§30 Change of name or location

Summary

A national bank can change its name if it sends written notice to the Comptroller of the Currency, but the new name must include the word "National". A national bank can move its main office to any approved branch inside the same city, town, or village by written notice. To move outside those local limits, it needs a vote of shareholders owning two-thirds of the stock and a certificate of approval from the Comptroller, and the new location cannot be more than thirty miles beyond the local limits. If a national bank moves its main office from one State to another after May 31, 1997, it may keep and operate branches in the State it left only as allowed under section 36(e)(2). If a Federal savings association converts its charter to a national bank or a State bank after November 12, 1999, it may keep the word "Federal" in its name as long as it stays an insured depository institution. Definitions used here: depository institution — a place that takes deposits; insured depository institution — a deposit-taking institution whose deposits are federally insured; national bank — a bank chartered under federal law; State bank — a bank chartered under state law.