Ohio Administrative Code › Title 1301:1 - Division of Financial Institutions: Banks › Chapter 1301:1-1 - Notice of Meetings of the Banking Board › Section 1301:1-1-04 - Designations and names that include "bank," "banker," "banking," "savings association," "savings and loan," "savings bank," or "trust"

Current through all regulations passed and filed through July 1, 2024
(A) The
			 prohibitions in section
			  1101.15 
			 of the Revised Code apply to all names and designations under which business is
			 done in this state, including legal names, fictitious names, trade names, trade
			 marks, and service marks, and to all business forms, including corporations,
			 partnerships, limited liability companies, and sole proprietorships.
(B) The prohibitions in section
			  1101.15 
			 of the Revised Code apply to all names or designations that include "bank,"
			 "banker," "banking,"
								"savings association,"
			 "savings and loan," "building and loan," "savings bank," or "trust"
			 whether as standalone words, compound words, fanciful words, words with
			 prefixes or suffixes, or words with extensions, such as ".com" or ".org."
(C)
(1) A
			 designation or name that includes "bank," "banker,"  "banking,"
			 "savings association," "savings and loan," "building
			 and loan," or "savings bank" is likely to mislead the public if, in the
			 opinion of the superintendent of financial institutions, the listener or reader
			 would reasonably understand the designation or name as the designation or name
			 of a bank, without regard to whether there is, has been, or may be a bank by
			 the designation or name being used.
(2) The superintendent may determine a name
			 that includes "bank," "banker," 
			 "banking," "savings
			 association," "savings and loan," "building and loan," or "savings bank"
			 is not likely to mislead the public, i.e., the listener or reader would not
			 reasonably understand the designation or name as the designation or name of a
			 bank, in any of the following circumstances:
(a) If, in the opinion of the superintendent,
			 the designation or name, on its face, clearly identifies the user as something
			 other than a bank;
(b) If, in the
			 opinion of the superintendent, the use of "bank," "banker,"
			  "banking,"
			 "savings association," "savings and loan," "building
			 and loan," or "savings bank" in the designation or name merely indicates
			 an association or affiliation with one or more banks or bankers, a geographic
			 reference, or the proper name of a natural person;
(c) If, in the opinion of the superintendent,
			 the designation or name, on its face, is one that is commonly understood not to
			 involve financial services or activities, such as "food bank," "blood bank," or
			 "eye bank";
(d) If, in the case of
			 a company that controls one or more banks, the designation or name, on its
			 face, includes the designation or name of a bank the company controls at the
			 time the company uses the designation or name that includes "bank," "banker,"
			 or "banking" and something more that distinguishes the designation or name of
			 the company from the designation or name of the bank.
(3) In determining whether a designation or
			 name that includes "bank," "banker," "banking," "savings association," "savings and loan," "building and
			 loan," or "savings bank" is not likely to mislead the public, it is not
			 relevant whether the user of the designation or name is operating for profit or
			 not.