The N.C. Office of the Commissioner of Banks (NCCOB) regulates banks, savings banks, savings
and loan associations, and trust companies. Banks, savings banks, and savings and
loan associations are very similar types of businesses that offer a safe place to
deposit money and provide loans. Trust companies provide a variety of services,
including helping to manage money or other property that is held in a special legal
arrangement known as a trust. Not all banks, savings banks, savings and loan associations,
and trust companies that operate in North Carolina are directly regulated by NCCOB.
Some of these businesses are chartered and regulated by other states or by the federal