Nonmember bank

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Nonmember bank

Depository institution that is not a member of the Federal Reserve System. Specifically, a state-chartered commercial bank that has elected not to join the System.

Nonmember Bank

In the United States, a state-chartered bank that has opted not to join the Federal Reserve System. Such banks are required to place a certain number of their accounts at a Federal Reserve Bank so as to meet reserve requirements. However, nonmember banks allowed access to the Federal Reserve's discount window are not required to purchase stock in the Federal Reserve. In general, nonmember banks are less regulated than member banks. For example, they are allowed to keep at least a portion of their reserves in interest-bearing securities. They are subject only to the laws of the states in which they are chartered.
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As part of the proposal, BB&T would merge SunTrust Bank with and into its subsidiary state non-member bank, Branch Banking and Trust Company, Winston-Salem, North Carolina.
VisionBank is a Virginia Corporation formed to create VisionBank which has filed its application to become a Virginia chartered non-member bank headquartered in Tysons Corner, Virginia.
CU Bancorp, headquartered in Los Angeles, , is the parent of California United Bank, a California state-chartered non-member bank, with approximately USD 3bn in assets and nine branches located in Los Angeles, Orange, Ventura and San Bernardino counties at 31 December 2016.
East-West is a wholly owned subsidiary of Commerce Bank and Trust Co., Worcester, Massachusetts, which is a state non-member bank supervised by the FDIC.
Valley Republic Bank is an FDIC-insured, state-chartered, non-member bank of the Federal Reserve System.
CU Bancorp, headquartered in Los Angeles, CA, is the parent of California United Bank, a California state-chartered non-member bank, with approximately $3.0 billion in assets and nine branches located in Los Angeles, Orange, Ventura and San Bernardino counties at December 31, 2016.
US Metro Bank is a full service commercial non-member bank headquartered in Garden Grove, California, USA.
Valley Republic Bank is an insured, state-chartered, non-member bank of the Federal Reserve System.
FirstCity Bank, headquartered in North Palm Beach, Florida, is a Florida chartered non-member bank. Firstcity offers a range of banking and financial services to small and middle-market businesses and individuals through its community focused approach.
Andrew Voysey, Director of Finance Sector Platforms at Cambridge Institute for Sustainability Leadership declared: The BEI has been pleased to work with BNP Paribas for over a year as a non-member bank that adopted the BEI s Soft Commodities Compact with the Consumer Goods Forum.
First NBC, headquartered in New Orleans, Louisiana, offers a range of financial services through its wholly-owned banking subsidiary, First NBC Bank, a Louisiana state non-member bank.
First NBC, headquartered in New Orleans, Louisiana, offers a broad range of financial services through its banking subsidiary, First NBC Bank, a Louisiana non-member bank. First NBC's primary market is the New Orleans metropolitan area and the Mississippi Gulf Coast.