Savings bank holding company means a company that directly or indirectly, or acting in concert with one or more other persons or through one or more subsidiaries, owns, controls, or holds with power to vote, or holds proxies representing more than 25 percent of the voting shares or rights of a savings bank or sav- ings bank holding company or controls in any manner whether by the holding of proxies or otherwise, the election of a majority of the directors of a savings bank or savings bank holding company.
Savings bank holding company means any company defined by Section 2001.35 of the Act. which directly or indirectly or through one or more subsidiaries controls a savings bank.