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(FINANCE) a company that exists for the sole purpose of owning a controlling interest in the several branches of a bank. Owing to the interplay of US federal and state banking laws, it is often necessary for a bank to incorporate itself as a separate and distinct company in different states, or for different business functions (e.g., capital management, underwriting/[investment banking], savings banking, etc.). One of the exasperating benefits that bank holding companies get is a further limitation of liability. Often, the structure of the bank holding company is such that one of the firms owned (like [Washington Mutual] Bank, Inc.) can be insolvent, without resulting in the [liquidation] of the holding company.
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