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#661323 - 01/04/07 08:48 PM Signage for commercial lending building
Love those Regs Offline
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Joined: Apr 2002
Posts: 292
Southern State
I have a situation and need help - all commercial lenders have recently moved to a building of their own - not in a branch - and on a rare occasion believe they may accept a deposit from one of their customers to save the customer a trip to a branch. The deposits could be for personal accounts.

Do I need to place FDIC member signs and funds availability in this building? They won't "regularly or routinely" accept deposits but MAY if asked.
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#661387 - 01/04/07 09:51 PM Re: Signage for commercial lending building Love those Regs
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 79,294
Galveston, TX
I think signage is the least of your worries. What you have described constitutes branch banking under Federal and most State laws that I know of. I would be more concerned with operating a branch without a branch charter.
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