The bill, enacted as R.S. 6:356, establishes regulations regarding the use of a bank's name following mergers and consolidations in Louisiana. It allows the surviving or new federally insured state or national bank to continue using the name of the nonsurviving bank after its corporate existence ceases, provided certain conditions are met. These conditions include clear disclosure in signage and advertising that the facility is a branch or division of the insured institution, the use of the legal name of the insured institution in all legal documents, and educating staff about potential customer confusion regarding deposit insurance.

Additionally, the bill mandates that staff inquire about customers' existing deposits at other branches of the institution and obtain signed statements from depositors opening new accounts, acknowledging their awareness that all branches are part of the same insured institution and that their deposits are not separately insured. The bill will take effect upon the governor's signature or after the expiration of the time for bills to become law without signature.