commercial bank

noun

Definition of commercial bank

: a bank organized chiefly to handle the everyday financial transactions of businesses (as through demand deposit accounts and short-term commercial loans)

Examples of commercial bank in a Sentence

Recent Examples on the Web The holding company, along with the consumer bank, will be based in Columbus, while the commercial bank will be headquartered in Detroit. Hannah Levitt, Bloomberg.com, "Huntington Bancshares to Acquire TCF Financial for $6 Billion," 14 Dec. 2020 Official documents suggest that consumers and businesses would download a digital wallet on their mobile devices and load the token linked to their accounts at a commercial bank -- similar to going to an ATM. Bloomberg.com, "China’s Digital Currency Could Reshape Macau’s Gambling Industry," 1 Dec. 2020 In May 2016, Uber launched its first loan program with Sidian Bank, a commercial bank in Kenya. NBC News, "Uber made big promises in Kenya. Drivers say it's ruined their lives.," 29 Nov. 2020 Mason is one of the few Black executives working for a major commercial bank. Chauncey Alcorn Cnn Business, CNN, "Citi is spending $1.15 billion to help close America's racial wealth gap," 23 Sep. 2020 UBS*Excess liquidity = commercial bank deposits minus minimum reserve requirements. Anna Hirtenstein, WSJ, "Oversupply of Easy Money Sends European Borrowing Rates to Record Low," 3 Sep. 2020 Ashok Aram, who also heads the firm’s international private and commercial bank operations, is departing for personal reasons, according to the people. Dinesh Nair, Bloomberg.com, "Deutsche Bank’s Head of EMEA Is Leaving the Company," 11 June 2020 Under a government program approved in late April, commercial banks are set to receive a credit guarantee of up to 100% on no-interest, no-collateral loans to small and midsize businesses hit by the pandemic. Megumi Fujikawa, WSJ, "Bank of Japan Shows ‘Whatever It Takes’ Attitude With $700 Billion Coronavirus Plan," 22 May 2020 Calling on its electronic printing press, the Fed will provide most of the money for the program, but commercial banks, such as JPMorgan Chase and Wells Fargo, will distribute and underwrite the loans. John Cassidy, The New Yorker, "The Man with the U.S. Economy (and Trump’s Reëlection Chances) in His Hands," 28 Apr. 2020

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'commercial bank.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of commercial bank

1910, in the meaning defined above

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Time Traveler for commercial bank

Time Traveler

The first known use of commercial bank was in 1910

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Cite this Entry

“Commercial bank.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/commercial%20bank. Accessed 17 Apr. 2021.

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More Definitions for commercial bank

commercial bank

Legal Definition of commercial bank

— see bank

More from Merriam-Webster on commercial bank

Britannica.com: Encyclopedia article about commercial bank

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