Nebraska Statutes 8-1602. Formation of bankers bank; requirements
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A bankers bank may be formed with the approval of the department and subject to requirements and procedures for the issuance of a new bank charter or the transfer of an existing bank charter as provided in the Nebraska Banking Act. A bankers bank shall be a bank which is:
Terms Used In Nebraska Statutes 8-1602
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Foreign: when applied to corporations shall include all those created by authority other than that of this state. See Nebraska Statutes 49-801
(1) Insured by the Federal Deposit Insurance Corporation;
(2) Owned substantially by other Nebraska banks, bank holding companies, foreign bank holding companies, or a combination of such entities; and
(3) Directly and through all its subsidiaries engaged exclusively in providing services for other banks and their officers, directors, and employees.