Core banks are essential financial institutions that provide fundamental banking services to individuals and businesses. These services typically include checking and savings accounts, loans, and credit facilities. Core banks play a vital role in the economy by facilitating transactions and providing access to funds. In addition to traditional banking services, core banks often offer digital banking solutions, allowing customers to manage their finances online. They are regulated by government authorities to ensure stability and protect consumers. Examples of core banks include Bank of America, Wells Fargo, and Chase.