Beneficial Ownership in the Legal Entity (Beneficial Owner); and,
• ONE individual that has Significant Managerial Control of the Legal Entity (Controls Business)

If you are opening an account on behalf of a Legal Entity, you will be asked to provide:

• Proof of your business tax identification number obtained from the IRS (SS4 letter)
• A certification of good standing from the Secretary of State,
• To Certify that this information is true and accurate to the best of your knowledge

This information will be collected for each new customer at the time a deposit or loan account is opened. To make this process as efficient as possible for you, we suggest that you obtain the above information, along with a copy of the current government issued identification for EACH identified individual. If your business will frequently be opening new accounts/loans, please keep this information current. If you have any questions, please don’t hesitate to contact us.

If any change of ownership occurs after account opening, you will be asked to provide and certify new ownership information.