2.59.907    CLOSING OR RELOCATING A BRANCH BANK

(1) A Montana state-chartered bank that desires to relocate or close a branch temporarily or permanently shall give notice to its customers using the customer Notice of Relocation form dated June 29, 2020, or customer Notice of Closure form dated June 29, 2020. The forms are located at www.banking.mt.gov. A bank may amend the form as needed or include additional information in the form as appropriate.

(2) The relocation or closure form shall be provided to customers of the branch by posting it at the branch at least thirty days before the relocation or closure of the branch. The relocation or closure form shall be provided to the department at the same time. The bank shall also notify its customers at least thirty days before the relocation or closure, by any effective method.

(3) The department reserves the right to request additional information regarding closing or relocation of a branch.

History: 32-1-211, 32-1-218, 32-1-372, MCA; IMP, 32-1-211, 32-1-218, 32-1-372, MCA; NEW, 2020 MAR p. 1698, Eff. 9/12/20.