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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.
Opinions are mine and subject to change frequently

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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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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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