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national bank

noun

  1. a bank chartered by the U.S. government and formerly authorized to issue notes that served as money.
  2. a bank owned and administered by the government, as in some European countries.


national bank

noun

  1. (in the US) a commercial bank incorporated under a Federal charter and legally required to be a member of the Federal Reserve System Compare state bank
  2. a bank owned and operated by a government


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Word History and Origins

Origin of national bank1

An Americanism dating back to 1780–90

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Example Sentences

Many have long struggled to compete with the deep pockets of national banks and the tech savvy of neo and challenger banks, like Varo and Monzo.

In October, SoFi received preliminary approval from the Office of the Comptroller of the Currency for a national bank charter, a move that if finalized would reduce its cost of funds.

From Fortune

Preston recently opened a business account with City National Bank in Los Angeles.

What lawyer of a certain age doesn't remember names such as Bernie Cornfeld, Robert Vesco, Crazy Eddie, Franklin National Bank?

The president, top military commanders, and the head of the National Bank—they were all on the same plane?

Leon Fraser, President of the First National Bank of New York and the Bank of International Settlements.

A national bank must have five directors, not infrequently the board is composed of ten, fifteen, or even more.

Braceway lingered several minutes on the steps outside the Anderson National Bank.

The law provides for the publication of sworn reports, from time to time, of the condition of each national bank.

Among these was the creation of a national bank, at the beginning of 1791.

The subscriptions to the national bank were filled in a day, and could easily have been doubled.

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National Association for the Advancement of Colored PeopleNational Book Award