Is Jiangnan Bank a regular bank?

Jiangnan Bank is a regular bank. Jiangnan Bank is a prefecture-level regional rural commercial bank voluntarily initiated and established by five small and medium-sized rural financial institutions under the jurisdiction of Changzhou City, Jiangsu Province, namely Wujin Rural Commercial Bank, Liyang Rural Cooperative Bank, Changzhou Urban Rural Credit Cooperative Association, Changzhou Xinbei District Rural Credit Cooperative Association and Jintan Rural Credit Cooperative Association, with the consent of the State Council and the approval of China Banking Regulatory Commission. Jiangnan Bank is the first prefecture-level joint-stock rural commercial bank in China, and it is the pilot unit of secondary capital bond issuance and asset securitization determined by CBRC. Jiangnan Bank, the full name of Jiangnan Rural Commercial Bank, is a formal local city commercial bank established by five small and medium-sized rural financial institutions under the jurisdiction of Changzhou with the approval of the State Council and China Banking Regulatory Commission. It is the first prefecture-level joint-stock rural commercial bank in China.