A par bank is one that issues stock (equity shares) with a stated value printed on the face of each share of stock.

Name: A par bank is one that issues stock (equity shares) with a stated value printed on the face of each share of stock.
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A par bank refers to a bank that accepts deposits and makes loans, not to the issuance of stock with a stated value. The term "par value" relates to the face value of a bond or the stated value of a stock, not to the functions of a bank.

A Par Bank Is One That Issues Stock (Equity Shares)