/ kəˈmɝːʃl̩ ˈbæŋk /
full service bank
A financial institution that accepts demand deposits and makes loans and provides other services for the public; SYN. full service bank.
Bank that offers services to personal and corporate customers, such as current and deposit accounts as well as loans and overdrafts (unlike savings banks or merchant banks). They offer a range of other services including foreign currency dealing, insurance, and pensions. The activities of commercial banks are regulated by a central bank.
A bank organized chiefly to handle the everyday financial transactions of businesses (as through demand deposit accounts and short-term commercial loans.