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state bank

noun

  1. a bank chartered by a state and operated under the banking laws of that state.



state bank

noun

  1. (in the US) a commercial bank incorporated under a State charter and not required to be a member of the Federal Reserve System Compare national bank

“Collins English Dictionary — Complete & Unabridged” 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Word History and Origins

Origin of state bank1

An Americanism dating back to 1805–15

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