5 funds, to make loans. These loans included consumer and commercial term loans and letters of credit, as well as residential and commercial mortgage loans. The banks also provided services and products to customers in addition to the loans. For consumer customers these services and products included checking accounts, savings accounts, money market accounts, safe deposit boxes, automated teller machine (ATM) cards, overdraft insurance, credit protection insurance, certified checks, wire transfers, and traveler's checks. For commercial customers these services and products included, deposit products, treasury management services, investment services, employee benefit plan services, and commercial night drop services. At all times material, loan interest was the largest source of revenue, and interest on deposits and other borrowings was the largest expense for each bank. Each bank also derived revenues and incurred expenses with respect to safe deposit boxes, ATM cards, late payments on loans, wire transfers, and traveler's checks. Branches operated by the banks had what are commonly referred to as "teller operations" and "platform operations". The teller operation at a branch consisted of teller windows staffed by tellers who, among other tasks, accepted deposits, disbursed cash, and sold cashier's checks, traveler's checks, and money orders. Tellers referred customers who were interested in other bank products, such as loan and deposit products, toPage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011