As your community bank, we want our customers to know the facts, especially when it relates to concerning developments around public policy that exposes your financial privacy.
A proposal in Washington would require all community banks and other financial institutions to report to the IRS on business and personal account deposits and withdrawals regardless of tax liability.
This indiscriminate, comprehensive bank account reporting to the IRS can soon be enacted in Congress and would create an unacceptable invasion of privacy for our customers that could harm small businesses.
Let’s work together to spread the word about the flaws in this misguided proposal—on Capitol Hill and in local communities nationwide. #KeepMyBankingPrivate banklocally.org/privacy
