Local Banks

Relatively small, unsophisticated depository institutions whose activities are generally limited to a modest geographical area or single community, local banks fall at one extreme of a continuum that ranges from international financial behemoths (World Bank, Deutsche Bank, J. P. Morgan Chase), to central banks (Bank of Japan, U.S. Federal Reserve, European Central Bank), to large commercial banks with a nationwide or regional presence (Wells Fargo, Bank of America, First Union), to small depository institutions that operate almost exclusively in a small geographical area or market niche (Abington Bank, Nittany Financial Corporation, University of Virginia Community Credit Union). Banks of Continue reading the remaining 96% ...