nonbank bank
- 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
- The nonbank bank was quite successful in managing the acceptance of demand deposits from their customers.
- They started a nonbank bank to extend commercial loans to various enterprises in the state.
- Running a nonbank bank requires adequate knowledge of financial activities like accepting demand deposits or providing commercial loans.
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