There have been a number of fatal dam breaks in the United Statest. 1977: The Kelly Barnes Dam, an old earthen dam in Georgia, gave way in the middle of the night. Internal erosion probably caused the failure. Thirty-nine people were killed at a small bible college below the dam.
The types of financial institutions include commercial banks, investment banks, insurance companies, brokerages, investment firms, management investment companies and non-bank financial institutions including credit unions, payday lenders and savings and loans institutions.
Both types of. institutions continue today, contribut-. ing to Americaâs decentralized banking. system in which banks of varying sizes. serve the needs of small businesses, large businesses and consumers in. local, regional, national and interna-. tional markets.