A corporation that holds a minimum of 25% of the voting stock of a commercial bank but is not itself involved in banking. This form of ownership offers lucrative tax benefits since the interest payments on the debt created to acquire the bank shares are tax deductible.
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corporation owning at least 25% of the voting stock of a commercial bank. An amendment to the Bank Holding Company Act, enacted by Congress in 1970, ...
- What is one-bank holding company? definition and meaning
Definition of one-bank holding company: A corporation that holds a minimum of 25% of the voting stock of a commercial bank but is not itself involved in banking.