A regional bank is a depository institution, i.e. a bank, savings and loan, or credit union, which is larger than a community bank, which operates below the state level, but not so large that it would operate either nationally or internationally. A regional bank is one that operates in one region of a country, such as a province or within a group of provinces. The definition of what constitutes a regional bank is not precise.
The term is often used in the United States where regional banks are more common and within stock trading, when referring to investing in different bank types, usually referred to as regional bank ETF's ( exchange-traded funds). [1] [2] They generally provide, with some limitations, the same services as larger banks, such as deposits; loans, leases, mortgages, and credit cards; ATM networks; securities brokerage; investment banking; insurance sales; and mutual fund and pension fund management. [3]
References
- ^ "Top Regional Bank Picks By Legendary Fund Managers". SeekingAlpha.com. 11 October 2011. Retrieved 3 November 2011.
- ^ John, Spence (24 January 2010). "Regional-bank ETFs sidestep recent financial-sector carnage". MarketWatch.com. Retrieved 3 November 2011.
- ^ "American Regional Bank". InvestorGlossary.com. Retrieved 3 November 2011.
External links
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