Industrial Bank

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Definition of 'Industrial Bank'

An industrial bank is a type of bank that specializes in providing financial services to businesses and other organizations. Industrial banks typically offer a wide range of services, including loans, deposits, and cash management. They may also offer specialized services, such as trade finance and project finance.

Industrial banks are often seen as a more specialized alternative to commercial banks. Commercial banks typically offer a wider range of services to consumers, such as checking accounts and personal loans. Industrial banks, on the other hand, focus on providing services to businesses and other organizations.

Industrial banks can be a good option for businesses that need specialized financial services. They may also be a good option for businesses that need a large amount of capital. Industrial banks typically have more lending capacity than commercial banks, and they may be more willing to lend to businesses that other banks consider to be risky.

There are a number of different industrial banks in the United States. Some of the largest include CIT Bank, Comerica Bank, and PNC Bank. These banks offer a wide range of services to businesses, including loans, deposits, and cash management. They may also offer specialized services, such as trade finance and project finance.

If you are a business owner, you may want to consider an industrial bank for your financial needs. Industrial banks can offer a wide range of services that can help your business grow and succeed.

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