Business, Legal & Accounting Glossary
In the US, the term regional bank is used to describe a midsized depository institution that is larger than a community bank, but smaller than one of the large money centre banks. The term regional bank does not have an exact definition, but a regional bank has certain characteristics. First, in a list ranked by assets, a regional bank would not make the top 5, but the largest of these would be in the top 25. Second, a regional bank has a presence in a single geographic region, perhaps spanning more than one state. Third, the regional bank probably does not have any international presence. Fourth, the regional bank probably has more than a handful of retail branches. Ongoing consolidation in the banking industry periodically results in the merger or acquisition of a well-known regional bank. Examples of a major regional bank in include Fifth Third Bancorp, PNC Financial, and North Fork Bank.
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This glossary post was last updated: 6th February, 2020