### Question
How is the "minority bank" defined?


### Answer
The term **minority bank** is defined in *12 U.S.C. § 1823* as follows -

> any depository institution described in clause (i), (ii), or (iii) of section 461(b)(1)(A) of this title—


(I) more than 50 percent of the ownership or control of which is held by one or more minority individuals

#### Citation:
  - *12 U.S.C. § 1823*
  - Heading: **CHAPTER 15-FEDERAL LOAN AGENCY**

