Commercial Banks
- A commercial bank may legally take deposits for current and savings accounts from consumers. Commercial banks must follow a myriad of regulations. The typical commercial banking process is fairly straightforward.
- You deposit money into your bank, and the bank loans that money to consumers and companies in need of capital (cash). You borrow to buy a house, finance a car, or finance an addition to your home.
- Companies borrow to finance the growth of their company or meet immediate cash needs. Companies that borrow from commercial banks can range in size from the dry cleaner on the corner to a multinational conglomerate.
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