branch bank

A bank established by another bank, known as the principal or main bank, at a location in a city, village, or town other than that in which the main bank is located, for transacting a banking business; sometimes to be regarded as a separate institution, at other times as an agent of the main bank. 10 Am J2d Bks § 326. There is a distinction between a branch bank and an additional office of a bank for the receipt of deposits and the payment of checks. Marvin v Kentucky Title & Trust Co. 218 Ky 135, 291 SW 17, 50 ALR 1337.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

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