Beneficial Ownership - What to Know | Machias Savings Bank in ME

The Thrive Maine forgivable loan program administered by FAME opens at 9:00 a.m. on Tuesday, May 23nd and closes at 4:30 p.m. on Friday, June 23rd. Click here for details. 

Prepare to apply with resources and tools from FAME by clicking here.

By following this link, you will be leaving Machias Savings Bank's website. You may CONTINUE on or STAY here at our website.

CONTINUE STAY

By following this link, you will be leaving Machias Savings Bank's website. You may CONTINUE on or STAY here at our website.

CONTINUE STAY

By following this link, you will be leaving Machias Savings Bank's website. You may CONTINUE on or STAY here at our website.

CONTINUE STAY

Access Your Account

Skip to content.

Beneficial Ownership

Beneficial Ownership Banner

A little extra information is now required each time your Legal Entity opens or modifies a deposit account, loan or safe deposit box. With the increase of national security threats and money laundering activities, the U.S. Government passed a new law that requires all banks to obtain the name, address, date of birth, and other information that will help identify each beneficial owner and for an individual with authority to direct and control the legal entity.

What you need to know about Beneficial Ownership

To comply with the law, the above information and documentation will be required for:

• EACH individual that has 25% or more Beneficial Ownership in the Legal Entity; and,

• ONE individual that has Significant Managerial Control of the Legal Entity.

We thank you in advance for sharing this personal information with us so that we can comply with this new requirement. As always, protecting your privacy is our top concern and you can rest assured that all customer information will be stored securely.
Shared below are the form and general instructions to use when collecting the required information for beneficial owners. You can use this form in advance to identify the information you will need to open or modify existing accounts.

Beneficial Ownership Form

Have questions about Beneficial Ownership? Reach out to our Customer Service Department at 1-866-416-9302.

OUR FOCUS

As a customer of Machias Savings Bank, the focus is on you. We will enhance your banking relationship by working with you to discover your banking needs. We will be there when you need us.

 

© Machias Savings Bank. All rights reserved.

Member FDIC. Equal Housing Lender logo Equal Housing Lender.
Routing Number: 211274531
Domestic and International Wire Instructions
NMLS Number: 469539

Sign up for our Newsletter

Your privacy is very important to us. We will never trade, sell, or give away your personal information.