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Westfield Insurance, the primary subsidiary of Westfield Group, [3] is a multi-line provider of business property and liability insurance, personal lines insurance (including auto, homeowner's and specialty), agribusiness insurance, and surety bonds.
Unicom Corporation was formed in 1994 after energy company Commonwealth Edison executives focused on a corporate image makeover. [1] Unicom's primary subsidiary, Commonwealth Edison, focused on the production, purchase, transmission, distribution, and sale of electricity to residential, commercial, industrial, and wholesale customers. [3]
Public Service Logo Logo for Public Service Electric and Gas Company (PSE&G) subsidiary, displayed on some pages on the PSEG website as of 2012. The Public Service Electric and Gas Company, commonly referred to as PSE&G, is the primary subsidiary of the Public Service Enterprise Group (PSEG) and was established in 1928.
The parent company–subsidiary company relationship is defined by Part 1.2, Division 6, Section 46 of the Corporations Act 2001, which states: [6] A body corporate (in this section called the first body) is a subsidiary of another body corporate if, and only if: (a) the other body: (i) controls the composition of the first body's board; or
A first-tier subsidiary is a subsidiary/child company of the ultimate parent company, [note 1] [10] while a second-tier subsidiary is a subsidiary of a first-tier subsidiary: a "grandchild" of the main parent company. [11] Consequently, a third-tier subsidiary is a subsidiary of a second-tier subsidiary—a "great-grandchild" of the main parent ...
Its primary subsidiary is First Citizens Bank, which operates over 500 branches in 23 states. A second subsidiary is Silicon Valley Bank, which operates 39 offices in 15 states. For three generations, the bank has been led by the family of Robert Powell Holding, who joined the bank in 1918 and served as president from 1935 to 1957. [2]
East West Bank is an American bank that is the primary subsidiary of East West Bancorp, Inc. It is the largest publicly traded bank headquartered in Southern California. [ 6 ] The company has been ranked the #1 performing U.S. bank with more than $10 billion in assets by S&P Global Market Intelligence , and the top performing bank in its asset ...
Its primary subsidiary was the Indianapolis-based Merchants National Bank and Trust Company, which had been founded in 1865. From the mid-1950s through the late 1980s, Merchants National Bank and Trust, American Fletcher National Bank, and Indiana National Bank, were the three largest banks in Indianapolis.