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House approves bill letting FDIC-insured ILCs and banks use 'bank' or 'Savings Bank' in names
Utah House of Representatives · January 27, 1997
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Summary
House Bill 26 authorizes FDIC‑insured Industrial Loan Corporations and banks to use 'bank' or 'Savings Bank' in their public names; sponsor Bradshaw said the change supports Utah’s financial-industry growth. The House approved the bill 67–2 after debate and declarations of conflict of interest by several members.
Representative Bradshaw introduced HB26, which amends naming rules to permit FDIC‑insured Industrial Loan Corporations (ILCs) and FDIC‑insured banks and ILCs to use the term "bank" or "Savings Bank" in…
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