SPECIAL NOTICE TO OUR CUSTOMERS 9/21/2021
We typically do not raise issues occurring in Washington with our customers. 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 detailed information on customer bank accounts to the IRS. This raises serious questions about Americans’ right to privacy.
Congress is expected to vote on this new proposal in the coming days.
Jersey State Bank is here to serve our customers and community. We encourage you to contact your lawmakers and express your opposition to this new, broad IRS reporting proposal. To assist with your response, a link is provided by the American Bankers Association: aba.social/ContactCongress
NOTICE: Per the State mandate to limit the transmission of COVID-19 we are asking our employees and customers to wear masks when inside our buildings.
Mark Shade is a LPL Financial Advisor through JSB Wealth Management and has been working in the financial services industry since 1984. Mark’s registrations include the series 6,7,26, 63, and 65, held with LPL Financial. Mark lives in Carrollton, Illinois with his wife Kollette. They have four children, Jessica, Jerrica and twin boys Kaleb and Dylan.
The states Mark is licensed in are: AR, AZ, FL, IL, IN, MO, NV, NY, OH, WV, WY.
Check the background of investment professionals associated with this site on FINRA’s Broker Check.
Securities and advisory services offered through LPL Financial, a Registered Investment Advisor, Member FINRA/SIPC. Insurance products offered through LPL Financial or its licensed affiliates. Jersey State Bank and JSB Wealth Management are not registered broker/dealers and are not affiliated with LPL Financial.