The term 'bank' is correctly used to refer to a combination of parallel branches in electrical circuits, and it is true that this term can apply to configurations of capacitors or resistors.
The statement 'A combination of parallel branches is often called a bank' is true. In electrical engineering, a parallel circuit is sometimes referred to as a bank, particularly when it involves components such as capacitors or resistors.
In the context of the Panic of 1819, this question may be slightly misleading as it does not directly relate to the economic events of that time. However, it might be worth noting that the Panic of 1819 actually decreased the American people's faith in the Second Bank of the United States rather than increasing it, as banks were largely blamed for the economic troubles.
In summary, for electrical circuits, the term 'bank' does correctly refer to a set of parallel branches.