USA PATRIOT Act
The USA Patriot Act was signed into law on October 26, 2001, to help the government fight the funding of terrorism and money-laundering activities. Merchants National Bank, like all financial institutions, is required by U.S. Federal law to obtain, verify and record information that identifies each person (individuals or businesses) who opens an account. This means that when you open an account, we will ask for your name, address (no P.O. Boxes), date of birth, social security number, drivers’ license or other identifying documents and other information that will allow us to identify you. If you are opening an account on behalf of a business entity, documents relating to the business may also be requested. We may need to contact you to provide additional information or documents for identity verification purposes. If our verification efforts cannot confirm any part of your identification information, an account representative will contact you by telephone or by mail in an attempt to clarify the inaccuracy with you.