Great Eastern Bank
- New York

Banks are typically characterized by services they offer and their clientele base. National and state chartered banks, trust companies, stock savings banks and industrial banks are commonly known as commercial banks. These banks are the most versatile in funtionality; their operations range from making loans and invesments, handling demand and savings / time deposits.

Mutual savings banks, on the other hand, deal mostly with savings and time deposits; their loan services are quite limited. Another difference between commecial and mutual banks is the power commercial banks have to adjust their loans and investments as reserves and reserve requirements fluctuate. Mutual Savings Banks are tied to their customer deposits, which dictates the volume of their loans and investments.

F.D.I.C. - Federal Deposit Insurance Corporation - membership is mandatory for banks that are of the Federal Reserve, but is optional for private banks.

Being a commercial bank with F.D.I.C membership, Great Eastern Bank of New York offers the best of both worlds: A full range of services and great investment plans, coupled with the security of knowing that your money is safe.