Examples of Bank service corporation in a sentence
Assuming that the bank services performed by the corporation in question are ‘‘serv- ices’’ of the kinds contemplated by sec- tion 4(c)(1) of the Bank Holding Com- pany Act (as would be true, for exam- ple, of the electronic data processing of deposit accounts), the holding com- pany’s ownership of the corporation’s shares in the situation described above clearly is permissible under that sec- tion of the Act.(c) Bank service corporation owned by holding company subsidiaries and serving also other banks.
The Allianz policy includes S.E.F. 44 Family Protection Coverage which permits aneligible claimant to recover for the cost of injuries that exceed the amount of liability insurance carried by a liable, underinsured motorist.
Assuming that the bank services performed by the corporation in question are ‘‘services’’ of the kinds contemplated by section 4(c)(1) of the Bank Holding Company Act (as would be true, for example, of the electronic data processing of deposit accounts), the holding company’s ownership of the corporation’s shares in the situa- tion described above clearly is permis- sible under that section of the Act.(c) Bank service corporation o ned by holding company subsidiaries and serving also other banks.
Bank service corporation investment is limited to 15 percent of the capital and certified surplus of the bank for each corporation and no more than five percent of total assets of the bank may be invested in all bank service corporations.