Regulatory Alerts2008-05-30 | ISGC-2008-006-DOBNotice of Unauthorized Use of “Banque” in “Kredit Banque Corporation”
The Washington State Department of Financial Institutions notified Kredit Banque Corporation that its corporate name violates state banking statutes because the term Banque constitutes an unauthorized alternative spelling of bank. The agency mandates that the company formally change its corporate name with the Secretary of State and cancel any associated trade name filings within thirty days. Continued use of the term or any non-English translation of banking-related words will be prosecuted as a gross misdemeanor, and the Department will not grant an exception to its standard naming policy.
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