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In the United States, a bank holding company, as provided by the Bank Holding Company Act of 1956 ( 12 U.S.C. § 1841 et seq. ), is broadly defined as "any company that has control over a bank". [2] All bank holding companies in the US are required to register with the Board of Governors of the Federal Reserve System .
Suburban Bancorp, Inc. was a publicly traded multibank holding company headquartered in suburban Chicago. It was founded by Gerald F. Fitzgerald, father of former U.S. Senator Peter Fitzgerald, and majority owned by the Fitzgerald family. [1] Bank of Montreal acquired Suburban Bancorp, Inc. by merger in 1994.
Gerald Francis Fitzgerald (July 6, 1925 – October 30, 2010) was an American banker and father of former U.S. Senator Peter Fitzgerald.Gerald Fitzgerald was the founder and chairman of Suburban Bancorp, Inc., a publicly traded multibank holding company with 13 banks and 30 locations when Bank of Montreal acquired it by merger in 1994.
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Bank holding companies are corporations that own controlling interests in one or more banks and manage their operations. Advantages of a bank holding company can include reduced overall risk and ...
Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, multibank holding company New York Community Bancorp (NYS ...
That first multibank holding company in the state was formed October 4, 1929. 20 days later would be the Wall Street Crash of 1929. As a result of 11 mergers throughout Western New York, Marine Trust Company became Marine Midland Trust Company of Western New York in the 1950s.
Multibank holding company Arrow Financial ) announced today it was paying a 2% stock dividend to shareholders who would receive two additional shares of company stock for every 100 shares they owned.