Depository institution


Also found in: Dictionary, Thesaurus, Legal, Encyclopedia, Wikipedia.

Depository institution

A financial institution that obtains its funds mainly through deposits from the public. This includes commercial banks, savings and loan associations, savings banks and credit unions.

Depository Institution

An organization, which may be either for-profit or non-profit, that takes money from clients and places it in any of a variety of investment vehicles for the benefit of both the client and the organization. Common examples of depository institutions are retail banks and savings and loan associations, both of which take deposits into safekeeping and use them to make loans to other customers.
References in periodicals archive ?
parent of an EU depository institution, including all of its branches
State Bank is the 63rd largest depository institution in Illinois, controlling deposits of approximately $595.
As of the reporting date, the depository institutions have little or no information about recent loss events.
Potts continued, "In comparison to the other alternatives we reviewed, the depository institution appears to have the best risk-versus-return profile.
After consummation of the proposal, 11 other depository institution competitors would remain in the market.
headquartered in Houston, is a broad-based financial services provider and is the largest publicly traded depository institution headquartered in Texas.
IndyMac) (NYSE:NDE) today announced that, in connection with its recently announced plans to convert from a real estate investment trust (REIT) to a taxable growth-oriented depository institution, it has signed a definitive agreement to acquire SGV Bancorp (Nasdaq:SGVB), the holding company for First Federal Savings and Loan Association of San Gabriel Valley.
Bank United (Nasdaq: BNKU) is the largest publicly-held depository institution headquartered in Texas.
40 per share range in the initial year as a depository institution, excluding a one-time gain in the first quarter of 2000, resulting from the tax effects of terminating our REIT status, of approximately $30 million after tax, or $0.
The Federal Reserve Board approved on February 28, 2005, the Federal Reserve Banks' proposal to stop providing services to depository institutions for the collection and processing of definitive municipal securities.
As we complete the acquisition of SGV Bancorp, IndyMac Bank will become the ninth largest depository institution (in terms of assets) headquartered in California and will be uniquely positioned as the leading new asset generator over the Web among FDIC insured financial institutions," continued Mr.
Citizens Bank is the largest depository institution in the market, controlling approximately $291.

Full browser ?