Salem Five Customer Identification Program

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As a result of the September 11 terrorist attacks, Congress enacted the U.S.A. PATRIOT act of 2001. In order to make it more difficult for terrorists and other criminals to use the country's financial system for illicit purposes, the law requires financial institutions to establish procedures to obtain, verify, and record information that identifies each person who opens an account.

What this means for you: When you open a deposit account, apply for a loan, or otherwise establish a formal banking relationship with Salem Five, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.

Please be assured that we will take every precaution to protect the confidentiality of the information and documentation you provide to us. We thank you for your understanding and your patience as we comply with the law.