How banks work. Starting a Bank Charter: Application and Other Details. Part9

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Published at : 27 Dec 2020
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How banks work. Starting a Bank Charter: Application and Other Details. Part9

There are still some details that have to be determined before you can submit your charter application. For instance, what are you going to call your bank? You have to come up a with a name that is different enough from other bank names to avoid confusion. You also need to think about whether you want the word "bank" in the name, and whether you want the geographic region in the name. Regardless of the name you choose, you have to verify that the name is not being used by any other corporations -- which leads us to the fact that you have to become incorporated.
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