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 ?
23 /PRNewswire-FirstCall/ -- Northern Trust Corporation, a multibank holding company, agreed to sell $250 million of five-year non-callable fixed rate notes through lead manager Merrill Lynch & Co.
Kelly III, Chairman, President and Chief Executive Officer of Mercantile Bankshares Corporation, is scheduled to make a presentation to investors discussing the overall business strategy and financial performance of the regional multibank holding company from 10:00 a.
21 /PRNewswire/ -- ANB Corporation (Nasdaq: ANBC), a multibank holding company headquartered in Muncie, Indiana, has declared a 4th quarter 1994 dividend of $.