National bank


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National bank

A commercial bank approved by the U.S. Comptroller of the Currency, which is required to be a member of and purchase stocks in the Federal Reserve System.

National Bank

In the United States, a bank that has received its charter from the Office of the Comptroller of the Currency (OCC). National banks are regulated by the OCC and are required to be member banks of the Federal Reserve System. Deposits in national banks are insured by the FDIC.

National bank.

All banks in the United States are chartered by either a state government or the federal government. Federally chartered banks, called national banks, are overseen by the Comptroller of the Currency of the US Department of the Treasury.

All national banks are members of the Federal Reserve System and deposits are insured by the Federal Deposit Insurance Corporation (FDIC).

The dual banking system of federal- and state-chartered banks can be traced to the National Banking Act of 1863. The act created the new federal bank system in an attempt to impose order on what had been a chaotic situation. State banks have survived, however, and the two banking systems coexist.

References in periodicals archive ?
California National Bank has been sort of a phantom bank, quietly performing instead of promoting, but that will change,'' Mitchell said.
As noted above, the OCC has reviewed and approved the proposed merger of City National Bank and First National Bank under the Bank Merger Act.
This press release may be deemed to be solicitation material in respect of the proposed merger of Landmark National Bank with and into 1st Pacific Bank of California, a wholly owned subsidiary of 1st Pacific Bancorp.
Based on a review of the entire record, and for the reasons discussed above, the Board concludes that considerations relating to convenience and needs, including the CRA performance records of First National Bank and Nueces Bank, are consistent with approval of the proposal.
Since 1888, First National Bank has focused on growing to meet the needs of its customers.
Important factors impacting such forward-looking statements include competitive conditions in The First National Bank of Ipswich's marketplace generally, the expected benefits of the transfer of trust department assets may not be realized or may be realized more slowly than expected, expected revenue and business synergies from the transaction may not be fully realized or realized within the expected time frame, changes in the securities or financial markets, and general national and local economic conditions.
In the National Bank Act, Congress gave the Comptroller direct authority to examine national banks and to ensure a complete examination of such banks and bank affiliates.
This is the second time First National Bank & Trust has donated land to a Kokomo-based charity.
114bank (Japan) - 1st Bank (USA) - 1st National Bank Of Pryor (USA) - 1st National Bank Of Scotia (USA) - 1st Source Bank (USA) - 1st Summit Bank (USA) - 3I Group PLC (UK) - Aargauische Kantonalbank (Switzerland) - Abanka Vipa DD (Slovenia) - ABB Export Bank (Switzerland) - Abbey National PLC (UK) - Abbotsford State Bank (USA) - Abington Bank (USA) - ABN Amro The Network Bank (Netherlands)- ABN Amzro, Copenhagen (Denmark) - ABN Amro (India) - ABN Amro Bank (Romania) SA (Romania)
NASDAQ Small Cap: PNBK), parent company of Patriot National Bank, today announced that Patriot National Bank headquartered in Stamford, Connecticut has signed an agreement to acquire a branch office and related deposits at 45 West End Avenue, New York, New York, from bcpbank, a national bank headquartered in Newark, New Jersey.
Community National Bank (stock symbol CBNY, OTCBB) has been delegated by the United States Small Business Administration to participate in both its Preferred Lenders and SBAExpress programs, it was announced by Stuart H.
First Ipswich Bancorp (OTC:FIWC), the bank holding company for The First National Bank of Ipswich (the "Bank"), announced today that Donald P.

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