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Comparing Different Banks: Commercial Banks, Thrifts, Community Banks & Credit Unions

Thursday, December 8, 2011 - 8:19 AM
Readers of this blog are probably familiar with the differences between banks and credit unions, but the differences between banks may not be as well known. This Bankrate article provides some insights into the differences between commercial banks, thrifts and community banks. I don't ususally differentiate thrifts from banks. From depositors' point of view, there's not much difference. Here's an excerpt from the article:
Thrifts are financial institutions that focus mainly on deposit savings accounts and home mortgages, but they also offer other financial products, Grano says. Savings banks, savings and loan associations and mutual savings banks are examples of thrifts.

Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
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