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<p>[QUOTE="satootoko, post: 41287, member: 669"]In banker lingo "regional" bank just means a major bank that is not one of the top-tier multi-state operations like Wells Fargo or Bank of America. Union Bank of California is an example. The regionals often act as correspondent banks for smaller local banks, providing services to their customers that the small banks can't offer directly, such as foreign exchange.[/QUOTE]</p><p><br /></p>
[QUOTE="satootoko, post: 41287, member: 669"]In banker lingo "regional" bank just means a major bank that is not one of the top-tier multi-state operations like Wells Fargo or Bank of America. Union Bank of California is an example. The regionals often act as correspondent banks for smaller local banks, providing services to their customers that the small banks can't offer directly, such as foreign exchange.[/QUOTE]
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