unit banking meaning

  "unit banking" in a sentence
[Economics]
A system of banking in which a bank must be a single enterprise without branches. This was once common practice in the USA, but regulators have turned against this form of bank, following the collapse of the Continental Illinois Bank.

Examples

  1. Glass and Willis also identified the " unit banking " system of small, single office banks as a basic weakness of U . S . banking.
  2. Historically in Canada regional risk has always been spread nationally within each large bank, unlike the uneven geography of US unit banking, layered with savings & loans of regional or national size, who in turn disperse their risk through investors.
  3. Historically, in Canada, regional risk has always been spread nationally within each large bank, unlike the uneven geography of US unit banking, layered with savings & loans of regional or national size, which in turn disperse their risk through investors.

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