USA Patriot Act
Important Information About The USA Patriot Act And Procedures For Establishing A Banking Relationship With Bankers’ Bank and its Subsidiaries
Section 326 of the USA PATRIOT ACT requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account or changes an existing account. This federal requirement applies to all new customers and current customers. This information is used to assist the United States government in the fight against the funding of terrorism and money-laundering activities.
When you establish a formal banking relationship with Bankers’ Bank or any of its subsidiaries we will ask for your name, address, and other identifying means that will allow us to identify you. In certain cases, Bankers’ Bank and its subsidiaries may use a third party to help establish your identification.
Bankers’ Bank and its subsidiaries trust you will understand the necessity of these requirements and help us follow them by presenting the requested identification documents. In some cases, identification will be requested from those who have previously established relationships with Bankers’ Bank or its subsidiaries prior to the adoption of the USA Patriot Act because original documentation was not obtained at that time. In all cases we promise to protect your identity and confidential information.