Branch Bank Law and Legal Definition
Branch bank is a bank established by another bank, known as the principal or main bank, at a location in a city, village, or town other than that in which the main bank is located, for transacting a banking business. Sometimes a branch bank is regarded as a separate institution, at other times as an agent of the main bank.
Branch banks in effect carry on the same business as that conducted by a parent institution without being subject to the safeguards thrown around the establishment and administration of the latter. [Marvin v. Kentucky Title Trust Co., 218 Ky. 135 (Ky. 1927)].
