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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Related to Commonly owned banks

  • Voting Stock of any Person as of any date means the Capital Stock of such Person that is at the time entitled to vote in the election of the Board of Directors of such Person.

  • Publicly owned treatment works or “POTW” means any device or system used in the treatment (including recycling and reclamation) of municipal sewage or industrial wastes of a liquid nature which is owned by a “State” or “municipality” (as defined by section 502(4) of the CWA). This definition includes sewers, pipes, or other conveyances only if they convey wastewater to a POTW providing treatment.

  • Women-owned business concern means a concern which is at least 51 percent owned by one or more women; or in the case of any publicly owned business, at least 51 percent of its stock is owned by one or more women; and whose management and daily business operations are controlled by one or more women.

  • Wholly Owned Subsidiary of any Person means a Subsidiary of such Person, 100% of the outstanding Equity Interests of which (other than directors’ qualifying shares) shall at the time be owned by such Person or by one or more Wholly-Owned Subsidiaries of such Person.