State bank

(redirected from State-Chartered Banks)
Also found in: Dictionary, Thesaurus.

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.
Mentioned in ?
References in periodicals archive ?
Like all California state-chartered banks, New Resource Bank deposits are insured by the Federal Deposit Insurance Corporation (FDIC), up to $100,000 per depositor.
Department of Financial Institutions Announces New State Bank; New Resource Bank Will Open for Business on Sept. 19 in San Francisco
Like all California state-chartered banks, Premier Business Bank deposits are insured by the Federal Deposit Insurance Corporation (FDIC), up to $100,000 per depositor.
Department of Financial Institutions Announces New State Bank; San Diego Private Bank Opened for Business on August 3, 2006 in La Jolla
During the last five years, 68 new state-chartered banks have opened with DFI approval.
Department of Financial Institutions Announces New State Bank; Pinnacle Bank Opened Its Doors on July 17 in Morgan Hill
During the last five years, 70 new state-chartered banks have opened with DFI approval.
Department of Financial Institutions Announces New State Bank - Presidio Bank Will Open for Business on July 24, 2006 in San Francisco
During the last five years, 69 new state-chartered banks have opened with DFI approval.
Department of Financial Institutions Announces New State Bank; American Riviera Bank Opened for Business on July 18, 2006 in Santa Barbara
Like all California state-chartered banks, the Five Star Bank Natomas deposits are insured by the Federal Deposit Insurance Corporation (FDIC), up to $100,000 per depositor.
Department of Financial Institutions Announces New State Bank; Five Star Bank Natomas Will Open its Doors for Business on January 5, 2004
Like all California state-chartered banks, the San Diego Trust Bank deposits are insured by the Federal Deposit Insurance Corporation (FDIC), up to $100,000 per depositor.
Department of Financial Institutions Announces New State Bank; San Diego Trust Bank Will Open its Doors for Business on October 27
Like all California state-chartered banks, Pacific City Bank deposits are insured by the Federal Deposit Insurance Corporation (FDIC), up to $100,000 per depositor.
Department of Financial Institutions Announces New State Bank -- Pacific City Bank Will Open Its Doors to the Los Angeles Community
DFI licensees include California state-chartered banks, state-licensed savings and loans, trust companies, state-licensed offices of foreign banks, issuers of travelers checks and money orders, transmitters of money abroad, state-licensed credit unions and industrial loan companies.
Commissioner of Financial Institutions Walter J. Mix III, Announces Surveillance of Financial Institution Internet Web Sites
We hope the OCC decision will provide an incentive to state regulators to provide this same opportunity to state-chartered banks where it is not already permitted.
MBIA'S authority to provide ASSURETY to collateralize trust deposits at national banks broadened by regulatory change
of San Francisco to acquire control of the three California state-chartered banks controlled by First Interstate Bancorp of Los Angeles (First Interstate Bank of California, First Interstate Central Bank and First Interstate Bank Ltd.
California Superintendent of Banks clears Wells Fargo-First Interstate merger
As a result, the branches of the two former state-chartered banks will be operated as branches of a single entity in both Massachusetts and New Hampshire.
Family Bancorp completes conversion to federal charter

Financial browser ?
Full browser ?