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.
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:
60 N. Main Street | Doylestown PA 18901
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1500 E. Lancaster Ave | Suite 105 | Paoli, PA 19301
M-F 9:00am- 1:00pm; Also by Appointment
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