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Insurance Definition: BANK HOLDING COMPANY

By Compuquotes Team on March 27th, 2008

BANK HOLDING COMPANY:

Definition:

  • A company that owns or controls one or more banks. The Federal Reserve has responsibility for regulating and supervising bank holding company activities, such as approving acquisitions and mergers and inspecting the operations of such companies. This authority applies even though a bank owned by a holding company may be under the primary supervision of the Comptroller of the Currency or the FDIC.

Information provided by Insurance Information Institute

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