Bank holding company -
a corporation charted for the purpose of holding the
stock (equity shares) of one or more banks.
Correspondent banking -
a system of formal and informal relationships among
large and small banks established to facilitate the exchange of
certain services, such as clearing checks.
Nonbank banks -
financial service firms that either offer checking account
services or grant commercial loans but not both of these services.
Unit banks -
banks that offer the full range of their services from one
office, though a small number of services (such as taking deposits
or cashing checks) may be offered from limited – service facilities
(such as drive-in windows and automated teller machines).
