Public vs. Private If you read the financial news, you might assume that most banks in the United States are publicly traded, as they’re the only ones that attract widespread media attention. But just the opposite is true: Most banks in this country are privately held. They tend to be smaller banks owned by local investors who live in the communities the banks serve. There were 360 banks in the United States at the end of 2020 that traded on the New York Stock Exchange or NASDAQ, not including banks that trade over the counter, according to YCharts.com. That compares...
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