Niche Banks

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Dictionary Says

Definition of 'Niche Banks'

Banks that cater to and serve the needs of a certain demographic segment of the population. Niche banks typically target a specific market or type of customer, and tailor a bank's advertising, product mix and operations to this target market's preferences.
Investopedia Says

Investopedia explains 'Niche Banks'

A good example of a niche bank is the Golf Savings Bank, which sponsors golf tournaments and offers up to $10,000 for PGA members who score a hole in one and have a specific account at the bank.

Other good examples of niche banks include Reid Temple AME Church Federal Credit Union, which has convenient hours before and after church on Sundays, and BowieBanc, which offered an ATM card with a picture of David Bowie before it shut down.

If considering a niche bank, it is important to make sure it is FDIC insured, and to ensure that it is a separately chartered entity and not affiliated with a bank where you might already have deposits. This is because the FDIC generally limits deposit insurance to $100,000 per person per chartered institution.
Search results for

'Niche Banks'

  • America's Best Banks Of 2006: A Look Back

    http://stocks.investopedia.com/stock-analysis/2011/Americas-Best-Banks-Of-2006-A-Look-Back-CBSH-GBCI-CYN-PRK-SNV-USB0909.aspx
    ... Condo Effect The best banks prior to the financial crisis were a diverse set of
    institutions ranging from niche or regional players to large national banks. ...

  • 6 Niche Graduate Programs That Meet Market Demand - Investopedia. ...

    http://financialedge.investopedia.com/financial-edge/0811/6-Niche-Graduate-Programs-That-Meet-Market-Demand.aspx
    ... 6 Niche Graduate Programs That Meet Market Demand. ... Building upon what you did as
    an undergraduate, graduate programs help you refine a niche set of skills. ...

  • Big Banks Sold Short

    http://stocks.investopedia.com/stock-analysis/2009/Big-Banks-Sold-Short-OZRK-CATY-ZION-UCBH0213.aspx
    ... short selling, be sure to check out our Short Selling Tutorial.) Banks Gone Wild ...
    Cathay General Bancorp is a niche bank in California that serves the Chinese ...

  • CIPM: The Key To A Niche Career In Finance

    http://www.investopedia.com/articles/professionaleducation/09/certificate-investment-performance-measurement-cipm.asp
    CIPM: The Key To A Niche Career In Finance. ... organizations that hire CIPM designation
    holders reads like a "who's who" of investment banks, investment management ...

  • Financial Careers: Finance Employers | Investopedia

    http://www.investopedia.com/university/financial-careers/financial-careers2.asp
    ... practice, most firms considered "investment banks" are either commercial banks from
    a ... smaller boutique firms might focus on a particular market niche, such as ...

  • Muni-phobia

    http://stocks.investopedia.com/stock-analysis/2010/Muni-phobia-MCO-MHP-BAC-C-BCS0623.aspx
    ... underwriting and trading municipal bonds is a relatively lucrative business, and
    the prospect of having yet another profitable niche for banks freeze up and ...

  • The Evolution Of Goldman Sachs - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0510/The-Evolution-Of-Goldman-Sachs.aspx
    ... Goldman was no longer a small bank looking for a niche. ... The company also bought up
    overseas banks and created new partnerships to expand its international ...

  • Capital One Profits Surge

    http://stocks.investopedia.com/stock-analysis/2011/Capital-One-Profits-Surge-COF-C-JPM-WFC-BAC0715.aspx
    ... While the market was bracing for potentially mediocre earnings from the big name
    banks, Capital One has managed to mine its credit card niche well. ...

  • What Is Private Equity?

    http://www.investopedia.com/articles/financial-careers/09/private-equity.asp
    ... These banks typically focus their efforts on deals with enterprise values worth ... These
    companies provide niche products and services that are not being offered ...

  • 10 Reasons Why Online Grocery Shopping Is Failing - Investopedia. ...

    http://financialedge.investopedia.com/financial-edge/0711/10-Reasons-Why-Online-Grocery-Shopping-Is-Failing.aspx
    ... it will remain a niche curiosity. Until then, there will always be a grocery store
    in every town. For related reading, see The Pros And Cons Of Internet Banks. ...

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