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Operating Subsidiaries

Operating subsidiaries are companies that

  • are owned at least in part by the bank, and
  • of which the bank as the ability control management and operations

Operating subsidiaries may only conduct activities that the parent bank may conduct.

An operating subsidiary may provide products and services for individuals to use primarily for personal, family, or household purposes. (Examples would be a mortgage company or auto finance corporation that is owned by the bank: "Bank X doing business through Ivy Auto Loans.")

To find out if a company is an operating subsidiary of a national bank or federal savings association, visit the Who Regulates My Bank page on this website.

National Bank and FSA List