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Branch Bank

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Branch Bank
A semi-independent office of a bank. For example, a bank may have five branches in a city where account holders can make deposits and withdrawals and conduct other business at the place most convenient for them. Many banks maintain branches in other states. This was permitted for the first time since the 1920s by the Riegle-Neal Act of 1994. See also: McFadden Act.


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Not surprisingly, this discrepancy, particularly with the Second Bank, did not sit well with many and thus the branch bank controversy, on a national scale, was born in the United States.
But despite the concerns, the Ethiopian commercial bank's business and development director, Habtu Dimtsu has played it down saying "Our branch bank in Juba was not opened on empty trial bases.
Additional branch bank applications should not be approved for this market until those new branches have proven to be profitable," Wilson said in the statement.
 
 
 
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