local bank

Nearby place for deposits

A local bank is a financial institution serving a specific community or region, as opposed to a national or international bank.

Local banks emphasize personal relationships and knowledge of the local economy: The local bank approved our loan when the big banks wouldn't.

Credit unions and community banks fall under this umbrella.

Opposites
geographic scope and reach

local banknational bank

Government-regulated financial institution

megabank · regional bank

ownership and community connection

local bankcredit union

Member-owned financial cooperative

institutional scale and corporate structure

local bankJPMorgan Chase

Multinational banking corporation

Bank of America · Wells Fargo · Citibank · HSBC · Deutsche Bank

Family

local, bank, locale, locally, localize, localized, localization, locality, locals

Familiarity
Top 200,000
Profile
Known to kids · Used worldwide · Timeless · Concrete · Everyday, not technical · Rated G