 There are 24 cantonal banks, one in each canton of the country, except for the cantons of Appenzell Ausserrhoden, which sold its bank to banking rival UBS, and Solothurn, which privatised its bank in 1995 after a scandal.Each bank uses a distinctive motif as the logo, with a cantonal colour on white used as the colours of the bank, e.g.light blue for Zürcher Kantonalbank (Zurich Cantonal Bank).