Institutions classified as depository ones and have loans as their major assets are classified as

Institutions classified as depository ones and have loans as their major assets are classified as commercial banks. A commercial bank is a type of financial institution that accepts deposits, offers checking account services, makes various loans, and offers basic financial products like certificates of deposit (CDs) and savings accounts to individuals and small businesses. A commercial bank is where most people do their banking, as opposed to an investment bank.