### Question
What does minority bank mean?


### Answer
**Minority bank** has the following meaning in *12 U.S.C. § 1823*:

> 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 16-FEDERAL DEPOSIT INSURANCE CORPORATION**

