In accordance with Section 326 of the USA PATRIOT Act signed October 26, 2001, all persons are subject to the identity verification requirements even though they may be a long term customer of and well known to Bank of the Prairie.
For the purpose of the regulation, an “account” includes every formal banking relationship that entails ongoing services, dealings or transactions. Some examples are a deposit account, loan, trust relationship or safe deposit box rental.
If you request to open an account or become a signatory on an account with Bank of the Prairie and Bank of the Prairie has not previously verified your identity under the new regulatory requirements, Bank of the Prairie will request documentary verification of your identity, such as driver’s license or passport and/ or it will verify your identity through other nondocumentary methods. Similar identification requirements apply to business entities such as corporations or partnerships.
In all cases, protection of our customer’s identity and confidentiality is the Bank of the Prairie pledge to you.
Bank of the Prairie has agreed to comply with the Luxury Expenditure Policy of Prairie Star Bancshares, Inc. in accordance with the Executive Compensation Regulation 31 C.F.R Part 30. Click Here to see a copy of the Policy