nonbank bank

Definition of "nonbank bank"
  1. A type of financial institution, possibly a division of an out-of-state bank, that conducts either the activity of accepting demand deposits or the business of providing commercial loans
How to use "nonbank bank" in a sentence
  1. The nonbank bank was quite successful in managing the acceptance of demand deposits from their customers.
  2. They started a nonbank bank to extend commercial loans to various enterprises in the state.
  3. Running a nonbank bank requires adequate knowledge of financial activities like accepting demand deposits or providing commercial loans.

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