1. (1) The name of a financial institution may not contain any word or phrase that indicates or implies that the institution is organized for any purpose other than one or more of the purposes contained in the institution’s articles of incorporation.

2. (2) The name of the financial institution must be distinguishable from:

   1. (a) the name or reserved name of any domestic or foreign financial institution registered with the Secretary of State;
   2. (b) the name or reserved 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
   3. (c) any reserved, registered, or assumed business name currently on file with the Secretary of State.
3. (3) The department 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.
4. (4) A banking institution may transact business under one or more assumed business names if the assumed business names meet the requirements of this rule.

Authorizing statute(s): 32-1-218, 32-1-240, MCA

Implementing statute(s): 32-1-240, 32-1-242, MCA

History: NEW, 2025 MAR, Notice No. 2025-900, Eff. 9/13/25.