minority bank
Defined in 1 dictionary — U.S. Code
United States Code
12 U.S.C. § 1823 — in this section (6 versions over time)
The term “minority bank” means any depository institution described in clause (i), (ii), or (iii) of section 461(b)(1)(A) of this title—
(I) more than 50 percent of the ownership or control of which is held by one or more minority individuals; and
(II) more than 50 percent of the net profit or loss of which accrues to minority individuals.