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Banking CRCM Exam
CERTIFIED REGULATORY COMPLIANCE MANAGER (CRCM) (Page 38 )

Updated On: 11-Jan-2026
Page 38 of 276
PDF with 463 Questions

Second National has decided to close one of its less profitable neighborhood branches. Which of the following actions is NOT required of the bank under federal law?

  1. Publish a notice of the closing in the local newspaper
  2. Send a notice to its regulatory agency
  3. Send notices to the branch customers
  4. Post a notice at the branch

Answer(s): A



In which of the following situations does a bank need to post a branch closing notice?

  1. A bank closes a branch temporarily because of heavy hurricane damage.
  2. A bank closes a branch in a suburban neighborhood because business has not adequately developed there.
  3. A bank decides not to exercise its option to purchase a branch it has been temporarily running for the FDIC as a part of a purchase of a failed institution.
  4. A bank closes a branch and moves it 850 feet down the street.

Answer(s): B



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

  1. Removing its ATM from the local grocery store
  2. Opening a deposit-taking facility in a kiosk during a college fair for one weekend
  3. Moving its central branch across the street
  4. Closing its near-town neighborhood branch

Answer(s): D



A subsidiary of First National Bank can legally participate in all but one of the following businesses. In which business may the subsidiary NOT legally participate?

  1. Selling securities
  2. Selling insurance
  3. Developing real estate
  4. Providing financial planning advice

Answer(s): C



First State Bank, a state nonmember institution, plans to purchase a company that would be a financial subsidiary of the bank. First State will send a notice to the FDIC of its proposed acquisition. Of the following factors, which one would NOT be relevant to the FDIC's consideration of the bank's acquisition?

  1. First State Bank's asset size
  2. Whether First State Bank is well capitalized
  3. First State Bank's CRA rating
  4. The impact of the acquisition on First State Bank's safety and soundness

Answer(s): A



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