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Noah Bank, Noa Bank settle legal spat

Two community banks with similar names settled a legal fight that began when Elkins Park, Pa.-based Noah Bank filed a lawsuit alleging that Duluth, Ga.-based NOA Bank intentionally tried to confuse customers and prospects of Noah Bank in an effort to steal them away.

Noah Bank sued Noa Bank in April 2016 for alleged violations of the Lanham Act, including trademark infringement and a number of state law violations. The plaintiff also accused Noa Bank of unlawfully obtaining confidential information from a former Noah Bank executive that it hired. Noa Bank filed a counterclaim in May 2016.

The banks settled the matter without either admitting liability, and both agreed to take steps to avoid the possibility of future consumer confusion, according to a Dec. 26 press release.