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LouisianaSB 5212026 Regular SessionSenateWALLET

BANKS/BANKING: Provides relative to the name of a bank. (gov sig)

Sponsored By: Gerald Boudreaux (Democratic)

Signed by Governor

Commerce

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Clearer bank identity disclosures after mergers

After a merger or consolidation, a federally insured state or national bank can keep using the former state bank’s name. Once the former bank ceases to exist, that name can be used only as a division of the surviving or new bank. Signs, ads, and similar materials must clearly identify the facility as part of that insured bank without misleading customers. Legal and account papers must use the insured bank’s legal name, including deposit certificates, signature cards, loans, statements, checks, and drafts. Banks must train staff about deposit insurance confusion and ask new-account customers about deposits at the bank’s other locations. Soon after a merger or acquisition, staff must be reminded to point customers to the bank-identity disclosures. New-account depositors at the branch must sign an acknowledgment that its locations belong to one bank and deposits are not separately insured. The law took effect upon the governor’s signature.

Sponsors & Cosponsors

Sponsor

  • Gerald Boudreaux

    Democratic • Senate

Cosponsors

  • Tehmi Jahi Chassion

    Democratic • House

Roll Call Votes

All Roll Calls

Yes: 150 • No: 0

House vote • 5/12/2026

Read third time by title, amended, roll called on final passage, yeas 97, nays 0. Finally passed, ordered to the Senate.

Yes: 97 • No: 0

House vote • 5/5/2026

Reported with amendments

Yes: 14 • No: 0

Senate vote • 4/13/2026

Senate floor amendments read and adopted. Read by title and passed by a vote of 39 yeas and 0 nays; ordered reengrossed and sent to the House. Motion to reconsider tabled.

Yes: 39 • No: 0

Actions Timeline

  1. Signed by the Governor. Becomes Act No. 525.

    5/29/2026Senate

  2. Effective date 5/29/2026.

    5/29/2026Senate

  3. Signed by the Speaker of the House.

    5/25/2026House

  4. Sent to the Governor by the Secretary of the Senate.

    5/21/2026Senate

  5. Enrolled. Signed by the President of the Senate.

    5/20/2026Senate

  6. Read third time by title, amended, roll called on final passage, yeas 97, nays 0. Finally passed, ordered to the Senate.

    5/12/2026House

  7. Received from the House with amendments.

    5/12/2026Senate

  8. Scheduled for floor debate on 05/12/2026.

    5/11/2026House

  9. Read by title, amended, passed to 3rd reading.

    5/7/2026House

  10. Reported without Legislative Bureau amendments.

    5/6/2026House

  11. Reported with amendments (14-0). Referred to the Legislative Bureau.

    5/5/2026House

  12. Read by title, under the rules, referred to the Committee on Commerce.

    4/15/2026House

  13. Received in the House from the Senate, read by title, lies over under the rules.

    4/14/2026House

  14. Senate floor amendments read and adopted. Read by title and passed by a vote of 39 yeas and 0 nays; ordered reengrossed and sent to the House. Motion to reconsider tabled.

    4/13/2026Senate

  15. Read by title. Ordered engrossed and passed to third reading and final passage.

    4/8/2026Senate

  16. Substitute for Senate Bill No. 175. Read by title and placed on the Calendar for a second reading.

    4/7/2026Senate

Bill Text

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