What Does an FSB Bank Mean?

Answer FSB stands for "federal savings bank." These banks were originally structured mainly to make mortgage loans, according to AllBusiness. Nearly 30 years ago, the powers of FSB were expanded to includ... Read More »

Top Q&A For: What Does an FSB Bank Mean

If My Bank Account Is Closed by the Bank, Does It Mean I Can't Open Another Account?

Banks close accounts for a variety of reasons, and depending on the reason your bank closed your account, you may find it difficult to open a new account at the same bank or even at another institu... Read More »

What does breaking the bank mean?

This is an idiomatic phrase that refers to the perceived great cost of an item or event - more than could be afforded. However, it appears to have French origins instead. Referring to a circumstanc... Read More »

What does a bank-owned REO mean?

Bank-owned REO refers to real estate owned by a bank. This real estate is usually acquired through a foreclosure process on property that is used as collateral for loans that are in default by the... Read More »

What does n. a. on bank accounts mean?

The initials N.A., often seen behind bank names, stand for national association. Banks with this denotation are regulated and chartered by the Office of the Comptroller of the Currency.References:... Read More »