Tel: (267) 327- 4910

Beneficial Ownership

When you open a new account (deposit, CD, loan, safe deposit box), including the renewal of a loan or certificate of deposit (CD), you will be required to provide information about your beneficial owners.  

Who is a Beneficial Owner?
  • Each individual who owns 25% or more of the company. 
  • One individual who has significant managerial responsibility for the company.
Why we need this information?

To help the government fight the funding of terrorism and money laundering activities, Federal Law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.  The purpose is to increase transparency regarding the ownership of legal entities.

Section 326 of the USA PATRIOT Act requires that financial institutions identify and verify the identity of the beneficial owners of all legal entity customers at the time a new account is opened.

When you open an account, we will ask you to identify the beneficial owners of your company as defined above. You will need to provide the following for each beneficial owner:

  • Name
  • Address
  • Date of Birth
  • Social Security Number or Tax Identification Number
  • Acceptable Valid Forms of Identification (choose two):
    • Driver's License
    • State-Issued Identification Card
    • Passport
    • Alien Identification Card

Main Office
60 N. Main Street | Doylestown PA 18901
(267) 327-4910
M-F 8:30am -5:00pm; Saturday: 9am-12pm

Paoli Office
1500 E. Lancaster Ave | Suite 105  |  Paoli, PA 19301
(610) 981-6310
M-F 9:00am- 1:00pm; Also by Appointment

    Member FDIC

NMLS 1625396

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