Principal shareholder
Principal shareholder means a person (other than an insured bank) that directly or indirectly, or acting through or in concert with one or more persons, owns, controls, or has the power to vote more than 10 percent of any class of voting securities of a member bank or company. Shares owned or controlled by a member of an individual's immediate family are considered to be held by the individual.
Source
12 CFR § 215.2
Scoping language
For purposes of this part, the following definitions apply unless otherwise specified: