Bank Examination (Noun)
Meaning
An examination of the affairs and records of a bank by a state or federal bank examiner.
Classification
Nouns denoting acts or actions.
Examples
- The bank examination revealed several discrepancies in the financial records that required immediate attention.
- As part of the bank examination, the examiner reviewed the bank's loan portfolio and found several high-risk loans.
- The bank examination process typically involves a thorough review of the bank's assets, liabilities, and capital.
- The state banking department conducted a regular bank examination of the bank to ensure compliance with state banking laws.
- The bank examination report highlighted several areas of concern, including inadequate risk management practices and poor internal controls.