Definitions
The cost to borrow money, reward for depositing money
What is interest?
These kinds of banks are regulated and receive their charters by the state.
The most common account type, almost everyone has one.
What is a checking account?
The primary way banks make money.
What is lending?
What is loans?
The year the Great Gatsby was released, also the year CSB received it's banking charter.
What is 1925?
Man, I spent too much money, and now my account is this.
What is overdrawn?
These banks receive their charter from the Fed.
What are National Banks?
These accounts earn interest and are designed to safekeep extra funds.
What is a savings account?
Deposit accounts can generate income for a bank, through these.
What are fees?
What are service fees?
This Texas city is the first city with a DeNovo branch for Citizens State Bank.
What is Brenham?
These funds brought over from another bank or credit union, a bank loves getting them.
What is new money?
These financial institutions typically required membership to join.
What are Credit Unions?
Not just a Compact Disc, CD also stands for this kind of product.
What is a Certificate of Deposit?
The most common way a bank fails, especially during the Great Depression.
What is a bank run?
What is a run on the bank?
The current CEO and President of Citizens State Bank.
Who is Aaron Flencher?
This four letter corporation insures all deposits up to a set amount.
What is the FDIC?
These financial institutions are older and limited on what they can offer, but are still around today.
What are Saving & Loan?
What are Savings Banks?
A hybrid account, combining the interest rate of one account and the transaction ability of another.
What is a money market account?
What is a MMDA?
Banks can purchased failed banks from this corporation.
What is the FDIC?
The hardest working department at CSB.
What is the Marketing Department?
Your parents hated seeing this three-letter acronym stamped on their checks, meaning it wasn't paid.
What is NSF?
Citizens State Bank is this kind of bank, the opposite of corporate.
What is a Community Bank?
The acronym for N.O.W.
Not enough money on the books to cover the depositors means a bank is considered this.
What is illiquid?
CSB prides itself on being this kind of bank.
What is a community bank?