Many community banking companies have wealth management units, but lately more small and midsize wealth managers have been getting into the banking business.

Wedbush Inc., the parent of Wedbush Morgan Securities, will open Wedbush Bank on Monday. Capitalized with $20 million, the start-up will offer business loans and cash management services to small and midsize companies, along with personal loans, checking accounts, certificates of deposit - and possibly trust and insurance services in the future - to business owners and other high-net-worth individuals.

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