Drop off developer by The Bank (5)

I believe the answer is:

levee

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'bank' is the definition.
(I know that levee is a type of embankment)

I can't explain the rest of the clue.

(Other definitions for levee that I've seen before include "Morning reception once held by monarch" , "Retaining embankment" , "Early morning reception by a monarch" , "Riverside embankment" , "Flood embankment" .)

I've seen this clue in The Irish Times.

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