Covered Company
Covered Company means any company that is not subject to Federal consolidated supervision by the FRB and that controls an industrial bank: (1) As a result of a change in bank control pursuant to section 7(j) of the FDI Act; (2) As a result of a merger transaction pursuant to section 18(c) of the FDI Act; or (3) That is granted deposit insurance by the FDIC pursuant to section 6 of the FDI Act, in each case on or after April 1, 2021.