While both commercial banks and savings banks accept customer deposits and offer essential financial products, their historical operational models and primary lending focuses differ significantly. Commercial banks are structured to serve a wide array of customers, including individual retail consumers and large corporations, generating revenue through commercial loans, business accounts, treasury services, and corporate financing. In contrast, traditional savings banks were historically established to encourage personal thrift among local residents, focusing primarily on accepting consumer savings deposits, offering certificates of deposit, and issuing residential real estate mortgages and personal loans within their local communities. In modern banking practice, these distinctions have blurred considerably as both types of institutions offer overlapping suites of checking, savings, and loan products.