Holding Company Indemnification of the Subsidiary Bank – Not a Covered Transaction (generally)

We previously discussed a scenario where a bank indemnifies its parent holding company to determine if it becomes a “covered transaction” under Regulation W. However, the opposite scenario is equally important: if a holding company indemnifies its subsidiary bank in a service contract for bank losses caused by the negligence or willful misconduct of the … Continue reading “Holding Company Indemnification of the Subsidiary Bank – Not a Covered Transaction (generally)”