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- Different categories of banks by Bank include12345:
- Retail banks, which offer their services to the general public and usually have branch offices.
- Commercial or corporate banks, which tailor their services to business customers of various sizes.
- Investment banks, which help businesses raise capital in financial markets and provide other financial services.
- Private banks, which provide services exclusively to wealthy clients, usually those with at least $1 million of net worth.
- Central banks, which manage the monetary system for a government and regulate other banks.
- Savings and loan associations, which specialize in accepting savings deposits and making mortgage loans.
- Community development banks, which serve low-income and underserved communities and promote economic development.
- Neobanks, which are digital-only banks that operate without physical branches and offer online banking services.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Types of Banks
- Retail Banks Retail banks offer their services to the general public and usually have branch offices as well as main offices for the convenience of their customers. ...
www.investopedia.com/terms/b/bank.asp- Retail banks are probably the banks you’re most familiar with. ...
- Commercial banks focus on business customers. ...
- Investment banks help businesses raise capital in financial markets. ...
www.thebalancemoney.com/types-of-banks-315214From this broad term, banks (and financial institutions offering similar services) can be broken down into several smaller categories, including retail banks, savings and loan associations, community development banks and neobanks.www.creditkarma.com/money/i/types-of-banksThe major categories of financial institutions are central banks, retail and commercial banks, internet banks, credit unions, savings and loan (S&L) associations, investment banks and companies, brokerage firms, insurance companies, and mortgage companies.www.investopedia.com/ask/answers/061615/what-…The two most popular are banks and credit unions, but there are actually many more specific types within the various categories listed by the Federal Financial Institutions Examination Council. Four of the most relevant to consumers, for example, are federal and state banks, savings banks and savings and loan associations.www.gobankingrates.com/banking/banks/types-ba… - People also ask
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