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 USA PATRIOT ACT

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT:

To help the government fight the funding of terrorism and money laundering activities, the USA Patriot Act requires all financial institutions to obtain, verify and record information that identifies each person (including business entities) who opens an account.

What this means for you: When you open an account, we will ask for your name, physical address, date of birth, taxpayer identification number, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents. We will let you know if additional information is required.

 
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Contact us at info@mutualbancorp.com

Mutual Federal Savings Bank has chosen not to participate in the FDIC's Transaction Account Guarantee Program. Customers of Mutual Federal Savings Bank with non-interest-bearing transaction accounts will continue to be insured through December 31, 2013 for up to $250,000 under the FDIC's general deposit insurance rules.


January 28, 2010

 

The "Transaction Account Guarantee Program" is a specialized program affording certain commercial clients with additional depository insurance protection above the existing $250,000 depository limits in place on this date.