Important Information About Procedures for Opening a New 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 United States Government fight terrorism and money laundering, Federal law requires financial institutions to obtain, verify, and record information that identifies each individual, business or entity that opens an account or establishes relationship. What this means for you:
For individuals
When you open an account or establish a relationship, we will ask for your:
- Name,
- Date of Birth,
- Residential Street Address,
- Mailing Address, if different from Street Address, and
- Identification Number, such as a Driver’s License Number, Social Security Number, Taxpayer Identification Number, National Identification Number or Passport Number.
For businesses and other entities, such as corporations, trusts, etc.
When you open an account or establish a relationship, we will ask for your:
- Official Name,
- Principal Place of Business or Local Business Street Address, and
- Taxpayer Identification Number or other Registration Number.
For individuals, we may also ask to see (and retain a copy of) your driver’s license, passport or other identifying documents that will help us identify you. For businesses or entities, we may also ask for a copy of your formation documents or other related documentation. If we have difficulty verifying an account holder’s identity, we may not be able to open an account or establish a relationship, or we may have to block or close the account.
Thank you for your cooperation.