Affiliated Bank definition

Affiliated Bank means a Bank which is an Affiliate of another Bank.

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Affiliated Bank means Comerica Bank-Illinois, Comerica Bank-California, Comerica Bank & Trust, F.S.B., Comerica Bank-Texas or any other financial institution which is or becomes a member of the controlled group of corporations within the meaning of Section 1563(a)(1) of the Code (or other successor provision of the Code defining the term "controlled group of corporations") of which Comerica Incorporated is the common parent corporation.

Affiliated Bank means a bank which is under contract with Bancontact Payconiq Company for Payconiq

Examples of Affiliated Bank in a sentence

• The Clearing Firm will, however, give priority to one additional Affiliated Bank in the Expanded Bank Deposit Sweep.

• For revocable and irrevocable trust accounts in the Bank Deposit Sweep Programs, regardless of the number of owners and beneficiaries, deposits are made initially only up to $248,000 at ▇▇▇▇▇ Fargo Bank, N.A. In the Standard Bank Deposit Sweep, any available cash in excess of $248,000 will be deposited at one additional Affiliated Bank.

• As a result, in the Standard Bank Deposit Sweep, deposits for joint accounts, regardless of the number of joint owners, will be made only up to $496,000 initially at ▇▇▇▇▇ Fargo Bank, N.A. and then any available cash in excess of $496,000 will be deposited at one additional Affiliated Bank, up to $496,000.

• In the Expanded Bank Deposit Sweep, deposits from joint accounts, regardless of the number of joint owners, will be made only up to $496,000 initially at ▇▇▇▇▇ Fargo Bank, N.A. and then any available cash in excess of $496,000 will be deposited up to $496,000 at each other Program Bank, which may include an Affiliated Bank.

• In the Standard Bank Deposit Sweep, deposits from each account will be made initially at ▇▇▇▇▇ Fargo Bank, N.A. up to $248,000, and then any available cash in excess of $248,000 will be deposited at one additional Affiliated Bank.

• As a result, in the Standard Bank Deposit Sweep, deposits for joint accounts, regardless of the number of joint owners, will generally be made only up to $496,000 initially at ▇▇▇▇▇ Fargo Bank, N.A. and then any available cash in excess of $496,000 will be deposited at each additional Affiliated Bank, up to $496,000 per Affiliated Bank.

• Any deposits that you maintain directly with a Program Bank, or through an intermediary (such as us or another broker), will be aggregated with your Standard Bank Deposit Sweep balances at each Affiliated Bank (or with your Expanded Bank Deposit Sweep balances at each Program Bank) for purposes of FDIC insurance coverage limits.

• The rates of interest paid on Affiliated Bank deposits will be periodically set and re-set by the Affiliated Banks in consultation with the Clearing Agent.

• As a result, in the Standard Bank Deposit Sweep, deposits for joint accounts, regardless of the number of joint owners, will be made only up to $496,000 initially at ▇▇▇▇▇ Fargo Bank, N.A. and then any available cash in excess of $496,000 will be deposited at each additional Affiliated Bank, up to $496,000 per Affiliated Bank.

• The Bank shall have the sole authority to enforce this Agreement on behalf of any such Affiliated Bank and the Trustee need not deal with any Affiliated Company except by dealing with the Bank or the Committee as its agent.

More Definitions of Affiliated Bank

Affiliated Bank means a state or national bank, having its main office in this state, more than fifty (50) percent of the voting stock of which is owned directly or indirectly by:

Affiliated Bank or “affiliated” shall mean that the banks are under common ownership, direction, or control. For the purposes hereof, affiliation shall be deemed to exist if the same person, entity or group owns or controls not less than twenty-five percent (25%) of the shares of any class of outstanding voting stock of the two or more banks entering into an agency relationship, exclusive of shares held in a fiduciary capacity.

Affiliated Bank means each of Bank One, N.A., Bank ▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇, ▇▇▇▇▇, N.A. and Bank One, Indiana, N.A.

Affiliated Bank means, in any instance in which the incorporator of a consumer credit bank is a bank, that bank, and, in any instance in which the incorporator of a consumer credit bank is a bank holding company as defined under the Federal Bank Holding Company Act of 1956, the principal banking subsidiary of such bank holding company.

Affiliated Bank means a bank which is under contract with Bancontact Payconiq