Ohio Code § 1109.44

§ 1109.44.

(A) A state bank may invest, in the aggregate, twenty-five per cent of its assets in

the stock, obligations, and other securities of bank subsidiary corporations and bank

service corporations. (B) A state bank shall obtain the approval of the superintendent of financial institutions

prior to investing in, acquiring, or establishing a bank subsidiary corporation or

bank service corporation, or performing any new activities in a bank subsidiary corporation

or bank service corporation. (C)(1) A bank subsidiary corporation that is a wholly owned subsidiary of the state bank

may engage in any activities, except taking deposits, that are a part or an extension

of the business of banking. (2) A bank service corporation shall be owned solely by one or more banks, and may, at

any location, do any of the following: (a) Provide clerical, bookkeeping, accounting, statistical, or similar services; (b) Engage in any activities, except taking deposits, that all of its owner banks are

authorized to engage in; (c) Engage in any activity, except taking deposits, the board of governors of the federal

reserve system has determined to be permissible for a financial holding company under

section 4(k)(1) of the “Bank Holding Company Act of 1956,” as amended, 70 Stat. 133, 12 U.S.C.A. 1843(k)(1) . (D) Bank subsidiary corporations and bank service corporations are subject to examination

and regulation by the superintendent. (E) A bank subsidiary corporation or a bank service corporation may invest in a lower-tier

bank subsidiary corporation or bank service corporation, subject to the requirements

of this section.