Legal Entity Accounts

Legal Entity Accounts

Rules from the Bank Secrecy Act

IMPORTANT INFORMATION ABOUT OPENING A LEGAL ENTITY ACCOUNT

New rules under the Bank Secrecy Customer due diligence requirements will aid the government in the fight against crimes to evade financial measures designed to combat terrorism and other national security threats.  

EACH time an account is opened or updated for a covered Legal Entity, we are required to ask you for identifying information (name, address, date of birth, social security number as well as identification documents) for:

• Each individual that has beneficial ownership (25% or more); and,
• One individual that has significant managerial control of the Legal Entity.

If you are opening an account on behalf of a Legal Entity, you will be required to provide the appropriate documentation and to certify that this information is true and accurate to the best of your knowledge.

We proudly support all efforts to protect and maintain the security of our customers and our country.