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 ?
It is easy to see the relative size of state-chartered banks as compared to federally chartered banks in Alaska.
10 that would restrict the ability of state-chartered banks to conduct securities activities through bank subsidiaries, instead of in holding company affiliates.
The FDIC's revised Part 362 rules streamlines the process for healthy, well-capitalized state-chartered banks to take advantage of powers their states have authorized," said CSBS President and CEO Neil Milner today.
The state-chartered banks total assets as of March 31 increased 9.
New Jersey has 57 state-chartered banks and 24 state-chartered savings banks, all of which offer low-cost checking to consumers.
Higher exam fees will decrease the resources that state-chartered banks have to make these loans," said Lauffer, chairman/president/CEO of the First National Bank of Herminie, Penn.
The Conference of State Bank Supervisors is the professional association of the state officials who charter, supervise and regulate the nation's 8,800 state-chartered banks.
I am pleased to welcome New Resource Bank -- the 15th new bank to open in 2006 -- and to report that state-chartered banks continue to grow and prosper in California," said Michael A.
12 /PRNewswire/ -- The FDIC's proposed regulation governing the activities and permissible investments of state-chartered banks exceeds statutory requirements, the Independent Bankers Association of America said today.
E[acute accent]"I am pleased to welcome Friendly Hills Bank -- the 14th new bank to open in 2006 -- and to report that state-chartered banks continue to grow and prosper in California," said Michael A.
The Conference of State Bank Supervisors is the professional association of the state officials who charter, regulate and supervise the nation's 8,500 state-chartered banks.
Metro Bank -- the 13th new bank to open in 2006 -- and to report that state-chartered banks continue to grow and prosper in California," said Michael A.

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