Ads
related to: community bank vs national
Search results
Results From The WOW.Com Content Network
Deciding between a community bank and a national bank. A community bank may be worth considering if you prefer to use a financial institution run by people who live in your community, as well as ...
Community Bank, N.A. (CBNA), is a commercial bank serving customers in Upstate New York, Northeastern Pennsylvania, Vermont and Massachusetts. It is the wholly owned national banking subsidiary of Community Financial System, Inc. (CFSI). Community Bank is headquartered in DeWitt, New York, a suburb of Syracuse.
A national bank is a bank that is nationally or federally chartered and is allowed to operate throughout the country in any state. An advantage of holding a National Bank Act charter is that a national bank is not subject to state usury laws intended to prevent predatory lending. [16] (However, see also Cuomo v.
A community bank is a depository institution that is typically locally owned and operated. [citation needed] Community banks tend to focus on the needs of the businesses and families where the bank holds branches and offices. Lending decisions are made by people who understand the local needs of families, businesses, and farmers.
The bank changed its fourth-quarter loss to $2.7 billion due to a $2.4 billion goodwill charge linked to historical transactions from 2007 and earlier, according to an SEC filing.
A regional bank is a depository institution, such as a bank, savings and loan, or credit union, which is larger than a community bank and operates below the state level, but not so large that it would operate either nationally or internationally.