Meaning of the word "commercial bank" in English

What does "commercial bank" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

commercial bank

US /kəˌmɜːr.ʃəl ˈbæŋk/
UK /kəˌmɜːr.ʃəl ˈbæŋk/
"commercial bank" picture

Noun

1.

a bank that offers services to the general public and to companies, rather than to other banks

Example:
Most people use a commercial bank for their everyday financial needs.
The company secured a loan from a large commercial bank.
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