<p><a id="BeneficialOwnership"></a>Beneficial Ownership</p>
Beneficial Ownership
What information is required?
<p>Name, physical address, date of birth, social security number, and identification documents for:</p>
<ul>
<li>Each individual that owns 25% or more of the legal entity; and</li>
<li>One individual that has significant managerial responsibility for the legal entity, such as a CEO, CFO, managing member, etc. This individual may also be an owner.</li>
</ul>
What is a legal entity?
<p>Legal entities are any entities which are formed by filing documentation with a Secretary of State or similar office. Examples include, but are not limited to:</p>
<ul>
<li>Corporations,</li>
<li>Limited liability companies,</li>
<li>Limited partnerships, and</li>
<li>General partnerships.</li>
</ul>
<p>Examples of entities which are not considered legal entities, or are exempt include:</p>
<ul>
<li>Sole proprietorships,</li>
<li>Unincorporated associations,</li>
<li>Most trusts (excluding statutory trusts),</li>
<li>Government entities,</li>
<li>Publicly traded companies, and</li>
<li>Companies registered with the SEC.</li>
</ul>
<p>Entities which are exempt may be requested to provide proof of exemption status.</p>
When must the information be provided?
<p>Beneficial owner information must be provided prior to opening a new loan, deposit or Financial Services account, any time account signers are changed, or as otherwise requested by the bank.</p>
How will the bank collect the information?
<p>The bank will provide a certification form. The individual requesting the account to be opened must supply and certify the accuracy of the information at the time of account opening or when requesting maintenance.</p>
Who can assist customers with questions?
<p>Customers should contact their branch, relationship manager or the ANB Customer Care Center at 866-433-0282.</p>