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Are there any Illinois notice requirements regarding extending our hours at one of our branches? We plan to notify our customers about the change. – IBA Compliance Connection

IBA Compliance Connection

Your go to source for compliance!

Are there any Illinois notice requirements regarding extending our hours at one of our branches? We plan to notify our customers about the change.

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No, there are no notice requirements under Illinois or federal law regarding an expansion of branch hours, although we agree that it would be prudent to post advance notice of the changed hours in your main bank and branch lobbies. Your bank also may wish to update relevant advertising, listings and other information to reflect the new hours (as well as any disclosures and account agreements that reflect the previous hours).