commercial bank

American  

noun

1. a bank specializing in checking accounts and short-term loans.

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commercial bank British  

noun

1. a bank primarily engaged in making short-term loans from funds deposited in current accounts

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Etymology

Origin of commercial bank

First recorded in 1905–10

Example Sentences

Notably, Affirm is moving to become an industrial loan company rather than a commercial bank.

From Barron's

The deal will make the Madrid-headquartered firm the tenth largest retail and commercial bank in the U.S. by assets, and the fifth largest by deposits in the Northeast.

From MarketWatch

Total deposits in all U.S. commercial banks stood at about $18.7 trillion as of early January, according to the latest Federal Reserve data.

From The Wall Street Journal

It stipulates that each of the state, the central bank, commercial banks and depositors will share the losses accrued as a result of the financial crisis.

From Barron's

These had to be offset by liabilities on the central bank’s balance sheet, and the easiest liability to increase was the accounts of reserve funds that commercial banks deposit at the Fed.

From The Wall Street Journal