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.
References in periodicals archive ?
The first four years of the Depression are used because this is the most recent period in the United States where both unit and branch banks existed, large numbers of banks failed, and the debate over branching features prominently in the literature on this period.
Branch banks are found to be less likely to survive and to survive for shorter periods of time.
Proliferation aside, supermarket branch banks present tempting robbery targets because their tellers tend to have more money in their cash drawers than tellers at traditional branches, says Bill Rebder, a security consultant and former head of bank robbery investigations with the FBI's Los Angeles field office.
Respondents said they planned to add 358 in-store branch banks in 1999 and 798 within two years.
Verint's Video Solution enables Wells Fargo to network and collect video from multiple areas of their branch banks, including tellers, cash rooms, drive-up windows and ATMs.
Nasdaq:VRNT), a leading provider of analytic software-based solutions for security and business intelligence, today announced that Wells Fargo has recently completed deployment of Verint's Networked Video Solution at its 4000th branch bank location in the United States.
The joint venture will operate ATM-based branch banks using BSI2000's Transact 2000(TM) system.
said, "I've just returned from the Venda area of South Africa where our joint venture opened its first branch bank.
Greene County Bank is headquartered in Greeneville, Tennessee and is the largest community bank in Tennessee, with 26 branch banks in twelve east Tennessee counties and one branch bank in western North Carolina and $781.
To meet these needs, branch banks don't always require the extensive LAN and wide-area network (WAN) support provided by a 2500 series multiprotocol router.
1, 1995--TSB Bank, the sixth largest bank in the United Kingdom, has awarded Unisys Corporation a $23 million contract to maintain multivendor desktop and networking equipment at some 1,100 TSB branch banks across the U.
NCBC operates 77 branch banks in Tennessee, Virginia, North Carolina and Mississippi.

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