Banks are subjected to heavy regulation in the interest of protecting consumers and the preserving the integrity of our financial system. Corporations are legally prohibited from engaging in the banking business unless they are licensed to do so. In fact, to avoid confusion or fraud, corporations are not even permitted to use the work “bank” in their name unless they really are a licensed bank.
So, non-blank corporations that are affiliated with a bank, such as a bank’s subsidiary or holding company often use the word “banc” instead: e.g., Banc of America Securities, BancAmerica Robertson Stephens, etc. Although these corporations are affiliated with Bank of America, they technically are licensed banks themselves. So, banc.
2006-07-21 07:09:05
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answer #1
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answered by Spot! 3
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They are the same, at first I though Banc was a scam site and some one didn't know how to speel but it is their name as well. PS NEVER "bank" there. You will have your money stolen by the bank in a varierty of ways. They are the subject for multiple lawsuits for their fees and manpulation of transaction in order to incur overdraft charges. Check them out online they're in rip off reports, epioions.com even wikipedia!
Get your money out now before it's too late and they've fee'd you to death!
2006-07-21 18:18:20
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answer #2
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answered by double v 5
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