What Is The Purpose Of A Bankers Bank?
A banker's bank is a financial institution that exists to serve smaller banks. Generally, these are community banks that need access to the functions of larger institutions. In other words, this is a bank for bankers. They also may deal with credit unions. How does this work, and what are the potential benefits to big and smaller banks that are involved with it? You should be aware of these three aspects of a banker's bank and its purpose.