In Which of the Following Cases Is a Branch Closing

question 229

Multiple Choice

In which of the following cases is a branch closing notice required?

• A) Bank A decides to stop cashing checks for noncustomers at its neighborhood branch.
• B) Bank B and Bank C merge. Each has a branch in the near-town neighborhood. The merged organization is closing the branch that was formerly Bank B and merging it into the branch that was formerly Bank C.
• C) Bank D is closing its drive-through facilities in its near-town neighborhood branch, although its regular facility is remaining.
• D) Bank E is closing its near-town facility because of its outmoded building and equipment. Bank E has commissioned a study from a local development center to determine if it is feasible to re-open its branch in the future.

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Definitions:

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