Ohio Code § 1109.43

§ 1109.43.

(A) For purposes of this section: (1) “ Bankers' bank ” means a bank organized to engage exclusively in providing services to other depository

institutions and depository institution holding companies and their officers, directors,

and employees. (2) “ Bankers' bank holding company ” means a corporation that owns or controls, directly or indirectly, a majority of

the shares of the capital stock of a bankers' bank, or controls in any manner the

election of a majority of the directors of a bankers' bank. (3) “ Depository institution ” means a bank, savings association, savings bank, or credit union. (B) A state bank may invest, in the aggregate, up to ten per cent of its capital in shares

of bankers' banks or bankers' bank holding companies. (C)(1) The voting shares of a bankers' bank shall be owned by twenty or more depository

institutions or depository institution holding companies, and no depository institution

or depository institution holding company shall own, directly or indirectly, more

than fifteen per cent of the voting shares of a bankers' bank. (2) The voting shares of a bankers' bank shall be owned, directly or indirectly, exclusively

by depository institutions, depository institution holding companies, and persons

who hold the shares under, or initially acquired them through, a plan for the benefit

of the bankers' bank's officers and employees.