USA Patriot Act
Important Information about Procedures for Opening a New Account
To help the federal government fight the funding of terrorism and money laundering activities, Section 326 of the USA PATRIOT Act1 requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account (checking, savings, certificates of deposit, loans, safekeeping services, trust services, etc.).
What this means for you:
- When you open an account or request certain services, we will ask for your name, address, date of birth, identification number such as your Social Security Number or Tax Identification Number, and other information that will allow us to identify you.
- We may also ask to see your driver’s license or other identifying documents.
The principal purpose and routine uses of this information are to verify your identity, provide for the servicing of your account or loan, including communications with consumer reporting agencies, and in the event it is necessary, to locate you and collect on your loan(s). Providing any requested information is mandatory in order to open the account or receive the requested service. We will not be able to open your account or grant the service if the requested information is not provided.
In all cases, protection of our customers’ identity and confidentiality is the Bank’s pledge to you.
1 This notice also satisfies our obligations under the Privacy Act of 1974.