Patriot Act


IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING OR CHANGING AN ACCOUNT WIT​H NATIONAL BANK OF COMMERCE

Section 326 of the USA PATRIOT ACT requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account or changes an existing account. This federal requirement applies to all new customers and current customers. This information is used to assist the United States government in the fight against the funding of terrorism and money-laundering activities.

What this means to you: when you open an account or change an existing account, we will ask each person for their name, physical address, mailing address, date of birth, and other information that will allow us to identify them. We will ask to see each person’s driver’s license and other identifying documents and copy or record information from each of them.

If you have any questions about what we require to comply with the USA Patriot Act, call, click or stop by any of our branch offices today.
Phone: 715.394.5531
Email: info@nbcbanking.com
 
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 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.

We proudly support all efforts to protect and maintain the security of our customers and our country.
Your financial safety is our top priority. Read more about how we do our part to keep your banking safe:
Fraud and Theft protection policies

  • How to deal with stolen or lost ATM cards, debit cards or checkbooks
  • Phone and internet spam
  • Email fraud or phishing
  • Identity theft
  • Fraud protection tips
 
Privacy Policy
  • What National Bank of Commerce does with your personal information
  • What personal information National Bank of Commerce collects
  • Why National Bank of Commerce collects personal information and how it is used
  • How National Bank of Commerce protects your personal information

Internet Privacy Policy
Social Media Policy
Terms of Use
 
National Bank of Commerce is the area’s largest locally owned community bank and headquartered in downtown Superior with offices in Duluth, Hermantown, Midtown Superior, Poplar and Solon Springs.