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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
i) Foreign reserves held by the State Bank of Pakistan: US$ 8,271.1 million
By close of play, State Bank had reached 385 for the loss of five wickets in 103 overs.
Spokesperson state bank said that now afghan refugees can open their bank accounts and this is the first opportunity when they will be able to take benefit of it.
After closing, legacy Cadence and State Bank shareholders will collectively own approximately 63% and 37% of the combined company, respectively.
The President said that in the first phase, State Bank should allow BAJK for opening foreign currency accounts to facilitate the families of those settled abroad.
State Bank of Pakistan since 2008 has been offering long-term refinance facility for plant and machinery through commercial banks and development finance institutions to allow exporters an opportunity to avail concessional financing for imported and locally manufactured plant and machinery.
New Delhi [India], November 14 ( ANI ): India's largest bank State Bank of India (SBI) has reduced its total employee strength by 10,584 from April to September 2017.
The proposal does not include merger of State Bank of Patiala and State Bank of
Decatur State Bank reported equity capital of nearly $5.4 million and total assets of $146.4 million as of March 31.
The acquisition comes after the Michigan office of Financial and Insurance Regulation had closed Peoples State Bank and appointed Federal Deposit Insurance Corporation (FDIC) as the receiver.
"The Cabinet gave its nod to the merger of State Bank of Indore with SBI.

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