Definition of a bank holding company
WebRelated to ANZ Bank HoldCo. Person means any individual, corporation, limited liability company, partnership, joint venture, association, joint-stock company, trust, unincorporated organization or government or any agency or political subdivision thereof.. Contract means the agreement that results from the acceptance of a bid by an organ of state; WebDefine 7819. Affiliate" means, in relation to any person, a subsidiary of that person or a Holding Company of that person or any other subsidiary of that Holding Company. "Agent" means Nordea Bank Abp, filial i Norge, acting in such capacity through its office at Xxxxxxxxxxxxxx 0, Xxxx, Xxxxxx, or any successor of it. "Agreed Form" means in …
Definition of a bank holding company
Did you know?
WebA financial holding company must notify the FRB within 30 days after making its initial merchant banking investment by filing either form F.R.Y-7A or F.R. Y-6A.8 As discussed below, a financial holding company need not report subsequent merchant banking investments unless the investment qualifies as a “large” merchant banking investment. WebFeb 27, 2024 · Financial Holding Company (FHC): A financial holding company is a type of bank holding company that offers a range of nonbanking financial services.
WebMar 3, 2024 · Holding Company: A holding company is a parent corporation, limited liability company or limited partnership that owns enough voting stock in another company to control its policies and … WebA Trust Company is an entity that is authorized by the Superintendent to exercise fiduciary (trust) powers. A trust may be a stand-alone entity or be part of a bank. These …
WebA bank holding company is a company that controls one or more banks, but does not necessarily engage in banking itself. The compound bancorp ( banc / bank + … WebAn Act to define bank holding companies, control their future expansion, and require divestment of their nonbanking interests. The Bank Holding Company Act of 1956 ( 12 …
WebA company that is the majority shareholder in at least one bank. A bank holding company controls the operations of the banks it owns. Bank holding companies have access to …
Web(other than a bank holding company) of, or agent for, an insured depository institution; 2. any other person who has filed or is required to file a change-in-control notice with the appropriate Federal banking agency under section 7(j); 3. any shareholder (other than a bank holding company), cipher\u0027s 17WebBank Holding Company A company that owns and/or controls one or more U.S. banks or one that owns, or has controlling interest in, one or more banks. A bank holding … dialysis access care handoutsWebSep 30, 2007 · Bank Holding Company Act of 1956. The Bank Holding Company Act (BHC Act) establishes the terms and conditions under which a company can own a … cipher\u0027s 19WebApr 7, 2024 · The Federal Deposit Insurance Corporation (FDIC) is a government agency created in 1933 to help reduce the likelihood of bank runs. Its purpose is to protect customers when banks fail and are ... cipher\u0027s 18Web2 Herein, the term ‘‘industrial bank’’ means any insured State-chartered bank that is an industrial bank, industrial loan company, or other similar institution that is excluded from the definition of ‘‘bank’’ in the Bank Holding Company Act pursuant to 12 U.S.C. 1841(c)(2)(H). State laws refer to both cipher\\u0027s 1aWebA foreign bank holding company will be considered to indirectly own or control voting shares of a bank if that bank holding company acquires more than 5 percent of any class of voting shares of another bank holding company. A bank holding company may make such an acquisition only with prior approval of the Board. dialysis access centerWebA Trust Company is an entity that is authorized by the Superintendent to exercise fiduciary (trust) powers. A trust may be a stand-alone entity or be part of a bank. These companies provide a number of fiduciary responsibilities. The "trust" name refers to the ability of the institution to act as a trustee – someone who administers financial ... dialysis access