Skip to main content
OVCB & ESCB Rotating Logo
acorn & leaf footer

Beneficial Ownership

Beneficial Ownership Rules

beneficial ownership


Effective May 11, 2018, new rules under the Bank Secrecy Act were enacted to aid the government in the fight against crimes, often used by legal entities, to evade financial measures that were designed to combat terrorism and other national security threats.

EACH time an account is opened for a 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. We may also ask to see a copy of a driver's license or other identifying document for each individual.

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.

We proudly support all efforts to protect and maintain the security of our customers and our country.

Home | Personal Banking | Commercial Banking | Investments | Online Banking | Banking Resources | About Us
Branches | Careers | Contact Us | Stock Price | Privacy Statement | Security Statement | Sign In
1-866-844-7500 | Customer Service | © 1999- Oak Valley Community Bank. All Rights Reserved
Equal Housing LenderEQUAL HOUSING LENDER | MEMBER FDIC | Get Adobe Reader
OVCB ESCB Logo Footer

Oak Valley Community Bank Eastern Sierra Community Bank