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 ?
Bucks County Bank is a Pennsylvania, state-chartered bank, with four full-service locations in Doylestown, Warminster, Bensalem and Levittown, Pennsylvania.
State law in Arkansas keeps regulatory actions against state-chartered banks confidential, which might also be an appealing difference.
The Bank of Lockesburg (Sevier County), a state-chartered bank owned by DeWitt First Bankshares, is being absorbed by its sister bank, First National Bank of DeWitt.
With total assets of nearly USD3.4bn, Independent Bank Corporation is a Michigan-based bank holding company that operates a branch network across Michigan's Lower Peninsula through one state-chartered bank subsidiary - Independent Bank.
(NASDAQ: CBAN), the holding company for Colony Bank, a Georgia state-chartered bank, has said that it has entered into a merger agreement with LBC Bancshares Inc., parent company of Calumet Bank, a Georgia state-chartered bank, under which Colony has agreed to acquire 100 percent of the common stock of LBC in a combined stock-and-cash transaction valued at nearly USD34.1m.
is the multi-bank financial holding company for West Town Bank & Trust, a North Riverside, Illinois based state-chartered bank, and Sound Bank, a Morehead City, North Carolina based state-chartered bank.
of a small state-chartered bank doesn't make up 'for the fees lost when a large state-chartered bank is acquired or converted to a national charter.
Faithful readers won't be surprised to learn that this has something to do with John Allison and Robert "Bunny" Adcock's new incarnation of Twin City Bank, since it has already been reported that the state-chartered bank will be located in Lakewood Village.
Cathay General Bancorp is the holding company for Cathay Bank, a California state-chartered bank that offers a wide range of financial services.
CB Financial Corporation was a North Carolina state-chartered bank holding company, and was the parent company of Cornerstone Bank.
The state-chartered bank already has opened branches in Maumelle, on West Markham Street in Little Rock and in the Heights this year.
An independent community bank, Jefferson Security Bank is a West Virginia, USA, state-chartered bank that provides general banking services in West Virginia, Maryland and Virginia.

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