The bill enacted as R.S. 6:356 establishes regulations regarding the use of a bank's name following mergers and consolidations. It allows the surviving or new federally insured state or national bank to continue using the name of the nonsurviving state 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 facilities of the institution before opening new accounts and requires depositors to sign a statement acknowledging that they understand the branch is part of the same insured institution and that their deposits are not separately insured. The act will take effect upon the governor's signature or after the specified time frame if not signed.