Certified Regulatory Compliance Manager (CRCM) — Question 272

In which of the following cases would First National Bank be required to give a branch closing notice?

Answer options

• A. Removing its ATM from the local grocery store
• B. Opening a deposit-taking facility in a kiosk during a college fair for one weekend
• C. Moving its central branch across the street
• D. Closing its near-town neighborhood branch

Correct answer: D

Explanation

The correct answer is D because closing a branch requires a formal notice to affected customers. Options A, B, and C do not involve permanent branch closures, as they pertain to temporary or minor changes that do not require notification.