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bank |
Also found in: Dictionary/thesaurus, Wikipedia, Hutchinson | 0.07 sec. |
bankInstitution that deals in money and its substitutes and provides other financial services. Banks accept deposits and make loans and derive a profit from the difference in the interest paid to lenders (depositors) and charged to borrowers, respectively. They also profit from fees charged for services. The three major classes of banks are commercial banks, investment banks, and central banks. Banking depends entirely on public confidence in the system's soundness; no bank could pay all its depositors should they simultaneously demand cash, as may happen in a panic. See also credit union; Federal Reserve System; savings and loan association; savings bank. An arrangement of identical hardware components. |
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? Mentioned in | ? References in periodicals archive | |
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The new branch at the Century Park East complex is part of a new 25,000-square-foot lease deal the banking company has signed with the building landlord, One Hundred Towers LLC. Alamerica Bank, Birmingham, Alabama Birmingham, Alabama BB&T Corporation, Community First Banking Company, Winston-Salem, North Carolina Carrollton, Georgia Catawba Valley Bancshares, Inc. Washington Banking Company (NASDAQ:WBCO), the holding company for Whidbey Island Bank, announced today that management will present at the Wunderlich Securities West Coast Community Bank Conference next week in Chicago. |
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