Friday, December 19, 2014 2:31:51 PM
In sum, ("""""""grandfathered unitary savings and loan holding companies""""""""") enjoy a substantial competitive advantage over other financial services providers because they may engage in a virtually unlimited range of activities and have the benefit of a very powerful bank charter. By efficiently leveraging off of affiliates, the thrift charter can be converted from a limited to full service institution, and provide a wide range of products and services over a broad geographic area, with comparatively little incremental cost. With proper planning and counsel, these institutions can truly provide accretive, profitable complementary products in a manner virtually unmatched in the US financial system.
- See more at: http://corporate.findlaw.com/finance/the-grandfathered-thrift-holding-company-adding-banking.html#sthash.tCKQ3Ipx.dpuf
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