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Topic: Bank holding company

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	Banking Information \| FRB Cleveland (Site not responding. Last check: 2007-09-11)
		Bank holding companies are regulated, at the federal level, by the Board of Governors of the Federal Reserve System, an independent agency.
		Bank holding companies are required by law and FRB regulation to file a series of financial reports, commonly referred to as the Y-Reports.
		The specific type and filing frequency of required reports filed by holding companies, depends upon the amount of total assets of the consolidated organization (i.e., the total assets of the holding company and all of its subsidiaries, including all DIs, mid-level holding companies and nonbank or nonthrift subsidiaries) and its complexity.
	www.clevelandfed.org /DS/Data/bhc.htm (193 words)

	US CODE: Title 12,1841. Definitions
		(A) No bank and no company owning or controlling voting shares of a bank is a bank holding company by virtue of its ownership or control of shares in a fiduciary capacity, except as provided in paragraphs (2) and (3) of subsection (g) of this section.
		“Company covered in 1970” means a company which becomes a bank holding company as a result of the enactment of the Bank Holding Company Act Amendments of 1970 and which would have been a bank holding company on June 30, 1968, if those amendments had been enacted on that date.
		Financial Holding Company.— For purposes of this chapter, the term “financial holding company” means a bank holding company that meets the requirements of section 1843 (l)(1) of this title.
	www.law.cornell.edu /uscode/12/1841.html (3159 words)

	BS&R: Bank Holding Company Supervision (01/22/2002): FRBSF
		The senior officer in charge of supervision has the responsibility to ensure that bank holding company assessments accurately reflect the condition of the holding company and its potential impact on the insured depositories.
		The surveillance program for small bank holding companies is a primary tool for identifying between reviews any potentially significant changes in the condition of these organizations and for targeting the work of any on-site reviews.
		For noncomplex holding companies with assets between $1 billion and $5 billion, an inspection, which may be targeted or limited in scope, is required at least once every two years, after which a complete rating is assigned.
	www.frbsf.org /banking/letters/2002/0122a.html (2003 words)

	Bank holding company - Wikipedia, the free encyclopedia
		A bank holding company, in the banking law of the United States, is any entity that owns 10% or more of a bank.
		Bank holding companies are required to register with the governors of the Federal Reserve System.
		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 Federal Deposit Insurance Corporation.
	en.wikipedia.org /wiki/Bank_holding_company (315 words)

	Expanding Small-Bank M&A Opportunies - Small Bank Holding Company / Community Banks
		In a second scenario, a publicly traded bank holding company with less than $500 million in assets that is unhappy with the increased regulatory burdens imposed by Sarbanes-Oxley, might rely on the Policy Statement to undertake a leveraged "going-private" transaction.
		In each of these scenarios, the holding company would service its acquisition debt with dividend income from its subsidiary bank(s), and would be required under the Policy Statement to reduce its debt-to-equity ratio to no more than 0.3 to 1 after 12 years.
		The holding company would not be permitted to pay dividends until its debt to equity ratio is reduced to 1 to 1 or less.
	www.gcglaw.com /resources/financial/small_bank_merger.html (792 words)

	US CODE: Title 12,1843. Interests in nonbanking organizations (Site not responding. Last check: 2007-09-11)
		Any bank holding company subject to such five-year limitation on the retention of nonbanking assets shall endeavor to divest itself of such shares promptly and such bank holding company shall report its progress in such divestiture to the Board two years after repeal of the exemption applicable to it and annually thereafter.
		A financial holding company that acquires any company or commences any activity pursuant to this subsection shall provide written notice to the Board describing the activity commenced or conducted by the company acquired not later than 30 calendar days after commencing the activity or consummating the acquisition, as the case may be.
		A financial holding company engaged in any activity, or retaining direct or indirect ownership or control of shares of a company, pursuant to this subsection, shall terminate such activity and divest ownership or control of the shares of such company before the end of the 10-year period beginning on November 12, 1999.
	www4.law.cornell.edu /uscode/12/1843.html (6492 words)

	Mass. Dept. of Revenue - Letter Ruling 88-13: Bank Holding Company Qualifying for Security Corporation Status
		Under the Bank Holding Company Act, a bank holding company is defined generally as a company that has power over 25% of a bank's voting securities or controls the election of a majority of the bank's directors or trustees or is found to have a controlling influence over the bank's management or policies.
		The federal statute thus requires a bank holding company to have the power to exercise control over a bank's (or another bank holding company's) activities, although it need not necessarily exercise that control.
		If it does, Holding would be entitled to treatment under § 38B(b), assuming, as you represent, that it is a bank holding company under the Internal Revenue Code and assuming that Holding timely applies to the Commissioner and obtains classification as a security corporation.
	www.dor.state.ma.us /rul_reg/lr/LR_88_13.htm (1290 words)

	School Work on reaction of bank holding company stock prices
		The purpose of this paper is to study the recent behavior of BHC stock prices given a dividend cut or omission and to compare their behavior with that during the period of initial cuts and omissions analyzed by Keen (1983).
		Indeed, a noted bank analyst has stated that "a bank that cuts its dividend is signalling the entire financial community that it has trouble that will not go away soon" (Nadler, 1977).
		Thus, compared with BHCs with little debt, a holding company with long-term debt outstanding is pressured by its debt holders to be thrifty in its dividend policy.
	www.123schoolwork.com /show_essay/221517.html (780 words)

	Bank of North Dakota: Lending Services
		Use of Proceeds - The purpose of a bank stock loan may be to acquire or refinance the purchase of bank stock or bank holding company shares of an institution located in the State.
		In the case of a bank holding company, pledging of the holding company stock as well as the stock of the bank itself is required as a general rule.
		In the case of either a bank stock or TOPS loan, BND may require cross-collateralization of the debt with any other related debt to which BND, the borrower, or any related entity may be a party.
	www.banknd.com /ls/ls_commercial8.jsp (652 words)

	Bank Director Magazine - Thrift Charters: Now You See Them, Maybe Tomorrow You Won`t
		As for the life insurance and investment banking industries, the thrift charters they own, and the hundreds of applications for charters for which they have filed, are necessary to allow them to be in the deposit-taking financial business.
		At the Federal Reserve, the thrift holding company issue is a direct attack on its ability to separate commercial companies from the financial companies (the basic reason the holding company statutes were enacted).
		In the legislation presented to the House by the combined House Banking and Commerce Committees early in March, however, it was proposed that the thrift charter be eliminated for all those that are not grandfathered and that the Fed would control thrift holding companies.
	www.bankdirector.com /issues/articles.pl?article_id=10003 (693 words)

	High Ranking Community Bank Holding Company
		WCN Bancorp, parent of Wood County National Bank, has consistently been ranked as one of the top community bank holding companies in the nation.
		This ranking, as compiled by US Banker Magazine, compares community bank holding companies with $150 to $500 million in total assets and ranks them using a variety of criteria ranging from profitability and asset quality to efficiency ratios, capital ratios and customer service satisfaction.
		The bank has been a major source of support to central Wisconsin in the form of charitable donations, and in the form of volunteer hours contributed by the company’s associates to a variety of local service clubs and charities such as the United Way and the Heart of Wisconsin Business and Economic Alliance.
	www.wcnbank.com /about_WCNB/1_community_bank.htm (452 words)

	Office of Advocacy - U.S. Small Business Administration - The Bank Holding Company Study, 1997
		The Bank Holding Company Study, 1997 is the third study of small business lending by bank holding companies (BHCs) in the United States.(2) This report is a companion to a more comprehensive study, Small Business Lending in the United States, 1997 Edition, the Office of Advocacy's "small-business-friendly banks" study.
		Of the $184 billion in small business loans outstanding from all banks, $68 billion was in 57 multi-billion-dollar bank holding companies (BHCs).(8) As a group, these BHCs accounted for almost 37 percent of small business loans under $250,000 and 66 percent of total domestic assets in the United States in June 1997.
		Banks with a similar capacity to lend, but responding to less regional demand for small business loans, may have a lower small business friendliness rating than banks responding to more demand.
	www.sba.gov /advo/stats/lending/1997/hd_int97.html (2792 words)


		An out of state bank holding company that acquires control of one or more Illinois banks or Illinois bank holding companies pursuant to Sections 3.061 or 3.071 shall not be deemed an Illinois bank holding company.
		A copy of the order shall also be served upon the bank holding company of which he is a director, officer, employee, or agent, whereupon he shall cease to be a director, officer, employee, or agent of that bank holding company.
		Any bank holding company may own, acquire or control, directly or indirectly, a corporation which has been or shall be incorporated under the general corporation laws of this State for the purpose of accepting and executing trusts under the Corporate Fiduciary Act.
	ilga.gov /legislation/ilcs/ilcs3.asp?ActID=1179&ChapAct=205&...+1957. (2140 words)

	HB0216 - Bank holding companies-amendments.
		3 a bank or of a bank holding company shall be reported to
		bank is subject to the inspection of the
		2 was not a bank holding company prior to the acquisition;
	legisweb.state.wy.us /2001/introduced/hb0216.htm (1085 words)

	Bank Holding Companies Directory
		Bank Holding Companies Link Center is the Number One Bank holding list available on the internet..
		Alliance Bancorp of New England - holding company for Tolland Bank.
		Rurban Financial - multi-bank holding company with commercial banking subsidiaries in northern Ohio.
	www.bankholding.com (901 words)

	Bank MHC - A Bank Mutual Holding Company Resource Center
		The non-stock mutual holding company, once regarded as an innovation, is becoming the industry standard form of organization for savings institutions that are mutal and wish to stay that way.
		The article trumpets as an "innovation" the ability to incorporate state corporator voting provisions in an OTS federal mutual holding company charter, an option John Funk of Gallagher Callahan and Gartrell first developed and implemented in the Mascoma mutual holding company reorganization in 1995.
		A veteran mutual-to-stock conversion expert reviews the mutual holding company structure from three perspectives — as a safe harbor, an acquisition vehicle and a stepping stone — and finds merit in all three.
	www.gcglaw.com /resources/bankmhc (683 words)

	FDIC: FDIC Law, Regulations, Related Acts - Bank Holding Company Act
		Exemption of company controlling one bank prior to July 1, 1968
		Bank holding company acquiring stock by dividends, stock splits or exercise of rights
		Policy on the responsibility of bank holding companies to act as sources of strength to their subsidiary banks
	www.fdic.gov /regulations/laws/rules/6000-100.html (1212 words)

	The Bank Holdings
		In 2003, Nevada Security Bank was reorganized into a one-bank holding company, The Bank Holdings.
		The Bank Holdings is now the largest bank holding company in Northern Nevada, and it has become a significant factor in the market.
		The decision to form The Bank Holdings has and will continue to enable us to provide superior returns to equity for our shareholders and provide superior financial products and services to our 'most valuable asset' -- our customers.
	thebankholdings.com (157 words)

	FDIC: FDIC Law, Regulations, Related Acts - Bank Holding Company Act
		(iv) during the period such shares, assets, or ownership interests are held, the bank holding company does not routinely manage or operate such company or entity except as may be necessary or required to obtain a reasonable return on investment upon resale or disposition.
		Board describing the activity commenced or conducted by the company acquired not later than 30 calendar days after commencing the activity or consummating the acquisition, as the case may be.
		(B) at the election of the financial holding company instead to cease to engage in any activity conducted by such financial holding company or its subsidiaries (other than a depository institution or a subsidiary of a depository institution) that is not an activity that is permissible for a bank holding company under subsection (c)(8).
	www.fdic.gov /regulations/laws/rules/6000-500.html (7321 words)

	THE CITIZENS BANK HOLDING COMPANY
		The bank began to grow, and in 1917, only nine years after it had begun, the national charter of “First National Bank” was surrendered for a state charter and the name became “The Citizens Bank”.
		In 1999, with approximately $360,000,000 in assets, it was The Citizens Bank who rang the bell at the American Stock Exchange, as traders had their first opportunity to buy stock in The Citizens Holding Company.
		Greg McKee, the President and CEO of The Citizens Bank, said it this way, “To have a great community bank, you must have faithful customers, you must have committed stockholders, and you must have dedicated, professional employees.
	www.citizensholdingcompany.com /history.htm (588 words)

	THE CITIZENS BANK HOLDING COMPANY
		Citizens Holding Company is the parent company of The Citizens Bank of Philadelphia.
		Citizens Holding Company's stock is listed on the American Stock Exchange as CIZ.
		The FDIC has given its approval for Citizens Holding Company to move forward in building a new branch bank location in Starkville, Mississippi, home to Mississippi State University.
	www.citizensholdingcompany.com (291 words)

	BOH - Disclosures (via CobWeb/3.1 planetlab2.netlab.uky.edu) (Site not responding. Last check: 2007-09-11)
		Among Sterling's family of financial services are its bank subsidiaries, Bank of Lancaster County, N.A. ("Bank of Lancaster County), Bank of Hanover and Trust Company, First National Bank of North East, Bank of Lebanon County, PennSterling Bank, Pennsylvania State Bank, and Delaware Sterling Bank and Trust Company.
		As a bank holding company, Sterling engages in general commercial and retail banking business through its bank subsidiaries and operated banking offices in south central Pennsylvania, northern Maryland, and northern Delaware.
		Bank of Hanover is an Equal Opportunity Lender, an Equal Housing Lender, and an Equal Opportunity Employer.
	www.bankofhanover.com.cob-web.org:8888 /disclosures.htm (169 words)

	Bank Holding Company Act of 1956 - Wikipedia, the free encyclopedia
		The Bank Holding Company Act of 1956 (12 U.S.C. et seq.
		) is a United States Act of Congress that regulates the actions of bank holding companies.
		This act required Federal Reserve Board approval for the establishment of a bank holding company and prohibited bank holding companies headquartered in one state from acquiring a bank in another state.
	en.wikipedia.org /wiki/Bank_Holding_Company_Act_of_1956 (110 words)

	MIB :: Midwest Independent Bank :: About Us :: Holding Company (via CobWeb/3.1 planetlab2.netlab.uky.edu) (Site not responding. Last check: 2007-09-11)
		In February of 1987, Bankers' Bancorporation of Missouri, Inc. consummated a stock exchange with Missouri Independent Bank (MIB) and became the parent one-bank holding company for MIB.
		The holding company was formed to give MIB more flexibility in the purchase back of its own stock, as well as flexibility in serving MIB customers with a full range of financial services.
		At the organizational meeting of the new holding company, Camden R. Fine was elected President/CEO.
	www.mibanc.com.cob-web.org:8888 /html/holdingcompany.htm (272 words)

	PRESS RELEASE Boardwalk Bank Completes Bank Holding Company Formation (Site not responding. Last check: 2007-09-11)
		The bank holding company formation was previously approved by shareholders at the 2006 Annual Meeting of Shareholders held on April 27, 2006.
		Boardwalk Bancorp, Inc. intends to mail to shareholders and warrant holders a letter of transmittal and instructions related to the exchange of certificates of Boardwalk Bank common stock and Boardwalk Bank warrant certificates for holding company common stock and warrant certificates.
		Boardwalk Bancorp, Inc. does not undertake, and specifically disclaims, any obligation to publicly release the results of any revisions that may be made to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements, except as required under applicable law.
	www.marketwire.com /mw/release_html_b1?release_id=141097 (436 words)

	bank holding company Definition
		A company that owns two or more banks.
		Learn about the basics of banking, as well as alternatives to banks, such as credit unions, brokerages and mutual funds.
		Within the last decade, online banking has exploded in popularity, and revolutionized the industry, but some banks offer better services than others.
	www.investorwords.com /408/bank_holding_company.html (147 words)

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