depository financial institution

Noun
  1. A financial institution that accepts deposits and channels the money into lending activities (synset 108437235)
    "he cashed a check at the bank"; "that bank holds the mortgage on my home"
    is a type of: financial institution, financial organisation, financial organization - an institution (public or private) that collects funds (from the public or other institutions) and invests them in financial assets
    subtypes:
    • credit union - a cooperative depository financial institution whose members can obtain loans from their combined savings
    • federal reserve bank, reserve bank - one of 12 regional banks that monitor and act as depositories for banks in their region
    • agent bank - a bank that acts as an agent for a foreign bank
    • commercial bank, full service bank - a financial institution that accepts demand deposits and makes loans and provides other services for the public
    • state bank - a bank chartered by a state rather than by the federal government
    • agent bank, lead bank - a bank named by a lending syndicate of several banks to protect their interests
    • member bank - a bank that is a member of the Federal Reserve System
    • acquirer, merchant bank - a credit card processing bank; merchants receive credit for credit card receipts less a processing fee
    • acquirer - a corporation gaining financial control over another corporation or financial institution through a payment in cash or an exchange of stock
    • thrift institution - a depository financial institution intended to encourage personal savings and home buying
    • home loan bank - one of 11 regional banks that monitor and make short-term credit advances to thrift institutions in their region
    belongs to: banking industry, banking system - banks collectively
    same as: bank, banking company, banking concern

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