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Opening New Accounts Part 2: Business Accounts

Whether because of the complexity or the lack of frequency, opening business accounts seems to create the most angst for many bankers. Seminar participants gain confidence and a clear understanding of the regulatory, compliance, and overall documentation requirements for opening business accounts. With over 50 years of experience, Suzie Jones has a reputation for empowering new account representatives with the skills and tools to protect their organization while, at the same time, focusing on providing quality customer service. 

OnDemand
Recorded Thursday,
November 2nd, 2023
Presented by Suzie Jones
2h total length
$279.00 or 1 Token

Includes: 30 Days OnDemand Playback, Presenter Materials and Handouts

  • BSA
  • Compliance
  • CRA Compliance
  • Customer Service
  • Deposit
  • Deposit Accounts
  • Deposit Compliance
  • Fraud
  • General Compliance
  • Lending Compliance
  • Risk Management/Legal
  • Sales
  • Teller
  • Transaction Compliance
  • Bank Legal Counsel
  • Bank Secrecy Act Officer/BSA Specialist
  • Branch Manager
  • Compliance Officer
  • Consumer Lender/Retail Banker
  • Customer Service Representative
  • Deposit Operations Manager/Specialist
  • Loan Closer
  • Loan Operations Manager/Specialist
  • Marketing Officer/Business Development
  • New Accounts Representative
  • Private Banker
  • Risk Manager
  • Senior Management
  • Small Business Lender
  • Teller
  • Training Manager
  • Trainer

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To register for the full series, click here.

Con artists look for weaknesses in new account processes, especially when opening a business account. With complex business structures emerging, training is paramount to maintain diligence and update processes and procedures. This program is one of the most comprehensive seminars on opening new deposit accounts in the country. Suzie Jones, CFP®, who, with over 50 years of experience opening new accounts, managing, and leading successful new account teams, addresses the risks and provides solutions when opening business accounts! You will leave this session with a clear understanding of who has the legal authority to open simple and complex business accounts and with the tools to protect your bank!

What You'll Learn

  • Who has the legal right to represent each business structure?
  • External documentation - County and Secretary of State
  • When must a bank require a partnership agreement, operating agreement, minutes, or bylaws?
  • Which business structures are required to obtain an EIN, and which may use an SSN?
  • Sole Proprietorships | General Partnerships (GP) | Limited Partnerships (LTD) | Limited Liability Partnerships (LLP) | Limited Liability Limited Partnerships (LLLP) | Limited Liability Company (LLC) and Series LLC (LLC/SLLC) | Profit and Non-Profit Corporations
  • Process for removing an owner or non-owner as a signer on a business account
  • Who can access a business account at the death of a business owner or authorized signer?
  • Documenting complex business structures (Business Owned By Other Businesses)

Who Should Attend

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Suzie Jones

Instructor Bio

With over 40 years of banking experience, Suzie has a reputation as being extremely knowledgeable and high-energy with a unique ability to take technical information and make it interesting and applicable. After 22 years, Suzie recently retired as an Executive Vice President from a large regional bank where she provided overall leadership and risk management to the $11B Investments Division. For decades Suzie opened new accounts, managed new account teams, and provided hands-on input and leadership to the AML and BSA Committees within the bank. Suzie has a passion for sharing technical knowledge and lessons learned to provide risk management and promote excellence in the workplace. She partners nationally with individual banks, credit unions, private companies, small boutique firms, and provides training for 17 state bank associations.

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