Commonly owned banks definition

Commonly owned banks means 2 or more banks that each
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Commonly owned banks means 2 or more banks that each qualify as a bank subsidiary of the same bank holding company pursuant to Section 18 of the Federal Deposit Insurance Act; "commonly owned bank" refers to one of a group of commonly owned banks but only with respect to one or more of the other banks in the same group.
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Commonly owned banks means two or more banks that are ultimately owned by a single bank holding company such that the bank holding company owns...not less than 80% of...voting stock...; "commonly owned bank" refers to one of a group of commonly owned banks but only with respect to one or more other banks in the same group. (emphasis added)
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More Definitions of Commonly owned banks

Commonly owned banks means 2 or more banks that each qualify as a bank subsidiary of the same bank holding company
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Commonly owned banks means 2 or more banks that each qualiEy as a bank subsidiary oE the same bank holding company pursuant to Section 18 oE the Federal Deposit Insurance Act; "commonly owned bank" reEers to one oE a group oE commonly owned banks but only with respect to one or more oE the other banks in the same group.
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Related to Commonly owned banks

  • Women-owned business means a business that is at least 51 percent owned by one or more women who are U.S. citizens or legal resident aliens, or in the case of a corporation, partnership, or limited liability company or other entity, at least 51 percent of the equity ownership interest is owned by one or more women who are U.S. citizens or legal resident aliens, and both the management and daily business operations are controlled by one or more women.

  • Women Owned Business Enterprise or "WBE" means a firm awarded certification as a women owned and controlled business in accordance with City Ordinances and Regulations as well as a firm awarded certification as a women owned business by Cook County, Illinois. However, it does not mean a firm that has been found ineligible or which has been decertified by the City or Cook County.

  • Minority-owned business means a business concern which is at least 51% owned by one or more minority persons, or in the case of a corporation, at least 51% of the stock in which is owned by one or more minority persons; and the management and daily business operations of which are controlled by one or more of the minority individuals who own it.

  • Minority Owned Business Enterprise or "MBE" means a firm awarded certification as a minority owned and controlled business in accordance with City Ordinances and Regulations as well as a firm awarded certification as a minority owned and controlled business by Cook County, Illinois. However, it does not mean a firm that has been found ineligible or which has been decertified by the City or Cook County.