What does a commercial bank do?

Commercial banks accept deposits, make loans, safeguard assets, and work with many small and medium-sized businesses and consumers. Investment banks provide services to large corporations and institutional investors. Commercial banks usually have tellers, sales associates, trust officers, loan officers, branch managers, and technical programmers.

What is the difference between investment banking and commercial banking?

Investment banking primarily acts as a broker between entities who want to get into a financial arrangement like dealing in the purchase and sale of the stock, Mergers, acquisitions, and helping in the initial public offer. In contrast, commercial banking provides services concerning taking deposits and giving loans to individuals and companies.

What is a commercial bank example?

Commercial banks are used to make deposits or finance an auto loan. An example might be a Home Trust Bank in North Carolina or a Deerwood Bank in Minnesota. Commercial banks can also operate on a larger scale, such as Citibank and Bank of America. Commercial and investment banks are important in modern society because they have different purposes.