bank closing

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Definitions from WordNet

Noun bank closing has 1 sense

bank closing - act of closing down a bank because of a fiscal emergency or failure
--₁ is a kind of closure, closedown, closing, shutdown

Definitions from the Web

Bank Closing

Description:

The term "bank closing" refers to the act of shuttering a bank and ceasing its operations permanently, typically due to financial insolvency or strategic decisions made by the bank's management.

Bank closing can have various implications on the local economy, customer trust, and overall financial stability of a region.

Sample Sentences:

The bank closing left many customers concerned about the safety of their deposits.
Due to the bank closing, several employees were laid off, impacting the community.
In recent years, bank closings have become more frequent, leading to reduced access to financial services in rural areas.
The news of the bank closing spread like wildfire, causing panic among the account holders.
The government intervened to prevent the bank's closing and stabilize the financial sector.

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