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  • Fr Y-3. Application To Become A Bank Holding Company And/or Acquire An Additional Bank Or Bank

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FR Y3 OMB Number 71000121 Approval expires March 31, 2015 Page 1 of 2Board of Governors of the Federal Reserve SystemApplication to Become a Bank Holding Company and/or Acquire an Additional Bank or.

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They may own real estate for their premises and use. They also may own real estate in other limited capacities, such as holding real property for a limited time when it is acquired in satisfaction of debt previously contracted or making real estate investments for certain community development purposes.

Most banks have bank holding companies ("BHCs"). BHCs have been formed primarily to facilitate additional nonbanking activities, issue capital instruments not deemed capital for banks, and/or greater corporate, financial, and operational flexibility.

Becoming a bank holding company makes it easier for the firm to raise capital than as a traditional bank. The holding company can assume debt of shareholders on a tax free basis, borrow money, acquire other banks and non-bank entities more easily, and issue stock with greater regulatory ease.

The issue that lenders have run into is that a loan to a bank holding company is unlike any other type of loan they might make. In a nonbanking environment the lender might seek to take control of the assets and liquidate them. ... A loan secured by a controlling interest in a bank presents a different situation.

Most banks have bank holding companies ("BHCs"). BHCs have been formed primarily to facilitate additional nonbanking activities, issue capital instruments not deemed capital for banks, and/or greater corporate, financial, and operational flexibility.

On September 21, 2008, Goldman Sachs announced it would become the fourth largest bank holding company in the United States, regulated by the Federal Reserve (the Fed). ...

Ease of formation. It is quite easy to form a holding company. ... Large capital. The financial resources of the holding and subsidiary companies can be pooled together. ... Avoidance of competition. ... Economies of large scale operations. ... Secrecy maintained. ... Risks avoided. ... Over capitalization. ... Misuse of power.

A company proposing to: become a bank holding company, acquire a subsidiary bank, or acquire control of bank or bank holding company securities generally must apply for the Board's prior approval under section 3 of the Bank Holding Company Act. However, certain transactions may qualify for prior notice procedures.

Holding Companies and Parent Companies: Examples One of the best-known holding companies is Berkshire Hathaway. Warren Buffett's company owns GEICO, Dairy Queen and Fruit of the Loom among other businesses. Another well-known holding company is Alphabet, which owns Google, YouTube, Nest and other companies.

Bank Holding Company A company that owns and/or controls one or more U.S. banks or one that owns, or has controlling interest in, one or more banks.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Content Takedown Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232