The world’s richest man has turned to a holding company structure to prevent a succession battle among his heirs. LVMH founder Bernard Arnault has transformed his current holding company Agache SE ...
A holding company is a legal business entity (usually a limited liability company or C Corporation) that owns or has a controlling interest in one or more companies (called “subsidiaries”). Other ...
State bank regulators have had a busy couple of years approving bank conversions to stock banks, and now Webster Five Cents Savings Bank is looking to get in on the act. Webster Five, which is already ...
The Bank of Princeton (NASDAQ:BPRN) announced its intent to form a bank holding company. If approved, BPRN would become a subsidiary of Princeton Bancorp, the newly-formed bank holding company.
Lancaster County-based Bank of Bird-in-Hand plans to form a bank holding company. It will need both shareholder and regulatory approval. The proposed name of the bank holding company is Gelt Bancorp ...
BIRD-IN-HAND, Pa.--(BUSINESS WIRE)--Lori A. Maley, CPA, President, and Chief Executive Officer of Bank of Bird-in-Hand, Bird-in-Hand, Pennsylvania announced the decision of the Board of Directors to ...
Hyperion Bank in Philadelphia is forming a holding company. The $222 million-asset bank said in a Friday press release that its shareholders had approved a plan to create Hyperion Bancshares. The bank ...
Amalgamated Bank in New York is looking to form a holding company. The $6.5 billion-asset bank said in a regulatory filing Tuesday that it plans to reorganize as a subsidiary of Amalgamated Financial.
Latin American carriers Avianca and Gol have agreed to join operations under a UK-based holding company while maintaining individual brands, a move intended to create long-term stability in the ...