Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
All America Bank is a community bank founded in Mustang, Oklahoma, a small town southwest of Oklahoma City. Today, the bank's main office is in
All America Bank is a community bank founded in Mustang, Oklahoma, a small town southwest of Oklahoma City. Today, the bank's main office is in Oklahoma City, but most of its deposits remain in its branch in Mustang, Oklahoma. Among the various lines of business operated by the bank, All America operates a separately branded internet only bank that has a different brand and approach to its business. Research and answer the following questions about All America Bank. What brand is used for this company's online bank? Identify the deposit accounts offered by this online bank. What type of deposit account are each of these accounts transaction or nontransaction deposit accounts Using the FDIC website's financial data for this bank, what percentage of this bank's All America Bank total deposits are comprised of the following: Noninterest deposits Money market savings deposits Does this community bank make large amounts of consumer loans? Explain your answer.
All America Bank is a community bank founded in Mustang, Oklahoma, a small town southwest of Oklahoma City. Today, the bank's main office is in Oklahoma City, but most of its deposits remain in its branch in Mustang, Oklahoma. Among the various lines of business operated by the bank, All America operates a separately branded internet only bank that has a different brand and approach to its business. Research and answer the following questions about All America Bank.
What brand is used for this company's online bank?
Identify the deposit accounts offered by this online bank.
What type of deposit account are each of these accounts transaction or nontransaction deposit accounts
Using the FDIC website's financial data for this bank, what percentage of this bank's All America Bank total deposits are comprised of the following:
Noninterest deposits
Money market savings deposits
Does this community bank make large amounts of consumer loans? Explain your answer.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started