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Commercial bank

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Commercial bank
An Institution which accepts deposits, makes business loans, and offers related services.
    
Commercial banks also allow for a variety of Deposit accounts, such as checking, savings, and time Deposit. These institutions are run to make a profit and owned by a group of individuals, yet some may be members of the Federal Reserve System. While commercial banks Offer services to individuals, they are primarily concerned with receiving deposits and lending to businesses.
Posted by  Opal Financial Group
 
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