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IRM PROCEDURAL UPDATE DATE: 02/06/2024 NUMBER: wi0302240223 SUBJECT: Branch Name Change AFFECTED IRM(s)/SUBSECTION(s): 3.12.249 CHANGE(s): IRM 3.12.249.1(4) Changed Paper Processing Branch to Return
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How to fill out branch name change

01
Gather necessary documentation for the branch name change.
02
Complete the official application form for the branch name change.
03
Provide details regarding the current branch name and the new branch name.
04
Submit any required fees associated with the name change.
05
Obtain any additional approvals needed from higher management or regulatory bodies.
06
Update the branch signage and marketing materials to reflect the new name.
07
Notify clients and stakeholders about the branch name change.

Who needs branch name change?

01
Businesses that are rebranding or restructuring.
02
Temporary branches that need a permanent name.
03
Branches that have undergone mergers or acquisitions.
04
Branches changing focus or services that require a name change.
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A branch name change refers to the official alteration of the name under which a business branch operates, often to better reflect the services offered or to align with branding strategies.
Any business entity or organization that operates a branch and seeks to change its branch name is required to file a branch name change.
To fill out a branch name change, an entity must complete the designated application form, provide the current and new branch names, and submit any required documentation depending on jurisdictional requirements.
The purpose of a branch name change is to ensure that the business's branding is current, to better reflect its offerings, or to comply with legal or regulatory requirements.
Information that must be reported includes the current branch name, the new branch name, the reason for the change, and any relevant identification numbers or business licenses.
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