Yantai Bank, formerly known as Yantai Cooperative Bank, was jointly established by five urban credit cooperatives in Yantai and 1 1 urban credit cooperatives. It is a local joint-stock commercial bank and a state-owned enterprise. Except the People's Bank of China and its subordinate branches, which belong to the banking management department, all other banks have been restructured into joint-stock systems, that is, enterprise management.
Yantai Bank is a local joint-stock commercial bank in Yantai City, Shandong Province.