338.6—Definitions applicable to this subpart B.
For purposes of this subpart B—
(a)
Bank means an insured state nonmember bank as defined in section 3 of the Federal Deposit Insurance Act.
(b)
Controlled entity means a corporation, partnership, association, or other business entity with respect to which a bank possesses, directly or indirectly, the power to direct or cause the direction of management and policies, whether through the ownership of voting securities, by contract, or otherwise.