Our goal is to make your business banking relationship easier and more efficient. Get the most from your business deposits with Mechanics Cooperative Bank.

However you like to bank, Mechanics Cooperative Bank has the perfect solution.

To comply with new federal regulations, the Bank will be collecting additional information from our business customers that will include ownership and control person identification. This information will be used to help the government fight financial crime and the rule requires U.S. 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 own or control a legal entity helps law enforcement investigate and prosecute these crimes. We ask that you please have this information ready when you come in to open your account. We appreciate your business and thank you for your cooperation. Please contact us directly with any questions.