Regional Bank
A Regional Bank is a financial institution that primarily serves customers in a specific geographic area, often covering multiple states or a particular region. These banks offer a range of services, including personal and business banking, loans, and investment products. They typically focus on building relationships with local customers and businesses, providing tailored services to meet their needs.
Unlike larger national banks, regional banks often have a more community-oriented approach, allowing them to respond quickly to local economic conditions. They may also have a smaller number of branches compared to national banks, but they often emphasize customer service and local expertise in their operations.