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#2243254 - 09/29/20 03:24 PM Facebook and bank designation
Compliance504 Offline
Platinum Poster
Joined: Dec 2008
Posts: 727
Tennessee
I'm new to reviewing advertising for compliance....

On our Facebook page we categorize ourselves as a "Commercial Bank"....it's the category that shows underneath the bank's name in small grey letters....

I've noted other banks categorize themselves as just "Bank" or "Retail Bank"...

We are a local community bank....does this categorization matter?

As a local community bank, is there a problem with the categorization of Commercial Bank on Facebook?

I hope this question has made sense....

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#2243271 - 09/29/20 04:24 PM Re: Facebook and bank designation Compliance504
BrianC Offline
Power Poster
BrianC
Joined: Nov 2004
Posts: 6,685
Illinois
You'd have to ask Facebook if they care. From a compliance perspective, we're only interested in whether Member FDIC and EHL are displayed when required and if any products you market comply with Reg DD, Reg Z, non deposit investments, etc.
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#2243274 - 09/29/20 04:35 PM Re: Facebook and bank designation Compliance504
Compliance504 Offline
Platinum Poster
Joined: Dec 2008
Posts: 727
Tennessee
Thanks, Brian!

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