Multibank Holding Company

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Multibank Holding Company

A company that is the majority shareholder in at least two banks. A multibank holding company controls the operations of the banks it owns. Multibank holding companies have access to liquidity from regulators through the loans made to the banks themselves. In the United States, all bank holding companies must register with the Federal Reserve and are subject to its regulation, though they may also be responsible to other regulators as well.
References in periodicals archive ?
is a USD 2.7 billion mutual multi-bank holding company headquartered in Easthampton, Massachusetts and is the parent company of bankESB, bankHometown and Abington Bank.
is a multi-bank holding company for Brookline Bank, First Ipswich Bank, and Bank Rhode Island and their subsidiaries.
(OTC: WTWB), the multi-bank holding company for West Town Bank & Trust and Sound Bank, has reported record quarterly net income of USD7.671m, or USD2.47 per diluted share for the second quarter 2018, compared to net income of USD514,000, or USD0.34 per diluted share for the second quarter of 2017, an increase of USD7.157m, or 1,392 percent.
Premier Financial Bancorp, Inc., a multi-bank holding company, provides community banking services to individuals and small-to-medium sized businesses.
Arrow Financial Corporation is a multi-bank holding company and the parent of Glens Falls National Bank and Trust Company and Saratoga National Bank and Trust Company.
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