Definition of community bank in English:
A commercial bank that derives funds from and lends to the community where it operates, and is not affiliated with a multibank holding company.
- Despite all the doubts from many in the banking industry, Fleet has proved it can operate a community bank profitably, while delivering high-quality service to those who need it most.
- In essence, the way we operate is much like a community bank and yet, we gain some of the advantages of a larger company.
- The bank's president explains that a community bank can ‘look beyond the numbers alone and focus on other issues that are actually very important.’