What does ILC stand for?

Industrial Loan Company

This definition appears very rarely and is found in the following Acronym Finder categories:

Business, finance, etc.

Other Resources:

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Samples in periodicals archive:

GMAC Bank engages primarily in lending and other financing activities and taking deposits of the type that are permissible for an industrial loan company under the exception in section 2(c)(2)(H) of the BHC Act.

GMAC Becomes a Bank

Silvergate, an industrial loan company with $284 million in assets, has been operating under a cease and desist order since 2006.

New CEO in charge at Silvergate Bank

The Draft Bill is intended to close a loophole in the law before the current moratorium by the Federal Deposit Insurance Corporation ("FDIC") on the processing of applications that seek to a establish an industrial loan company ("ILC" or, in the plural, "ILCs") expires on Jan.

SEC Issues Release Designed To Codify Its Position Under The Proxy ...

That decision followed extensive Congressional hearings regarding the issue, and the prospective purchase of a Utah-based industrial loan company by Wal-Mart Stores.

Top executive Feraro departs Silvergate Bank

Wal-Mart has applied to open an industrial loan company to handle electronic payment processing.

Committee hears Wal-Mart's bid for industrial bank

Nobody in an industrial loan company is looking for any edge or a competitive advantage," he said.

Proposal could create a Wal-Bank Small banks say law change is ...

Tustin Community Bank, reported today that the institution received regulatory approval to convert from an Industrial Loan Company Charter to a Commercial Bank Charter, after filing the necessary paperwork on July 26, 2007.

Tustin Community Coverts Charter from Industrial Loan Company to Bank

Changing Its Charter Dennis Frank, the chairman and CEO of Silvergate Capital, said the bank's announced strategy has been to change its charter from an industrial loan company to a traditional commercial charter.

Silvergate parent changing ownership, conducting private stock ...