Finance:Regional bank

Short description: Depository institution which operates in a region of a country

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 smaller than a national bank, which operates 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). 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.

External links

• Stock Focus: Regional Banks