A small bank in Pennsylvania has won the first regulatory approval to sell Internet access to the public, which could attract customers to on-line banking and other electronic services.

The decision, released Tuesday by the Office of the Comptroller of the Currency, could help national banks compete with nonbank providers of on-line financial services, experts said.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.