USA Patriot ACT
Important Information About Opening
A Legal Entity Account
Section 326 of the USA Patriot Act requires all financial institutions to obtain, verify and record information that identifies each person who opens and account for a covered Legal Entity. New Rules under the Bank Secrecy Act 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 for a covered Legal Entity, we are required to ask you for identifying information (name, address, date of birth, social security number and identification documents) for:
- Each individual that has beneficial ownership (25% or more) in the Legal Entity; and
- One individual that has significant managerial responsibly for the Legal Entity.
We proudly support all efforts to protect and maintain the security of our customers and our country.
Millbury National Bank reserves the right to use the above information to obtain verifications of identity and background before opening any accounts. We may also access information about you from a consumer reporting agency, such as a copy of your credit report, before opening any account. By submitting this form, you grant full permission to do so.