Private banks are banks owned by either an individual or a general partner(s) with limited partner(s). Private banks are not incorporated. In any such case, the creditors can look to both the "entirety of the bank's assets" as well as the entirety of the sole-proprietor's/general-partners' assets.
There were many private banks in Europe, but most have now become incorporated companies, so the term is rarely true any more. Today, the term "private bank" can also refer to the financial institution specializing in financial advice and services for high-net-worth individuals (private banking).
"Private banks" can also refer to non-government owned banks in general, in contrast to government-owned (or nationalized) banks, which were prevalent in communist, socialist and some social democratic states in the 20th century.
After being swept by the Golden State Warriors in the NBA Finals, the Cleveland Cavaliers will be heading in the 2018 offseason full of uncertainty ... His departure in Cleveland is expected to force the Cavaliers to undergo a full-scale rebuild. However, Terry Pluto of Cleveland.com revealed that the Cavaliers have no interest in undergoing a rebuild similar to the Philadelphia 76ers ... ....