Oregon Code § 707.075·Enacted ·Last updated March 01, 2026
Statute Text
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 institutions 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 or 713.300 or credit union, as
defined in ORS 723.008; 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 or 713.300 or credit union, as
defined in ORS 723.008;
(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]