Location: Detroit, Michigan Founded: May 14, 1970 FDIC Region: Chicago Assets: $396,316,000 Asset Change (2020): UP 33.9% NORTH CAROLINA MECHANICS & FARMERS BANK Location: Durham, North Carolina Founded: March 0
Commercial banks ensure liquidity by taking the funds that their customers deposit in their accounts and lending them out to others. Commercial banks play a role in the creation ofcredit, which leads to an increase in production, employment, and consumer spending, thereby boosting theeconomy. As ...