Dear Valued Customer:
As a result of the events of September 11, 2001…
President Bush signed into law the
USA Patriot Act. In order to prevent the use
of the U.S. banking system in terrorist and other illegal
activity, Section 326 of the Act requires that banks must:
- Verify the identity of any person opening a new
business or personal account (which includes Trust, Investments,
Loans and Deposit Accounts)
- Request and maintain records
of the information used to verify the person's identity including
name, address, date of birth and other identifying information
Presidential Bank will follow this law by obtaining valid
identification and verifying all information given by the customer.
In some cases, identification for existing customers may be
requested so the bank can ensure that it knows the true identity
of our customers.
Presidential Bank supports all efforts to protect
and maintain the security of our customers and our country. We
cannot waive these requirements. |
