qualified savings association
Defined in 1 dictionary — U.S. Code
United States Code
12 U.S.C. § 1843 — in this section
For purposes of this paragraph, the term “qualified savings association” means any savings association that—
(i) was chartered or organized as a savings association before June 1, 1991;
(ii) had, immediately before the acquisition of such association by the bank holding company referred to in subparagraph (A), negative tangible capital and total insured deposits in excess of $3,000,000,000; and
(iii) will meet all applicable regulatory capital requirements as a result of such acquisition.