Commercial Bank


  • A financial institution that provides a wide range of services to its customers. Such services can include chequing and savings accounts, business loans, and credit cards.

service provider, corporate bank


Related Terms and Acronyms

  • Bank Definition,
    • An institution that acts as a financial intermediary by receiving money from depositors and lenders and also lending to borrowers.
  • Commercial Banking Definition,
    • Commercial banking centres serve small to medium-sized businesses such as franchising, leasing and cash management services.
  • Commercial Banking Centre (CBC)Acronym,
    • Correspondent Bank Definition,
      • A bank that holds deposits of another bank, usually a smaller bank, and in turn provides certain banking services that may not be readily available to the smaller bank.
    • Independent Bank Definition,
      • A locally owned bank that is operated without being affiliated with a bank holding company. Also known as a community bank.
    • Joint-Venture Commercial Bank (JVCB)Acronym,
      • Niche Banks Definition,
        • Smaller banks that cater to particular communities or certain industries. These banks have been thriving in the fallout from mega-bank mergers.
      • Retail Banking Definition,
        • Banking services offered to individual customers such as savings accounts, personal loans, cheque cashing, and RRSPs.
      • Schedule I Banks Definition,
        • A designation in the Bank Act that refers to Canadian-owned banks that are widely held, i.e., ones in which no one owner holds more than 10% of shares.
      • Schedule II Banks Definition,
        • A designation in the Bank Act that refers to foreign-owned banks and closely held Canadian banks, i.e., banks in which an owner may hold more than 10% of outstanding stock.
      • Schedule III Banks Definition,
        • Foreign banks not incorporated under the bank act that are allowed to conduct business in Canada.
      Compare. Calculate. Apply today.
      Compare Mortgage RatesMortgage CalculatorsApply for a Mortgage