The Second National Bank of Guthrie has opened an office in Chile. This office offers a full line of services and is not a separate legal entity from the Second National Bank of Guthrie. The type of office the Second National Bank of Guthrie open in Chile is the Branch Office
Explanation:
A branch office is one that :
A branch office is a location, which is other than the main office, where a business is conducted. A branch office consist of MANY smaller divisions of different DEPARTMENTS of the company such as human resources, marketing, and finance.
The main Difference between a branch office and a subsidiary is that a branch office is not a separate legal entity of the parent corporation whereas a subsidiary is a separate legal entity from the parent, although owned by the parent corporation.
