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Your business is more than a series of spreadsheets and check boxes. We strive to build better communities by strengthening relationships and providing small business solutions that work. Our team of small business specialists and experienced lenders will work with you hand in hand to develop custom solutions for your growing business. Experience the difference of North Valley Bank.
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IMPORTANT INFORMATION ABOUT OPENING A LEGAL ENTITY ACCOUNT
Effective May 11, 2018, 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 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 Legal Entity.
If you are opening an account on behalf of a Legal Entity, you will be required to provide the appropriate documentation and to certify that this information is true and accurate to the best of your knowledge.