State bank

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State bank

A bank authorized in a specific state by a state-based charter, with generally the same functions as a national bank.

State Bank

In the United States, a bank that has received its charter from a state government rather than the federal government. A state bank has the option of whether or not to become a member bank in the Federal Reserve System. If it elects to become a member, there is no real difference between a state bank and a federal bank, except that the state bank generally does business only within a state. If it does not become a member, it is regulated only by the state in which it is based. See also: Nonmember Bank.
References in periodicals archive ?
About State Bank Financial Corporation and State Bank and Trust Company
This past May, Union State Bank provided a generous sponsorship of $20,000 as well as an enthusiastic team of employees for the hospital's 2nd annual "Walk the Walk and Family Fun Day.
The order requires the Central State Bank to pay a civil money penalty of $2,000, which will be remitted to the Federal Emergency Management Agency for deposit into the National Flood Mitigation Fund.
Prior to implementing CBS' solution, we did not truncate checks," said Gary Weirauch, chairman of the board at Citizens State Bank of Loyal.
About State Bank Financial Corporation and State Bank and Trust Company State Bank Financial Corporation (NASDAQ: STBZ) is the holding company for State Bank and Trust Company, one of Georgia's best-capitalized banks, with approximately $2.
In addition to the funds raised for the hurricane relief, Union State Bank has chosen to donate over $13,500 to the Westchester Chapter of the American Red Cross in lieu of customer and employee holiday gifts.
Illini State Bank has been running VSoft's Image Archive and Image Statements solutions since October, 2002.
Gedney commented, "Union State Bank is pleased to make a donation to the New Rochelle Opera, which as become a performing arts treasure in Westchester by presenting imaginative and appealing operas at reason able prices.
The State Bank of India, without admitting to any allegations, consented to the issuance of the order.
Calvin is very knowledgeable and has a good understanding of Silver State Bank's operating model," said Silver State Bank CEO Corey Johnson, "That knowledge made him the logical choice to assume these responsibilities.
EST, in which State Bank Chairman and CEO Joe Evans and Chief Financial Officer Tom Callicutt will discuss financial and business results for the quarter.
Michael Tedesco, vice president and assistant controller of Union State Bank, stated that, "Union State Bank is proud to be a premier sponsor of this year's Heart Walk.

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