Unitary Thrift

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.
References in periodicals archive ?
A unitary thrift holding company, Sterling Bancorp Inc.
Pocahontas Bancorp is a unitary thrift holding company that owns First Community Bank, a federally chartered savings and loan.
In line with these considerations, the Board continues to support elimination of the unitary thrift loophole, which currently allows any type of commercial firm to control a federally insured depository institution.
A unitary thrift holding company, Sterling Bancorp is the parent of Sterling Bank and Trust FSB, which has primary branch operations in California, New York and Washington, USA.
is a unitary thrift holding company for North American Savings Bank, F.S.B., a community bank headquartered in Grandview, Missouri.
A unitary thrift holding company, Sterling Bancorp is the parent of the community bank Sterling Bank and Trust FSB, which has primary branch operations in California, New York City and Washington.
Pocahontas Bancorp is a unitary thrift holding company, which owns First Community Bank, a federally chartered savings and loan.
A basket clause plus a case-by-case review of individual situations might also provide a way to make available a common bank and thrift charter to those unitary thrift institutions that are affiliated with nonfinancial businesses.
A unitary thrift holding company, Sterling Bancorp's wholly owned subsidiary, Sterling Bank and Trust FSB has primary branch operations in San Francisco and Los Angeles, California, New York City and Bellevue, Washington in the US.
The unitary thrift holding company reported net income of $430,000 for the quarter, down $1 million from the same quarter last year.
Pocahontas Bancorp is the unitary thrift holding company that owns First Community Bank, a federally chartered savings and loan.
A unitary thrift holding company, NASB Financial is the parent of North American Savings Bank FSB (NASB), a community bank headquartered in Grandview, Missouri, USA.