Regional bank

{{short description|Depository institution which operates in a region of a country}}

{{Globalize|1=article|2=United States|date=December 2024}}

A regional bank is a depository institution, such as a bank, savings and loan, or credit union, which is larger than a community bank and operates below the state level, but not so large that it would operate either nationally or internationally.{{Cite web |title=Community & Regional Financial Institutions |url=https://www.federalreserve.gov/supervisionreg/community-and-regional-financial-institutions.htm |access-date=2024-05-14 |website=www.federalreserve.gov |language=en}} {{Cite web |last=Salvucci |first=Jeremy |date=2023-05-03 |title=What Is a Regional Bank? Definition & Examples |url=https://www.thestreet.com/dictionary/regional-bank |access-date=2024-05-14 |website=TheStreet |language=en-us}} A regional bank is one that operates in one region of a country, such as a province or within a group of provinces.{{Cite web |last=Morrow |first=Allison |date=2023-05-14 |title=Analysis: Why the US needs regional banks {{!}} CNN Business |url=https://www.cnn.com/2023/05/14/business/regional-banks-analysis/index.html |access-date=2024-05-14 |website=CNN |language=en}} Regional banks typically have a number of branches that serve individuals and businesses across a given region.{{Cite web |last=Salvucci |first=Jeremy |date=2023-05-03 |title=What Is a Regional Bank? Definition & Examples |url=https://www.thestreet.com/dictionary/regional-bank |access-date=2024-05-14 |website=TheStreet |language=en-us}} The definition of what constitutes a regional bank is not precise, although the Federal Reserve describes it as an organization "with total assets between $10 billion and $100 billion".{{Cite web |title=Community & Regional Financial Institutions |url=https://www.federalreserve.gov/supervisionreg/community-and-regional-financial-institutions.htm |access-date=2024-05-14 |website=www.federalreserve.gov |language=en}}

The term is often used in the United States where regional banks are more common and within stock trading, when referring to investing in different bank types, usually referred to as regional bank ETF's (exchange-traded funds).{{cite web

| title = Top Regional Bank Picks By Legendary Fund Managers

| publisher = SeekingAlpha.com

| date = 11 October 2011

| url = http://seekingalpha.com/article/300377-top-regional-bank-picks-by-legendary-fund-managers

| access-date = 3 November 2011}}{{cite web

| last = John

| first = Spence

| title = Regional-bank ETFs sidestep recent financial-sector carnage

| publisher = MarketWatch.com

| date = 24 January 2010

| url = http://www.marketwatch.com/story/regional-bank-etfs-stand-tall-in-financial-sector-2010-01-24

| access-date = 3 November 2011}} They generally provide, with some limitations, the same services as larger banks, such as deposits; loans, leases, mortgages, and credit cards; ATM networks; securities brokerage; investment banking; insurance sales; and mutual fund and pension fund management.{{cite web

| title = American Regional Bank

| publisher = InvestorGlossary.com

| url = http://www.investorglossary.com/regional-bank.htm

| access-date = 3 November 2011}} They are also called 'sector-specific' lenders.{{Cite web |last=Morrow |first=Allison |date=2023-05-14 |title=Analysis: Why the US needs regional banks {{!}} CNN Business |url=https://www.cnn.com/2023/05/14/business/regional-banks-analysis/index.html |access-date=2024-05-14 |website=CNN |language=en}}

As of 2022, there are 134 regional banks with 13,109 branches in the United States.{{Cite web |title=How strong are regional and community banks in the US? |url=https://usafacts.org/articles/how-strong-are-regional-and-community-banks-in-the-us/ |access-date=2024-05-14 |website=USAFacts |language=en}}