Commercial Bank

A commercial bank is a type of financial institution that provides services to businesses and other organizations. Commercial banks offer a variety of services, including checking and savings accounts, loans, and credit cards. They also provide investment services, such as brokerage and investment advice.

Commercial banks are regulated by the federal government, and they are required to hold a certain amount of capital in reserve. This capital is used to protect depositors in the event that a bank fails.

Commercial banks play an important role in the economy. They provide businesses with the capital they need to grow and expand. They also provide consumers with access to credit, which can be used to purchase goods and services.

In addition to providing financial services, commercial banks also play a role in the community. They provide loans to small businesses, which can help create jobs and stimulate the economy. They also support local charities and organizations.

Commercial banks are an important part of the financial system. They provide businesses and consumers with the financial services they need to succeed. They also play a role in the community, supporting local businesses and charities.