Assuming that the IRA held the holding company
shares on that date, those corporations should consult with their tax advisers regarding the potential benefits of electing S status and availing themselves of the recent expansion of the AJCA benefits.
After being a mutual life insurer since 1934, United Heritage converted to a mutual holding company
Among the more interesting questions is whether an investment house that acquires a little bank and converts to the status of a Fed-supervised financial holding company
can then use the Fed's "umbrella" as its passport to Europe.
Day, President & CEO of City Holding Company
The new holding company
is just part of the process," said Jose Suquet, President and CEO of Pan-American Life.
A bank holding company
's home state is that state in which the total deposits of all banking subsidiaries of such company were the largest on the later of July 1, 1966, or the date on which the company became a bank holding company
More likely, the IRS viewed the holding company
's ownership of stock in the operating subsidiary as a historic business asset of the holding company
that the subsidiary somehow continued after its acquisition of the holding company
Principal's intent to fully demutualize may serve as the best illustration of the limits and shortcomings of the mutual holding company
structure, which may have fallen out of favor.
The return-of-capital distribution can result in a significant payment to the ESOP if it owns a large number of the newly issued shares of holding company
As previously announced, City Holding Company
reported record earnings of $5,503,000 for the year ended December 31, 1993, a 9.
According to the terms of the definitive agreement, San Juan Financial Holding Company
shareholders will receive 2.
ii) Any bank or branch of a bank controlled by an out-of-State bank holding company