Thursday, October 13, 2005

Bank Names -FSB & NA (1-4)

Here's a comment from a staff member at another registry: We disagree with dropping FSB and NA per section 1-4. We have banks that put on documents changing their name from (example) Fitchburg Savings Bank to Fitchburg Savings Bank FSB (Book 1316 Page 1). We would not feel comfortable reverting back to their old name.

This comment would find support from our general indexing philosophy that says to enter data into the index the way it appears on the document. But there are exceptions. The "XYZ Corporation" is always entered as "XYZ CORP" because the word corporation must be abbreviated, regardless of how it appears on the document. We felt that the presence or absence of FSB or NA on a document had less to do with distinguishing between two different banks (as suggested in the comment's example) and more to do with FSB or NA not being a very important part of the name, for indexing purposes, at least. The Registers Association adopted this standard back at our June 2005 meeting without any controversy. If any readers have strong opinions about this rule (that both FSB and NA be omitted when indexing, please post a comment.

2 Comments:

Anonymous Anonymous said...

I agree that we should NOT drop the FSB or NA from a Bank's name. Comparing this to 'abbreviating' Corp is not a valid comparison. Dropping part of the name will only confuse instances where 'One Bank fsb' will be confused with 'One Bank na'. I vote to keep fsb and na on banks' names.

10:56 AM  
Blogger AMIT said...

Whats does Na mean?

Legal forum

6:13 AM  

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