News & Information

New Federal Reporting Requirement for Beneficial Ownership Information (BOI)

Beginning on January 1, 2024, many companies in the US will have to start reporting information about their beneficial owners to the US Treasury. Existing businesses will have until January 1, 2025 to file their initial report. However, companies created/registered on or after January 1, 2024 must report their BOI within 90 calendar days.

For more information, please visit www.Fincen.gov/boi

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Commercial Bank’s environmentally friendly eStatements allow you to securely view checking, savings, and loan statements online.

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