In this title: “Bank” means a person engaged in the business of banking, including a savings bank, savings and loan association, credit union, or trust company; “Depositary bank” means the first bank to take an item even though it is also the payor bank unless the item is presented for immediate payment over the counter; “Payor bank” means a bank that is the drawee of a draft; “Intermediary bank” means a bank to which an item is transferred in course of collection except the depositary or payor bank; “Collecting bank” means a bank handling an item for collection except the payor bank; and “Presenting bank” means a bank presenting an item except a payor bank.