multibank

multibank

(ˌmʌltɪˈbæŋk)
adj
1. (Banking & Finance) of or involving more than one bank
2. (Computer Science) of or involving more than one bank
References in periodicals archive ?
(4.) Depository institution subsidiaries of multibank holding companies are treated as a single depository institution.
Next year, State First will mark the 10th year since its organization as a multibank holding company.
10 March 2011 - Russia's central bank said on Thursday it had revoked the banking permit of local Multibank.
"We've worked with several companies under $1 billion that bought a multibank reporting service," she explains, "so they could get balances and transactions without having to go to multiple bank platforms.
He is secretary and past chairman of the Greater Brownsville MultiBank CDFI and a regional vice chairman of the National Bankers Association.
Before Ozark Bankshares became a multibank holding company in the mid-'80s, its majority owners were also majority owners of Newton County Bank and Arkansas Valley Bank, Ross says.
M2 EQUITYBITES-March 30, 2011--S&P keeps Panama's Multibank at BB/"stable"/B(C)2011 M2 COMMUNICATIONS http://www.m2.com
Whether or not the banking institution is part of a multibank holding company appears to matter only for small programs at smaller banking institutions (table 11.B): Such programs at institutions that are part of multibank organizations tend to be less profitable (or more unprofitable) than programs at independent institutions.
is the seventh-largest multibank holding company in Arkansas with full-service banks in Pine Bluff, Jonesboro and Lake Village.
(2.) The Board previously has determined that if an applicant's principal shareholder is associated with other one-bank holding companies, the proposed formation of a one-bank holding company is analyzed by the Board using the same standard that would be used for a multibank holding company acquisition.
Multibank holding companies are, therefore, considered as a single organization.
At the end of 1984, seven states still prohibited full-service branches; in these "unit banking" states, a banking organization that wanted to open more than one full-service office was required to form a multibank holding company, which could then control two or more separately chartered banks.