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Mollie Carter: Common Types of Banking Institutions

· Mollie Carter,Mollie Hale Carter

Mollie Carter enjoys the opportunity to work in a challenging and rewarding environment. A longtime member of the banking industry, and current CEO/President of Sunflower Bank, Carter is a stand-out professional in what is an exciting, ever-evolving field; one in which she has continually excelled and thrived for more than 20 years.

As a banking professional, Mollie Carter understands not only how large her field is, but just how many unique specialties exist within the banking sector. Some of the more common specialties in banking include:

Retail Banking

Retail banks are those institutions most individuals rely on for basic banking services, such as checking, savings, loans, credit card services and so on.

Commercial Banking

Commercial banks focus primarily on the banking needs of enterprises; those which tend to be far more complex than the needs of individuals.

Credit Unions

Though similar to retail and commercial banks, credit unions are not-for-profit institutions that are actually owned by their customers. There is usually a common bind among credit union customers, such as organizations they belong to, where they’re located, etc.