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Sheryl Nance-Nash

Joined: Dec 3, 2011Comments: 0
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Sheryl Nance-Nash

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Types of Institutions in the U.S. Banking System - Community Banks
Types of Institutions in the U.S. Banking System - Community Banks

This is the fifth in a series of articles on the U.S. banking system. Each article will cover one type of financial institution that engages in banking. This fifth article covers community banks. The last article covered commercial banks. Future articles will cover additional types of banks.

A bank is called a community bank for a good reason. The community is priority number one.

According to the Independent Community Bankers of America, there are more than 6,000 community banks of all sizes and charter types. They hold $3.8 trillion in assets,...

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Types of Institutions in the U.S. Banking System - Commercial Banks
Types of Institutions in the U.S. Banking System - Commercial Banks

This is the fourth in a series of articles on the U.S. banking system. Each article will cover one type of financial institution that engages in banking. This fourth article covers commercial banks. The last article covered mutual banks. Future articles will cover additional types of banks.

Commercial banks are probably the ones you are most familiar with – think big names like Bank of America and Wells Fargo.

Commercial banks serve individuals, businesses and organizations. What they do varies of course, but basically, they offer deposit accounts, as well as...

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Types of Institutions in the U.S. Banking System - Mutual Banks
Types of Institutions in the U.S. Banking System - Mutual Banks

This is the third in a series of articles on the U.S. banking system. Each article will cover one type of financial institution that engages in banking. This third article covers mutual banks. The second article covered savings and loan associations. Future articles will cover additional types of banks.

You may have never heard of a mutual bank, but they have a share of the financial institution pie. The first mutual savings bank in the U.S. was chartered in Boston in 1816, According to America’s Mutual Banks, a trade association,...

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Types of Institutions in the U.S. Banking System – Savings and Loan Associations
Types of Institutions in the U.S. Banking System – Savings and Loan Associations

This is the second in a series of articles on the U.S. banking system. Each article will cover one type of financial institution that engages in banking. This second article covers savings and loan associations. The first article covered credit unions. Future articles will cover several types of banks.

When you think of a savings and loan, maybe you think of the Bailey Savings & Loan from the movie It’s a Wonderful Life or remember the savings and loan crisis of the 1980s, when more than 1,000 savings and...

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Types of Institutions in the U.S. Banking System – Credit Unions
Types of Institutions in the U.S. Banking System – Credit Unions

This is the first in a series of articles on the U.S. banking system. Each article will cover one type of financial institution that engages in banking. The first article covers credit unions. Future articles will cover savings and loan associations and several types of banks.

What You Need to Know About Credit Unions

For more than 100 years, credit unions have been providing financial services to their members. Forget about what you thought you knew about credit unions. Long gone are the days when credit unions were seemingly only...

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