Bank holding company

A bank holding company is a company that controls one or more banks, but does not necessarily engage in banking itself.[1] The compound bancorp (banc/bank + corp[oration]) or bancorporation is often used to refer to these companies as well.

  1. ^ O'Sullivan, Arthur; Sheffrin, Steven M. (2003). Economics: Principles in action. Upper Saddle River, NJ: Pearson Prentice Hall. ISBN 0-13-063085-3.[better source needed]