Important information about procedures for opening or changing an account with bristol morgan bank
The USA Patriot Act requires all financial institutions to obtain, verify, and record information that on personal accounts identifies each person who opens an account or changes an existing account. This federal requirement applies to all new customers and current customers. In addition, on Legal Entitty accounts, we will require identification of Beneficial Owners and one individual that has significant managerial responsibility for the Legal Entity.This information is used to assist the United States government in the fight against the funding of terrorism and money-laundering activities.
What this means to you: when you open an account or change an existing account, we will ask each person for their name, physical address, mailing address, date of birth, and other information that will allow us to identify them. For Legal Entity accounst, we will ask you for identifying information (name, address, date of birth, and social security number). We will ask to see each person’s driver’s license and other identifying documents and copy or record information from each of them.
We proudly support all efforts to protect and maintain the security of our customers and our country.