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WHAT HAPPENS WHENEVER THE DELAWARE DIVISION OF CORPORATIONS WITH THE WORDS «BANK» OR «TRUST» OR A DERIVATIVE OF EITHER WORD IN THE CORPORATE NAME RECEIVES A CERTIFICATE OF INCORPORATION?

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WHAT HAPPENS WHENEVER THE DELAWARE DIVISION OF CORPORATIONS WITH THE WORDS «BANK» OR «TRUST» OR A DERIVATIVE OF EITHER WORD IN THE CORPORATE NAME RECEIVES A CERTIFICATE OF INCORPORATION?

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The Division of Corporations will forward the Certificate of Incorporation to the State Bank Commissioner or his designee prior to filing, pursuant to Title 8, Delaware Code, sections 126 and 395, and Title 5, Delaware Code, section 721. After review by the Commissioner or his designee, a recommendation will be made to the Division of Corporations indicating whether or not the name should be approved.

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