ABOUT US

First Bank Beneficial Ownership Notice

Overview
Starting May 11th, 2018 all non-exempt First Bank business customers will be asked to provide certain information regarding the Beneficial Ownership of their business.  This change is due to a new regulatory requirement and requires non-exempt business customers to detail the beneficial ownership structure of their business as well as a controlling person for that business.

Why the change?
To help the government fight financial crime, federal regulation requires certain financial institutions to obtain, verify, and record information about the beneficial owners of legal entity customers. Legal entities can be abused to disguise involvement in terrorist financing, money laundering, tax evasion, corruption, fraud, and other financial crimes. Requiring the disclosure of key individuals who ultimately own or control a legal entity (i.e., the beneficial owners) helps law enforcement investigate and prosecute these crimes.

Who completes the form?
This form must be completed and signed by the person authorized to open a new account or otherwise act on behalf of a legal entity.  For the purposes of this form, a legal entity includes a corporation, limited liability company, or other entity that is created by a filing of a public document with a Secretary of State or similar office, a general partnership, and any similar business entity formed in the United States or a foreign country. Legal entity does not include sole proprietorships, unincorporated associations, or natural persons opening accounts on their own behalf.

What information is required?
This form requires you to provide the name, primary residence address, date of birth and Social Security Number (as applicable) as well as the name of the issuer and number of the driver’s license or passport for the following
individuals:
Beneficial Owner:
Each individual, if any, who owns, directly or indirectly, 25 percent or more of the equity interests of the legal entity customer.

AND

Controlling Person:
An individual with significant responsibility for managing the legal entity customer
The Certifying Person, by signing the form will attest to the completeness and accuracy of the populated information. The Certifying Person will also be required to provide on the form his/her full name and title. Other information may be requested as part of the bank’s standard account opening/maintenance processes.

 

Welcome Home to First Bank.

  • First Bank Cranbury

    2664 Route 130
    Cranbury, NJ 08512
    (609) 642-1064

    Click Here for more information
  • First Bank Denville

    530 E. Main St. (Route 53)
    Denville, NJ 07834
    (973) 625-1407

    Click Here for more information
  • First Bank Ewing

    1340 Parkway Avenue
    Ewing, NJ 08628
    (609) 643-0470

    Click Here for more information
  • First Bank Flemington

    334 Route 31
    Flemington, NJ 08822
    (908) 751-0318

    Click Here for more information
  • First Bank Hamilton

    2465 Kuser Rd., Suite 101
    Hamilton, NJ 08690
    (609) 528-4400

    Click Here for more information
  • First Bank Lawrence

    590 Lawrence Square Blvd. S.
    Lawrenceville, NJ 08648
    (609) 587-3111

    Click Here for more information
  • First Bank Pennington

    3 Tree Farm Road
    Pennington, NJ 08534
    (609) 281-5808

    Click Here for more information
  • First Bank Cinnaminson

    506 Route 130 North, Suite 1
    Cinnaminson, NJ 08077
    (856) 303-8899

    Click Here for more information
  • First Bank Delanco

    615 Burlington Ave
    Delanco, NJ 08075
    (856) 461-0611

    Click Here for more information
  • First Bank Somerset

    225 DeMott Lane
    Somerset, NJ 08873
    (732) 649-1999

    Click Here for more information
  • First Bank Randolph

    1206 Sussex Turnpike
    Randolph, NJ 07869
    (973) 895-5800

    Click Here for more information
  • First Bank Williamstown

    1020 North Blackhorse Pike
    Williamstown, NJ 08094
    (856) 728-3400

    Click Here for more information
  • First Bank Doylestown

    200 S. Main Street
    Doylestown, PA 18901
    (215) 589-6235

    Click Here for more information
  • First Bank Levittown

    7203 New Falls Road
    Levittown, PA 19055
    (215) 946-6314

    Click Here for more information
  • First Bank Trevose

    4966 Old Street Road
    Trevose, PA 19053
    (267) 984-4537

    Click Here for more information
  • First Bank Warminster

    356 York Road
    Warminster, PA 18974
    (215) 441-4118

    Click Here for more information
  • First Bank West Chester

    121 N. Walnut Street, Suite 320
    West Chester, PA 19380
    (484) 881-3800

    Click Here for more information