An Independent Bank with Big Abilities
Today’s business environment demands that you stand out from the crowd. At National Exchange Bank & Trust, we offer products and services to help you do just that.
Earning your trust every day — it’s our business.
Loans
Our knowledgeable commercial lenders, personal bankers and business services group will help you evaluate the unique needs of your business and provide you with the ultimate business package.
Accounts
From Small Business Checking to Organizational Checking, Business Money Market accounts to Not-for-Profit Checking, we have an account to fit your unique business needs.
Business Services
Our staff is here to evaluate your unique needs and match your business with our robust tools and resources. Use our Business Services Request Form for more information or to sign up for free eStatements.
Beneficial Ownership Information (BOI)
Have you filed with FinCEN?
Effective January 1, 2024, many companies in the U.S. must report information about their beneficial owners - the individuals who own or control the company - to the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury.
See more on the FinCEN website: fincen.gov/boi.
Who Has to Report?
Companies required to report are called reporting companies. Reporting companies may have to obtain information from their beneficial owners and report that information to FinCEN.
Who Does Not Have to Report?
Twenty-three types of entities are exempt from beneficial ownership information reporting requirements, including publicly traded companies, nonprofits, and certain large operating companies.
If you have any questions about this regulation, please reach out to your local National Exchange Bank & Trust for more information.
Please visit the FinCEN website linked above to prepare yourself with the appropriate information for application/account opening and the general guidelines that all financial institutions need to follow.
