Banq

Architecture Interior: Banq. Banq (also Banc, banc-corp, bancorp, or bancorporation) is an intentionally erroneous spelling of the word bank, but pronounced the same way. It has been adopted by companies which are not banks but wish to appear as such, and satisfy legal restrictions on the usage of the word bank.

Banq Interior

In the United States, the commerce departments of state governments generally prohibit or restrict the use of certain words in the names of corporations unless those corporations are legitimate chartered banks. For example, words prohibited by the state of Louisiana include bank, banker, banking, savings, safe deposit, trust, trustee, and credit union.

Banq Interior

One notable example is a company called Cachet Banq, an ACH (automated clearing house) processing service that performs automated banking transactions for payroll processing. The company does not claim to offer any banking services, such as deposits or loans, and would only be able to legally include the word "bank" in its name in its home state of California with the approval of the California Department of Financial Institutions.

Banq Interior

Naming laws vary from jurisdiction to jurisdiction as well as their interpretations. Notable counter-examples include blood banks and sperm banks.

For instance, if the original company is known as Bank of America, then the new investment banking entity may be known as Banc of America Securities LLC. If the original company is known as Bank of Manhattan, then its insurance business might be known as "Banc of Manhattan Insurance" and its holding company might be called "Manhattan Bancorp". This practice originates from legal necessity: Under the laws of most states, a corporation may only use the word "bank" in its name if it has obtained a banking charter under state or federal banking laws.

Banq Interior

Located in the old Penny Savings Bank, Banq Restaurant capitalizes on the spatial and functional peculiarities of the space as a ground for speculation and invention. The wood slats are designed as a landscape, undulating in relation to the very equipment they conceal overhead, while encasing the columns in the main hall. The wine storage, in the middle of the hall, serves as another point of support for the ceiling, and acts as a monumental trunk, keeping the canopy aloft.

Type                  : Commercial - Restaurant

Location           : 1375 Washington St
                            Boston, 02138
                            United States

Building status : built in 2008

Site type           : urban

Building area    : 4800 sqft

A project by      : Office dA

                             Architecture, Interior