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Exam CRCM topic 1 question 293 discussion

Actual exam question from ABA's CRCM
Question #: 293
Topic #: 1
[All CRCM Questions]

In which of the following cases is a branch closing notice required?

  • A. Bank A decides to stop cashing checks for noncustomers at its neighborhood branch.
  • B. Bank B and Bank C merge. Each has a branch in the near-town neighborhood. The merged organization is closing the branch that was formerly Bank B and merging it into the branch that was formerly Bank C.
  • C. Bank D is closing its drive-through facilities in its near-town neighborhood branch, although its regular facility is remaining.
  • D. Bank E is closing its near-town facility because of its outmoded building and equipment. Bank E has commissioned a study from a local development center to determine if it is feasible to re-open its branch in the future.
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Suggested Answer: D 🗳️

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Cam22
2 months ago
Selected Answer: D
D is correct
upvoted 1 times
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