What is the Industrial Banks Industry?
Industrial banks, also known as industrial loan companies, are financial institutions authorized to make consumer and commercial loans and to accept federally insured deposits. Either financial or commercial operators can own these types of banks. The Federal Reserve does not regulate industrial banks under the Bank Holding Act; instead, the state under which they are charted and the Federal Deposit Insurance Corporation regulates them.
Industry Products
LoansDepositsCredit financingFinancial planning
Industry Activities
Accepting demand and other depositsMaking commercial, industrial and consumer loans