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. We proudly support all efforts to protect and maintain the security of our customers and our country.
When you open an account, we will ask for your name, address, date of birth, social security number and other information that will allow us to identify you. We will ask to see your driver’s license and other identifying documents in order to verify your identity and address.
To help you prepare for account opening, please bring two forms of current identification, one of which must be primary, from the following list:
- Driver’s license
- State ID card
- Military ID card
- U.S. alien registration card
- Firearm license
- Voter Registration card
- Insurance card
- Student ID card
- Property tax bill
- Utility bill
- Certified copy of birth certificate
- Medicare/Medicaid card
- Credit/Debit/ATM card
We will need this information for ALL signers on the account. Identification will also be verified and validated using a credit report.
If you are opening an account for an entity you will need the name, physical address (not PO Box), taxpayer identification number (EIN), proof of existence, and a list of Beneficial Owners. Proof of Existence can be demonstrated with Articles of Incorporation or Certificate of Existence form the Secretary of State or a Government issued business license, or a Trust Instrument. A beneficial owner is a person either who owns, directly or indirectly, 25% or more of the equity interest of the company. We will also need to verify someone who has significant responsibility for managing the company. Examples include CEO, CFO, COO, Managing Member, General Partner, President, Vice President or Treasurer. We will obtain the following information for each Beneficial Owner and Control Person: Name, Address, Date of Birth, Social Security Number and copy of Driver’s License.