The Dolores State Bank is aware of claims that banks will be required to report all deposits and withdrawals over $600 to the Internal Revenue Service. A component within the American Families Plan Tax Compliance Agenda and written testimony of Charles Rettig (Commissioner of the IRS) have caused concern among banks and their customers. However, this enhanced reporting requirement is merely a proposal and does not change the relationship between The Dolores State Bank and our customers. The Dolores State Bank remains committed to providing the highest level of customer service. With this commitment in mind, we will continue to monitor new legislation that could impact our customers and we encourage our customers to educate themselves about this proposal. Additional information can be found here.
We strongly encourage you to use Dolores State Bank’s digital tools for self-service banking and 24/7 account access. You can access your accounts online or by using the DSB Mobile app. From there, you can make payments, view transactions, check balances, deposit checks and more. Remember, we have ATMs and Drive-Thru banking available at all locations.
As always, the health, safety and well-being of our customers, our employees and our communities is of paramount concern. We continue to monitor this quickly evolving situation and are here to assist our customers as needed.