What type of bank is Brown Brothers Harriman?
Brown Brothers Harriman is classified as a private commercial bank and stands as the oldest private bank operating in the United States. Unlike publicly traded financial institutions or large retail banks, it operates as a private partnership, focusing exclusively on three core business segments: private banking, investment management, and investor services. The institution historically serves wealthy families, select corporations, endowments, and institutional investors, providing highly specialized custody, accounting, foreign exchange, and tailored asset management solutions while intentionally avoiding mass-market retail banking operations and public stock offerings.
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