Definitions for "Banc"
Banc (also banc-corp, bancorp, or bancorporation) is a marketing term (chiefly used in the United States) 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 America the new investment banking entity is known as Banc of America Securities LLC or Bank of Manhattan, then its insurance business might be known as "Banc of Manhattan Insurance" and its holding company might be called "Manhattan Bancorp". This practice originates from legal necessity: Under the laws of most states, a corporation may only use the word "bank" in its name if it is a registered and federally insured financial institution.
A bench; a high seat, or seat of distinction or judgment; a tribunal or court.