What Is A Regional Bank?
A regional bank, such as a savings and loan, or credit union, is a deposit organization bigger than a community bank but smaller than a central bank. It may operate nationwide or worldwide. A regional bank works in a specific nation area, such as a state, or with a group of states.
With assets ranging from $10 billion to $100 billion, regional banks are more extensive than community banks. They are smaller than national banks. Some local banks are restricted to a single community. However, a regional bank might have branches in several states and a long history in each one. Their bankers may live in your area, shop at the same grocery store, and even coach the local soccer club.
As a result of their “in-between” status, regional banks can offer a combination of national and local banking services. They provide a whole range of national-bank services. This ranges from basic checking to expert investment advising. It also cultivates and preserves the essential personal connections to their success.
Regional banks often have an extensive network of branches acquired through bank mergers, so there is always one nearby. Because of their wide range of sizes, regional banks are likely to provide similar investment products and services to their national counterparts. They not only put their money and skill into developing innovative technology banking services, but their scale also allows them to roll out new services swiftly.
Regional banks may play a natural, significant role in assisting the communities they serve because of their unique blend of size and local roots. Because of their wide range of sizes, regional banks will likely provide a similar degree of investment products and services as their national counterparts. They may, however, give them to you with a greater level of personalization.
Regional Bank Example
You’re dealing with a regional bank if you conduct your banking with an institution that serves your state and the surrounding states.
Some of the largest regional banks in the US are; SunTrust (Robinson Humphrey), Wedbush Securities, BB&T, KeyCorp (KeyBanc Capital Markets), PNC Financial Services (Harris Williams & Co.).« Back to Glossary Index