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Unitary Thrift

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Unitary Thrift
A company that owns one thrift, which is a bank specializing in residential mortgages and checking/savings accounts. A unitary thrift has more freedom than a bank holding company: for example, up to 20% of its holdings may be commercial loans. New unitary thrifts were banned after the Gramm-Leach-Bliley Act.
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is a unitary thrift holding company, whose only subsidiary is Gouverneur Savings & Loan Association, a federally chartered savings institution headquartered in Gouverneur, New York.
Gouverneur Bancorp Announces Semiannual Cash Dividend by PR Newswire
While we support financial modernization, we are very concerned about the ability of commerce in general to purchase a unitary thrift," Bailey says.
Insurance firms beginning to offer banking services by Smith, David / Arkansas Business
is a unitary thrift holding company which owns First Community Bank a federally chartered savings and loan which operates nineteen branches in Northeast Arkansas.
Pocahontas Bancorp Announces Dividend by Business Wire
 
 
 
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