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This branch of financial services helps both people and organizations with a variety of tasks

31 Jul 2024 08:29 AM
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A Business
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Dallas, TX
dallas

Year Established

Since 2000

Business URL

N/A

Tags :

Financial Services

Contact Email

prathyusha.yerreddula@agilonconsulting.com

Description :

handing deposits into checking and savings accounts, as well as lending money to customers. About 10% of the money deposited into banks must stay on hand, as dictated by the Federal Deposit Insurance Corporation’s (FDIC) reserve requirement. The other 90% is available for loans. Some of the interest the bank earns from these loans is given to the customers who have deposited money into the bank.