Skip to content
BOL Conferences

Thread Options
#2243018 - 09/24/20 12:56 PM Deposit Production Office (DPO)
dkm1982 Offline
Junior Member
Joined: Aug 2008
Posts: 34
We are thinking about opening a DPO and I am unable to find a clear answer on whether or not we can have an ATM at a DPO location. Can someone please provide some guidance on this?

Thank you!

Return to Top
Operations Compliance
#2243020 - 09/24/20 01:06 PM Re: Deposit Production Office (DPO) dkm1982
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 84,691
Galveston, TX
Might depend on what type of organization you are and where you are located - National Bank, State Bank, State law, etc. Normally, you can put an ATM wherever you want to however.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top
#2243067 - 09/24/20 05:24 PM Re: Deposit Production Office (DPO) rlcarey
dkm1982 Offline
Junior Member
Joined: Aug 2008
Posts: 34
We are a state bank. My concern is where it states, "may only solicit deposits....does not receive deposits, pay withdrawals, or make loans" because an ATM can receive deposits and make withdrawals.

Return to Top
#2243073 - 09/24/20 06:22 PM Re: Deposit Production Office (DPO) dkm1982
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 84,691
Galveston, TX
States where? What State are you in?
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top
#2243091 - 09/24/20 09:09 PM Re: Deposit Production Office (DPO) rlcarey
dkm1982 Offline
Junior Member
Joined: Aug 2008
Posts: 34
We are in Texas and I am looking at 7 TEXAS Admin.Code 3.93.
Last edited by dkm1982; 09/24/20 09:11 PM.
Return to Top
#2243092 - 09/24/20 09:35 PM Re: Deposit Production Office (DPO) dkm1982
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 84,691
Galveston, TX
An interesting question in Texas. I cannot locate any guidance. It might be the same as TN or it might not be: https://www.tn.gov/tdfi/bank-trust/banking/bank-bulletins/bulletin-b-05-4.html

Neither are considered a branch office in TX and whether combining the two would not be allowed is probably a question for the Department of Banking.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top
#2243103 - 09/24/20 10:09 PM Re: Deposit Production Office (DPO) rlcarey
dkm1982 Offline
Junior Member
Joined: Aug 2008
Posts: 34
Just wanted to confirm that I was not missing something.
Thank you!

Return to Top

Moderator:  Andy_Z, John Burnett