Types of Banks- Hunter Birlew

1. Example: Peoples United Bank

2. Definition:Provides services for customers

3. Example: Wood forest National Bank

4. Definition: Banks that are spread across the country.

5. Retail Banks

6. Internet Banks

6.1. Definition:Banks with no physical location.

6.2. Example:Ally bank

7. Commercial banks

7.1. Definition: Bank that focuses on business customers.

7.2. Example:Commercial Bank of Texas

8. National Banks

9. Money Center Banks

9.1. Definition:A international banks who main customers are businesses.

9.2. Example: ATM Walmart

10. Investment Banks

10.1. Definition: Help companies become publicly traded companies

10.2. Example: Bank of the Ozarks

11. Central Banks

11.1. Definition: Lend money to commercial banks.

11.2. Example: Hanmi Bank

12. Interstate Banks

12.1. Definition: Banks in the same region.

12.2. Example: First Interstate Bank of Texas