Beneficial Ownership

IMPORTANT INFORMATION ABOUT OPENING A BUSINESS ACCOUNT Effective May 11, 2018 In an effort to fight financial crime, federal regulation will require financial institutions to obtain and record information about the beneficial owners of business customers (corporation, limited liability company, partnership, or a similar business formed in the United States or foreign country). EACH time an account is opened for a business, 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 business. If you are opening, renewing, or revising an account on behalf of the business, you will be required to provide the appropriate documentation and to attest 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.

Beneficial Ownership Requirements

What documentation do I need to provide besides completing the Beneficial Ownership form? Corporation:
1. Certificate of Incorporation or
2. Articles of Incorporation or Certificate of Formation
3. Certificate of Authority
4. Taxpayer ID Number or Employer Identification Number Limited Liability Corporation:
1. Certificate of Organization or
2. Certificate of Formation or Articles of Organization
3. Taxpayer ID Number or Employer Identification Number
4. Company Regulations/Operating Agreement (if available) Non-Profit Corporation:
1. Certificate of Incorporation or
2. Articles of Incorporation
3. Certificate of Authority
4. Taxpayer ID Number or Employer Identification Number General Partnership:
1. Partnership Agreement (if available)
2. Assumed/Fictitious Name Certificate for GP/Joint Venture
3. If GP is an entity (a Corporation or a LLC) provide documentation required of that entity
4. Taxpayer ID Number or Employer Identification Number Limited Partnership:
1. Certificate of Limited Partnership
2. Limited Partnership Agreement
3. Taxpayer ID Number or Employer Identification Number Escrow:
1. Agency or Escrow Agreement
2. If Escrow is an entity (a Corporation or a LLC) provide documentation required of that entity
3. Taxpayer ID Number or Employer Identification Number Business Trust:
1. Trust Documents - Trust Summary (Certificate)
2. Taxpayer ID Number for the Trust For a foreign business that is established outside of the United States, an internal review of documentation is required. Please contact a sales representative for additional information.