Found in the following dictionaries
SOWPODS (Collins Scrabble Words)
OTCWL2014 (NASPA Word List 2014)
TWL06 (NASPA List 2006)
OTCWL2014 (NASPA Word List 2014)
TWL06 (NASPA List 2006)
"Banc" Definition
noun
Marketing slang (chiefly in USA) for the non-banking arms of a financial conglomerate that has "Bank" in its common name. For instance, if the original company was known as Bank of Manhattan, then its insurance business might be known as "Banc of Manhattan Insurance". It is a term of art, a meaningless word, that is meant to suggest the safety and soundness of a bank, without any actual representation of safety or soundness so that they are free to offer risky products without running afoul of false advertising laws.
Source: Wiktionary
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