Opinion No. 74-161 (1975) Ag

DOMESTICATION OF FOREIGN BANK A foreign bank may be domesticated in the State of Oklahoma for a limited purpose to conduct non-banking business as determined by the Oklahoma Department of Banking but it may not include the word "bank" or "savings bank" in its name while conducting such activities in the State of Oklahoma. The Attorney General is in receipt of your letter wherein you ask: "Whether a foreign bank can be domesticated in the State of Oklahoma for a limited purpose to conduct a non-banking business if that bank does not use the word 'bank' or 'savings bank' in its name while…