YOU ASK:

What is the definition of Bank Holding Company?

WE ANSWER:

A Bank Holding Company is a company that has ownership or control over one of more banks. Control would refer to the holding company's having a controlling interest in a bank.

The government (the Federal Reserve in particular) is responsible for supervising and regulating the activities of a bank holding company. This includes looking into and approving any acquisitions and mergers the bank holding company gets into, as well as inspecting the company and their operations. This responsibility is in place, even when the bank is supervised by the Federal Deposit Insurance Corporation (FDIC) or a different federal agency, such as the Comptroller of the Currency.

Was this insurance question and its answer useful?
Not a bit
  • Currently 0/5 Stars
  • 1
  • 2
  • 3
  • 4
  • 5
 Very useful
Have an Insurance Question? Ask For Insurance
Insurance glossary by alphabet:
  1. A |
  2. B |
  3. C |
  4. D |
  5. E |
  6. F |
  7. G |
  8. H |
  9. I |
  10. J |
  11. K |
  12. L |
  13. M |
  14. N |
  15. O |
  16. P |
  17. R |
  18. S |
  19. T |
  20. U |
  21. V |
  22. W |
Link this answer Email to a friend Print Bookmark or Share