All locations will close at 2:00 this afternoon due to the threat of severe weather.

Please beware of phishing emails with the subject: First Citizens Bank: Loan Modification Approval

the phishing email is from the domain:  @loanmodificationapproval.com

This is a phishing attempt and recipients should not respond.

Here are 8 common characteristics of a phishing email:

1. An Unfamiliar Tone or Greeting
2. Grammar and Spelling Errors
3. Inconsistencies in Email Addresses, Links & Domain Names
4. Threats or a Sense of Urgency
5. Suspicious Attachments
6. Unusual Request
7. Recipient Did Not Initiate the Conversation
8. Request for Credentials, Payment Information or Other Personal Details

In 2021, Congress passed the Corporate Transparency Act on a bipartisan basis.  This law creates a new beneficial ownership reporting requirement as part of the U.S. government’s efforts to make it harder for bad actors to hide or benefit from their ill-gotten gains through shell companies or other opaque ownership structures.

Beginning on January 1, 2024 many companies in the United States will have to report information about their beneficial owners, i.e., the individuals who ultimately own or control the company.  They will have to report the information to the Financial Crimes Enforcement Network (FinCEN).  FinCEN is a bureau of the U.S. Department of the Treasury.

Please note:  FinCEN cannot accept reports before January 1, 2024.

Below are some helpful resources for our small business customers.

Main FinCEN BOI Site

Resources

Quick Reference Guide

Small Entity Compliance Guide

Frequently Asked Questions (FAQs)