Oregon Organization to Conduct Banking Business; Stockholders, Directors and Officers
ORS 707.075
Banking institution name


(1)

The corporate name of a banking institution:

(a)

May not contain any word or phrase that indicates or implies that the banking institution is organized for any purpose other than one or more of the purposes contained in the banking institution’s articles of incorporation.

(b)

Must be distinguishable from:

(A)

The name of any banking institution, insured institution, extranational institution that has complied with the provisions of ORS 713.020 (Certificate of authority to conduct banking business) or 713.300 (Out-of-state bank, extranational institution or foreign association) or credit union, as defined in ORS 723.008 (“Credit union” defined for ORS 723.136 and 723.464 to 723.498); or

(B)

The name of:

(i)

Any corporation, professional corporation, nonprofit corporation, cooperative, limited liability company, limited partnership or business trust currently on file with the Secretary of State; or

(ii)

Any reserved, registered or assumed business name currently on file with the Secretary of State.

(2)

The director may refuse to permit a banking institution to use any name the director determines is not distinguishable from the name of a financial institution that is already lawfully engaging in banking business or making loans in this state.

(3)

A banking institution may transact business under one or more assumed business names if the assumed business names meet the requirements of subsection (1) of this section, unless the director determines that the assumed business names are not distinguishable from:

(a)

The name of any banking institution, insured institution, extranational institution that has complied with the provisions of ORS 713.020 (Certificate of authority to conduct banking business) or 713.300 (Out-of-state bank, extranational institution or foreign association) or credit union, as defined in ORS 723.008 (“Credit union” defined for ORS 723.136 and 723.464 to 723.498);

(b)

The name of any corporation, professional corporation, nonprofit corporation, cooperative, limited liability company, limited partnership or business trust currently on file with the Secretary of State; or

(c)

Any reserved, registered or assumed business name currently on file with the Secretary of State. [1985 c.762 §36; 1997 c.631 §37; 2015 c.244 §17]
Source
Last accessed
May. 15, 2020