Community Bank

Definition

• Community bank: A bank, often with branches, that is locally owned and operated, and is not part of a bank holding company. Also referred to as an independent bank.

Synonyms
locally owned, independent

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.
• Independent Bank — Definition,
  • A locally owned bank that is operated without being affiliated with a bank holding company. Also known as a community bank.
• 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.