Related Organizations
Banker’s Bank [12 USC 24(Seventh)]
A banker’s bank is a national or state bank engaged exclusively in providing services to or for other depository institutions and holding companies, and their officers, directors, and employees. A banker’s bank must be owned exclusively (except for directors’ qualifying shares, if any) by insured depository institutions or their holding companies. A bank may invest up to 10 percent of its capital and surplus in an insured banker’s bank or in the holding company of such a bank, provided that it does not own more than 5 percent of any class of voting securities. [3]
3. Although OCC approval is not required to make an equity investment in a banker’s bank, the banker’s bank itself must receive charter approval from the appropriate regulator.
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