(1) The name of a domestic association, or the name authorized and used by a foreign association doing business in this state, shall terminate with the words “Savings Association,” “Savings and Loan Association” or “Savings Bank.” The name “Savings Bank” may be so used notwithstanding any other provision of Oregon law limiting or prohibiting the use of the name “Savings Bank” or “Bank.” A domestic or foreign association may not use the word “bank” to refer to itself or to any services it provides unless “bank” is modified by “savings.”
(2) In addition to the requirements of ORS 57.045 (4)(a) (1985 Replacement Part), the name of a savings association shall not so resemble the name of another savings association or an existing federal association doing business in this state or a bank as defined in ORS 706.008 as to be likely to cause confusion or mistake, or to deceive. This subsection applies only to:
(a) A domestic association formed after January 1, 1976.
(b) A foreign association issued a certificate of authority after January 1, 1976. [1975 c.582 §34; 1985 c.374 §2; 1985 c.728 §106; 1987 c.197 §11; 1997 c.631 §529]
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