depository financial institution

Noun (1)

1. a financial institution that accepts deposits and channels the money into lending activities“he cashed a check at the bank”“that bank holds the mortgage on my home”Synonyms: bankbanking concernbanking companyType of financial institution, financial organizationKinds Home Loan Bank, lead bank, merchant bank, commercial bank, member bank, state bank, acquirer, Federal Reserve Bank, credit union, agent bank +1 moreMember of banking industry, banking system