Beneficial Ownership Information

Did you know your company may be subject to a new federal reporting requirement?

As of January 1st, 2024, many companies in the United States will be required to report information about their beneficial owners to the Financial Crimes Enforcement Network (FinCEN). This reporting requirement is in accordance with the Corporate Transparency Act, enacted by Congress in 2021.

For more information about which entities are required to report, as well as when and how to file a report, please click the link below.

Go to the FinCEN Beneficial Ownership Information Website

Grow Your Business with Bank of Oak Ridge

Bank of Oak Ridge offers a variety of business checking and money market options. You can even earn uChoose Rewards points when using your business debit and credit cards.

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Looking for a competitive CD? Contact us to learn about available rates and terms.