DSB

USA PATRIOT Act Notice

On October 26, 2001, President George W. Bush signed into law the USA Patriots Act. This act was established to protect you, your family and our Country from terrorism by preventing the financing of terrorist organizations.

One section of that act (section 326) requires DeMotte State Bank to verify the identity of all new customers and to verify the identity of non-customers added as signatories on accounts. In addition to verifying identification, in some cases, DSB must also keep copies of the documents used to verify your identity. Any copies of documents used to verify identify will be secured in compliance with the DeMotte State Bank Privacy Policy. If you are an existing customer, DSB may also need to verify and retain copies of any documents used to verify identity when you request a new account or service.

Customer Identification Procedures

Required Information/Documentation to Open Accounts/Loans

Individuals

We will obtain and verify the identity of the person with a photo ID - most commonly a driver's license.

  1. Name
  2. Date of birth for the individual
  3. Residence of individual as well as mailing address if different from their residence. Residence for an individual as well as their mailing address will now include an Army Post Office or Fleet Post Office Box number or the residential or business street address of next of kin or of another contact individual.
  4. Identifying document (driver's license) state, license number, expiration date
  5. Social Security Number
  6. Address of ACP Sponsoring Agency (Address Confidentiality Program)

Business (Corporation, Partnership, LLC, Trust, etc.)

We will obtain the identifying information of the individual(s) with signatory authority over the account, and principal place of business, and if different, the mailing address.

  1. Certificate of existence or documentation verifying proof of application or renewal
  2. Employer identification number (EIN) or a copy of the EIN application
  3. Completed resolution listing the specific authority for each individual

Alternative Documents for US Citizens

  • Social Security card
  • Medicare/Medicaid card
  • Passport
  • Real estate tax receipt
  • State issued ID card
  • Student ID card
  • Employment ID with photo
  • Birth Certificate
  • Credit card with photo
  • Interim/Extension Credential (along with old driver’s license)

Preference for an alternative document would be one which includes a photo.

Identifying Documents for a Non-US Citizens

  • US taxpayer ID number
  • Passport
  • Mexican ID card (Matricula Consular)
  • Alien ID card

Number and country of issuance of any other government document evidencing nationality or residence and bearing a photograph or similar safeguard.