Branch Bank

(redirected from Branch Banks)

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.