Please note: Digital Banking Services will be unavailable due to scheduled maintenance from 12 AM until 8 AM on Sunday, October 24th.
Act Now: Oppose New IRS Reporting Requirements - While Country Bank typically does not raise issues occurring in Washington with our clients, Congress is considering requiring financial institutions to report detailed information on client bank accounts to the IRS. The Biden Administration is proposing a sweeping expansion of tax information reporting aimed at raising revenue to help offset the cost of additional spending programs in the American Families Plan. The proposal, if enacted, would require banks to report to the IRS detailed information on the inflows and outflows of every client account above $600. This raises serious questions about your right to privacy. We believe it is our duty to make you aware of this proposed regulation. Congress is expected to vote on this new proposal in the coming days. If you oppose such a proposal, we encourage you to contact your lawmakers at this link provided by the American Bankers Association: aba.social/ContactCongress
Please read more about our Banking Center update at Ware Walmart by visiting our locations page. Click here.
As a true community bank, Country Bank’s mission includes building a solid economic foundation for our region. That commitment is why we focus on delivering world-class products and services to families and businesses. Providing education on financial matters is also part of our mission, which is why we offer a variety of programs to improve the financial literacy of the next generation.
It is never too early to open an account today to help your child be ready for tomorrow! To open an account you will need these forms of identification.