What are Specialized Banks?

What are Specialized Banks? Is this the current trend within Banking? What are the Advantages and disadvantages of Specialized Banking?

Answers:
Advantages: more experienc beside special services. Piossible lower costs

Disadvatage: Too restricted surrounded by skill and could be overspecialized.

Here is a indication of specialized services offered:

Specialized Banking offer oodles specialized services that stir beyond traditional bank to deliver the expertise and resources you need—from insurance programs to de novo consulting to Internet-based services that bring you adjectives the advantages of today’s most advanced bank technology.

De Novo Consulting
Escrow Accounts
Asset Management/Trust Services
Bank Cards
Business Ownership Transition Consulting
Fed Funds Sweep Accounts
Internet-Based Account Management
Bank Owned Life Insurance (BOLI)
401-k and Defined Benefit Plans
Profitability Consulting


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